WhiteHorse Finance (NASDAQ:WHF) announced its quarterly earnings results on Tuesday. The investment management company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01, Morningstar.com reports. WhiteHorse Finance had a return on equity of 9.61% and a net margin of 86.68%. The business had revenue of $15.32 million for the quarter, compared to analyst estimates of $15.61 million.
Shares of WHF traded up $0.24 on Wednesday, reaching $13.70. 716 shares of the company’s stock traded hands, compared to its average volume of 31,608. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $251.48 million, a price-to-earnings ratio of 10.13 and a beta of 0.75. WhiteHorse Finance has a 52-week low of $10.92 and a 52-week high of $15.80.
Institutional investors and hedge funds have recently modified their holdings of the stock. Legal & General Group Plc purchased a new stake in WhiteHorse Finance in the second quarter worth $982,000. Millennium Management LLC purchased a new stake in WhiteHorse Finance in the second quarter worth $853,000. Macquarie Group Ltd. increased its position in WhiteHorse Finance by 81.6% in the second quarter. Macquarie Group Ltd. now owns 39,748 shares of the investment management company’s stock worth $577,000 after buying an additional 17,861 shares during the last quarter. Eqis Capital Management Inc. purchased a new stake in WhiteHorse Finance in the second quarter worth $200,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in WhiteHorse Finance in the first quarter worth $165,000. 8.84% of the stock is owned by institutional investors.
A number of research analysts have recently weighed in on WHF shares. TheStreet lowered WhiteHorse Finance from a “b” rating to a “c+” rating in a report on Wednesday, October 24th. ValuEngine lowered WhiteHorse Finance from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Zacks Investment Research upgraded WhiteHorse Finance from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Thursday, November 1st. BidaskClub upgraded WhiteHorse Finance from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 12th. Finally, JPMorgan Chase & Co. increased their price target on WhiteHorse Finance from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Monday, July 23rd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $14.25.
TRADEMARK VIOLATION NOTICE: This piece was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of international trademark and copyright law. The correct version of this piece can be accessed at https://www.dispatchtribunal.com/2018/11/07/whitehorse-finance-whf-issues-quarterly-earnings-results.html.
WhiteHorse Finance Company Profile
WhiteHorse Finance, LLC is a business development company.
Read More: How is the S&P 500 index different from the DJIA?
Receive News & Ratings for WhiteHorse Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WhiteHorse Finance and related companies with MarketBeat.com's FREE daily email newsletter.