Q2 2023 EPS Estimates for WhiteHorse Finance, Inc. (NASDAQ:WHF) Boosted by Oppenheimer

WhiteHorse Finance, Inc. (NASDAQ:WHFGet Rating) – Equities researchers at Oppenheimer boosted their Q2 2023 earnings estimates for WhiteHorse Finance in a research report issued to clients and investors on Thursday, May 12th. Oppenheimer analyst M. Penn now forecasts that the investment management company will post earnings of $0.38 per share for the quarter, up from their previous estimate of $0.37. Oppenheimer also issued estimates for WhiteHorse Finance’s FY2023 earnings at $1.50 EPS.

WHF has been the topic of a number of other reports. Zacks Investment Research downgraded shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. Raymond James dropped their price objective on shares of WhiteHorse Finance from $16.50 to $16.00 and set an “outperform” rating on the stock in a research note on Friday, March 4th. Hovde Group downgraded shares of WhiteHorse Finance from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $16.50 to $15.50 in a research note on Friday, March 4th. TheStreet downgraded shares of WhiteHorse Finance from a “b-” rating to a “c” rating in a research note on Wednesday, April 13th. Finally, StockNews.com downgraded shares of WhiteHorse Finance from a “hold” rating to a “sell” rating in a research note on Thursday, April 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, WhiteHorse Finance presently has an average rating of “Hold” and an average price target of $15.75.

NASDAQ WHF opened at $13.64 on Monday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.40 and a current ratio of 1.98. The firm’s 50 day moving average price is $14.94 and its 200-day moving average price is $15.21. WhiteHorse Finance has a 52-week low of $13.30 and a 52-week high of $16.23. The company has a market cap of $316.38 million, a PE ratio of 10.49 and a beta of 1.29.

WhiteHorse Finance (NASDAQ:WHFGet Rating) last released its quarterly earnings data 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 business had revenue of $18.50 million for the quarter, compared to the consensus estimate of $18.85 million. During the same quarter in the prior year, the business posted $0.34 earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 5th. Shareholders of record on Monday, June 20th will be issued a $0.355 dividend. The ex-dividend date is Thursday, June 16th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.41%. WhiteHorse Finance’s dividend payout ratio is currently 109.23%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Powell Investment Advisors LLC raised its holdings in shares of WhiteHorse Finance by 6.3% during the fourth quarter. Powell Investment Advisors LLC now owns 11,060 shares of the investment management company’s stock worth $179,000 after purchasing an additional 660 shares during the last quarter. Cetera Advisors LLC raised its holdings in shares of WhiteHorse Finance by 5.3% during the third quarter. Cetera Advisors LLC now owns 16,125 shares of the investment management company’s stock worth $245,000 after purchasing an additional 805 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in WhiteHorse Finance by 17.9% in the first quarter. Great West Life Assurance Co. Can now owns 6,167 shares of the investment management company’s stock valued at $99,000 after buying an additional 937 shares in the last quarter. Wells Fargo & Company MN increased its holdings in WhiteHorse Finance by 37.0% in the fourth quarter. Wells Fargo & Company MN now owns 3,706 shares of the investment management company’s stock valued at $58,000 after buying an additional 1,000 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its holdings in WhiteHorse Finance by 11.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 15,741 shares of the investment management company’s stock valued at $244,000 after buying an additional 1,666 shares in the last quarter. 13.45% of the stock is owned by institutional investors and hedge funds.

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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Earnings History and Estimates for WhiteHorse Finance (NASDAQ:WHF)

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