Brokerages forecast that WhiteHorse Finance Inc (NASDAQ:WHF) will report $0.37 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for WhiteHorse Finance’s earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at $0.35. WhiteHorse Finance reported earnings per share of $0.33 during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.1%. The company is expected to issue its next quarterly earnings report on Wednesday, August 14th.
According to Zacks, analysts expect that WhiteHorse Finance will report full-year earnings of $1.49 per share for the current year, with EPS estimates ranging from $1.44 to $1.55. For the next year, analysts anticipate that the business will report earnings of $1.57 per share, with EPS estimates ranging from $1.52 to $1.63. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for WhiteHorse Finance.
WhiteHorse Finance (NASDAQ:WHF) last issued its earnings results on Wednesday, March 6th. The investment management company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.04. The firm had revenue of $16.67 million for the quarter, compared to analysts’ expectations of $15.73 million. WhiteHorse Finance had a return on equity of 9.50% and a net margin of 80.64%.
Several research firms recently commented on WHF. BidaskClub upgraded WhiteHorse Finance from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Zacks Investment Research raised WhiteHorse Finance from a “sell” rating to a “hold” rating in a research report on Friday, February 22nd. Finally, JPMorgan Chase & Co. downgraded WhiteHorse Finance from a “neutral” rating to an “underweight” rating and set a $13.50 price target on the stock. in a research report on Wednesday, January 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $14.17.
WHF opened at $14.11 on Monday. The stock has a market capitalization of $290.52 million, a P/E ratio of 9.41 and a beta of 0.73. WhiteHorse Finance has a 12 month low of $11.89 and a 12 month high of $15.80. The company has a quick ratio of 1.83, a current ratio of 1.51 and a debt-to-equity ratio of 0.56.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Oxford Asset Management LLP grew its holdings in shares of WhiteHorse Finance by 109.3% during the first quarter. Oxford Asset Management LLP now owns 26,623 shares of the investment management company’s stock valued at $378,000 after buying an additional 13,902 shares during the last quarter. Advantage Investment Management LLC grew its holdings in shares of WhiteHorse Finance by 27.0% during the first quarter. Advantage Investment Management LLC now owns 18,237 shares of the investment management company’s stock valued at $259,000 after buying an additional 3,881 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of WhiteHorse Finance during the first quarter valued at $1,241,000. Trexquant Investment LP purchased a new stake in shares of WhiteHorse Finance during the first quarter valued at $212,000. Finally, BlackRock Inc. grew its holdings in shares of WhiteHorse Finance by 4.3% during the first quarter. BlackRock Inc. now owns 39,552 shares of the investment management company’s stock valued at $562,000 after buying an additional 1,635 shares during the last quarter. 13.06% of the stock is currently owned by hedge funds and other institutional investors.
About WhiteHorse Finance
WhiteHorse Finance, LLC is a business development company.
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