Wall Street brokerages forecast that WhiteHorse Finance, Inc. (NASDAQ:WHF – Get Rating) will post $20.78 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for WhiteHorse Finance’s earnings, with estimates ranging from $20.68 million to $20.88 million. WhiteHorse Finance posted sales of $17.34 million in the same quarter last year, which would indicate a positive year over year growth rate of 19.8%. The company is scheduled to report its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that WhiteHorse Finance will report full year sales of $84.02 million for the current year, with estimates ranging from $83.14 million to $84.89 million. For the next year, analysts expect that the firm will report sales of $94.01 million, with estimates ranging from $87.81 million to $100.20 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for WhiteHorse Finance.
WhiteHorse Finance (NASDAQ:WHF – Get Rating) last posted its earnings results on Thursday, March 3rd. The investment management company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.04). WhiteHorse Finance had a net margin of 37.16% and a return on equity of 9.01%. The company had revenue of $18.50 million during the quarter, compared to analysts’ expectations of $18.85 million. During the same period in the previous year, the company posted $0.34 EPS.
A number of equities research analysts recently issued reports on the company. Raymond James reduced their target price on WhiteHorse Finance from $16.50 to $16.00 and set an “outperform” rating on the stock in a research note on Friday, March 4th. TheStreet lowered WhiteHorse Finance from a “b-” rating to a “c” rating in a research note on Wednesday, April 13th. StockNews.com lowered WhiteHorse Finance from a “hold” rating to a “sell” rating in a research note on Thursday, April 7th. Hovde Group reduced their price target on WhiteHorse Finance to $13.00 in a research note on Friday, May 20th. Finally, Zacks Investment Research lowered WhiteHorse Finance from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $15.13.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Powell Investment Advisors LLC increased its holdings in WhiteHorse Finance by 6.3% in the 4th quarter. Powell Investment Advisors LLC now owns 11,060 shares of the investment management company’s stock valued at $179,000 after purchasing an additional 660 shares in the last quarter. Cetera Advisors LLC increased its holdings in WhiteHorse Finance by 5.3% in the 3rd quarter. Cetera Advisors LLC now owns 16,125 shares of the investment management company’s stock valued at $245,000 after purchasing an additional 805 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in WhiteHorse Finance by 17.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 6,167 shares of the investment management company’s stock valued at $99,000 after purchasing an additional 937 shares in the last quarter. Royal Bank of Canada increased its holdings in WhiteHorse Finance by 10.1% in the 1st quarter. Royal Bank of Canada now owns 10,885 shares of the investment management company’s stock valued at $164,000 after purchasing an additional 998 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in WhiteHorse Finance by 37.0% in the 4th quarter. Wells Fargo & Company MN now owns 3,706 shares of the investment management company’s stock valued at $58,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 13.45% of the company’s stock.
WHF stock opened at $13.38 on Wednesday. WhiteHorse Finance has a 1 year low of $13.06 and a 1 year high of $16.23. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.98 and a current ratio of 1.98. The stock’s 50 day moving average price is $14.78 and its 200 day moving average price is $15.13. The firm has a market cap of $310.35 million, a P/E ratio of 10.29 and a beta of 1.29.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 5th. Stockholders of record on Monday, June 20th will be issued a dividend of $0.355 per share. The ex-dividend date is Thursday, June 16th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.61%. WhiteHorse Finance’s payout ratio is 109.23%.
WhiteHorse Finance Company Profile (Get Rating)
WhiteHorse Finance, LLC is a non-diversified, closed-end management investment business development company specializing in originating senior secured loans to privately held small-cap companies across a broad range of industries. It invests in United States. It typically invests between $5 million to $25 million in companies having enterprise value of between $50 million and $350 million.
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