WhiteHorse Finance (WHF) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

WhiteHorse Finance (NASDAQ:WHF) posted its quarterly earnings results on Wednesday, May 8th. The investment management company reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.02, MarketWatch Earnings reports. The business had revenue of $15.92 million during the quarter, compared to the consensus estimate of $15.46 million. WhiteHorse Finance had a return on equity of 9.50% and a net margin of 80.64%.

NASDAQ:WHF opened at $14.55 on Friday. WhiteHorse Finance has a fifty-two week low of $11.89 and a fifty-two week high of $15.80. The firm has a market cap of $296.27 million, a P/E ratio of 9.70 and a beta of 0.73. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.51 and a current ratio of 1.51.

A number of large investors have recently added to or reduced their stakes in WHF. Citigroup Inc. increased its stake in WhiteHorse Finance by 164.4% in the fourth quarter. Citigroup Inc. now owns 4,760 shares of the investment management company’s stock worth $61,000 after purchasing an additional 2,960 shares during the period. Advisor Group Inc. increased its stake in WhiteHorse Finance by 588.5% in the fourth quarter. Advisor Group Inc. now owns 13,164 shares of the investment management company’s stock worth $167,000 after purchasing an additional 11,252 shares during the period. Trexquant Investment LP purchased a new stake in WhiteHorse Finance in the first quarter worth $212,000. Mid Atlantic Financial Management Inc. ADV increased its stake in WhiteHorse Finance by 13.3% in the first quarter. Mid Atlantic Financial Management Inc. ADV now owns 16,195 shares of the investment management company’s stock worth $230,000 after purchasing an additional 1,907 shares during the period. Finally, Advantage Investment Management LLC increased its stake in WhiteHorse Finance by 27.0% in the first quarter. Advantage Investment Management LLC now owns 18,237 shares of the investment management company’s stock worth $259,000 after purchasing an additional 3,881 shares during the period. Institutional investors own 11.40% of the company’s stock.

A number of research firms have recently commented on WHF. BidaskClub upgraded WhiteHorse Finance from a “hold” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research upgraded WhiteHorse Finance from a “sell” rating to a “hold” rating in a research report on Friday, February 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. WhiteHorse Finance currently has a consensus rating of “Hold” and a consensus target price of $14.17.

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WhiteHorse Finance Company Profile

WhiteHorse Finance, Inc is a managed, non-diversified, closed-end management investment company which operates as a direct lender targeting debt investments in privately held, lower middle market companies located in the United States. Its investment objective is to generate returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing lower middle market companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate.

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Earnings History for WhiteHorse Finance (NASDAQ:WHF)

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