WhiteHorse Finance, Inc. (NASDAQ:WHF) declared a quarterly dividend on Tuesday, May 11th, Wall Street Journal reports. Shareholders of record on Friday, June 18th will be given a dividend of 0.355 per share by the investment management company on Friday, July 2nd. This represents a $1.42 annualized dividend and a yield of 8.92%. The ex-dividend date is Thursday, June 17th.
Shares of NASDAQ WHF opened at $15.92 on Wednesday. The firm’s 50-day moving average is $15.63. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.71 and a current ratio of 2.71. WhiteHorse Finance has a 52 week low of $9.02 and a 52 week high of $16.72. The firm has a market cap of $327.92 million, a price-to-earnings ratio of 5.36 and a beta of 1.51.
WhiteHorse Finance (NASDAQ:WHF) last announced its quarterly earnings results on Monday, May 10th. The investment management company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.36 by $0.02. WhiteHorse Finance had a return on equity of 8.29% and a net margin of 93.36%. The company had revenue of $17.97 million for the quarter, compared to the consensus estimate of $18.15 million. As a group, analysts predict that WhiteHorse Finance will post 1.49 earnings per share for the current year.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a report on Friday, May 14th. JPMorgan Chase & Co. restated an “underweight” rating and set a $15.50 target price (up previously from $14.50) on shares of WhiteHorse Finance in a research note on Monday, May 3rd. B. Riley reiterated a “neutral” rating on shares of WhiteHorse Finance in a report on Monday, February 22nd. Finally, Raymond James raised their price objective on shares of WhiteHorse Finance from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $14.33.
About WhiteHorse Finance
WhiteHorse Finance, LLC is a business development company.
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