Wall Street brokerages expect WhiteHorse Finance, Inc. (NASDAQ:WHF – Get Rating) to announce $0.39 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for WhiteHorse Finance’s earnings, with estimates ranging from $0.36 to $0.41. WhiteHorse Finance posted earnings of $0.38 per share during the same quarter last year, which would suggest a positive year over year growth rate of 2.6%. The firm is expected to report its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that WhiteHorse Finance will report full-year earnings of $1.51 per share for the current year, with EPS estimates ranging from $1.47 to $1.55. For the next fiscal year, analysts forecast that the company will report earnings of $1.52 per share, with EPS estimates ranging from $1.49 to $1.58. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that follow WhiteHorse Finance.
WhiteHorse Finance (NASDAQ:WHF – Get Rating) last released its quarterly earnings results on Thursday, March 3rd. The investment management company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.04). The company had revenue of $18.50 million for the quarter, compared to analyst estimates of $18.85 million. WhiteHorse Finance had a return on equity of 9.17% and a net margin of 41.63%. During the same period in the previous year, the business posted $0.34 EPS.
WhiteHorse Finance stock traded down $0.31 during midday trading on Monday, hitting $14.46. The stock had a trading volume of 1,001 shares, compared to its average volume of 76,455. The business has a fifty day moving average price of $15.12 and a 200 day moving average price of $15.29. WhiteHorse Finance has a 12 month low of $14.60 and a 12 month high of $16.23. The stock has a market cap of $335.40 million, a P/E ratio of 9.97 and a beta of 1.36. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.36.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 4th. Shareholders of record on Friday, March 25th were given a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 9.82%. The ex-dividend date was Thursday, March 24th. WhiteHorse Finance’s dividend payout ratio (DPR) is presently 97.93%.
A number of institutional investors have recently bought and sold shares of WHF. Cornerstone Advisory LLC purchased a new position in WhiteHorse Finance in the 4th quarter worth about $30,000. Wells Fargo & Company MN lifted its position in shares of 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 acquiring an additional 1,000 shares in the last quarter. Capital Analysts LLC acquired a new position in WhiteHorse Finance in the 3rd quarter worth approximately $67,000. Ahrens Investment Partners LLC purchased a new position in WhiteHorse Finance during the 4th quarter worth approximately $90,000. Finally, Eidelman Virant Capital acquired a new stake in WhiteHorse Finance during the 4th quarter valued at $156,000. Hedge funds and other institutional investors own 13.45% of the company’s stock.
About WhiteHorse Finance (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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