WhiteHorse Finance Inc (WHF) Expected to Announce Earnings of $0.37 Per Share
Wall Street analysts forecast that WhiteHorse Finance Inc (NASDAQ:WHF) will announce $0.37 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for WhiteHorse Finance’s earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.39. WhiteHorse Finance posted 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 Friday, March 1st.
On average, analysts expect that WhiteHorse Finance will report full year earnings of $1.19 per share for the current fiscal year, with EPS estimates ranging from $1.18 to $1.22. For the next fiscal year, analysts expect that the firm will post earnings of $1.53 per share, with EPS estimates ranging from $1.47 to $1.62. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for WhiteHorse Finance.
WhiteHorse Finance (NASDAQ:WHF) last issued its earnings results on Tuesday, November 6th. The investment management company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. WhiteHorse Finance had a net margin of 100.60% and a return on equity of 9.76%. The business had revenue of $15.32 million during the quarter, compared to analysts’ expectations of $15.61 million.
Shares of WhiteHorse Finance stock traded up $0.08 during trading hours on Monday, hitting $13.26. The company had a trading volume of 12,827 shares, compared to its average volume of 27,986. WhiteHorse Finance has a twelve month low of $10.92 and a twelve month high of $15.80. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.62. The stock has a market cap of $270.80 million, a price-to-earnings ratio of 9.22 and a beta of 0.76.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 3rd. Investors of record on Tuesday, December 18th will be given a $0.355 dividend. The ex-dividend date is Monday, December 17th. This represents a $1.42 annualized dividend and a yield of 10.71%. WhiteHorse Finance’s dividend payout ratio (DPR) is 105.19%.
In other WhiteHorse Finance news, CEO Stuart D. Aronson purchased 4,000 shares of WhiteHorse Finance stock in a transaction that occurred on Thursday, November 29th. The stock was purchased at an average price of $13.07 per share, for a total transaction of $52,280.00. Following the transaction, the chief executive officer now directly owns 16,000 shares in the company, valued at $209,120. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kevin Francis Burke purchased 2,000 shares of WhiteHorse Finance stock in a transaction that occurred on Thursday, November 29th. The stock was acquired at an average price of $12.94 per share, with a total value of $25,880.00. Following the transaction, the director now owns 4,530 shares in the company, valued at $58,618.20. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 10,530 shares of company stock valued at $138,823. 1.20% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its position in WhiteHorse Finance by 17.9% during the 3rd quarter. Legal & General Group Plc now owns 79,620 shares of the investment management company’s stock worth $1,112,000 after buying an additional 12,060 shares during the last quarter. Resource America Inc. raised its position in WhiteHorse Finance by 19.6% during the 3rd quarter. Resource America Inc. now owns 301,636 shares of the investment management company’s stock worth $4,193,000 after buying an additional 49,376 shares during the last quarter. Millennium Management LLC purchased a new position in WhiteHorse Finance during the 2nd quarter worth $853,000. Macquarie Group Ltd. raised its position in WhiteHorse Finance by 81.6% during the 2nd quarter. Macquarie Group Ltd. now owns 39,748 shares of the investment management company’s stock worth $577,000 after buying an additional 17,861 shares during the last quarter. Finally, Eqis Capital Management Inc. purchased a new position in WhiteHorse Finance during the 2nd quarter worth $200,000. Hedge funds and other institutional investors own 13.17% of the company’s stock.
About WhiteHorse Finance
WhiteHorse Finance, LLC is a business development company.
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