WhiteHorse Finance Inc (NASDAQ:WHF) Expected to Post Earnings of $0.37 Per Share
Wall Street brokerages forecast that WhiteHorse Finance Inc (NASDAQ:WHF) will report $0.37 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided 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 posted earnings per share of $0.33 in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.1%. The firm is expected to issue its next earnings report on Wednesday, August 14th.
On average, 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 financial year, analysts forecast that the firm will post earnings of $1.57 per share, with EPS estimates ranging from $1.52 to $1.63. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for WhiteHorse Finance.
WhiteHorse Finance (NASDAQ:WHF) last issued its quarterly earnings data on Wednesday, May 8th. The investment management company reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.02. WhiteHorse Finance had a net margin of 80.64% and a return on equity of 9.50%. The firm had revenue of $15.92 million for the quarter, compared to analysts’ expectations of $15.46 million.
Several hedge funds have recently made changes to their positions in the company. Marshall Wace LLP acquired a new stake in WhiteHorse Finance during the 1st quarter worth $1,241,000. Oxford Asset Management LLP lifted its position in WhiteHorse Finance by 109.3% in the 1st quarter. Oxford Asset Management LLP now owns 26,623 shares of the investment management company’s stock valued at $378,000 after acquiring an additional 13,902 shares in the last quarter. Advantage Investment Management LLC lifted its position in WhiteHorse Finance by 27.0% in the 1st quarter. Advantage Investment Management LLC now owns 18,237 shares of the investment management company’s stock valued at $259,000 after acquiring an additional 3,881 shares in the last quarter. Trexquant Investment LP bought a new stake in WhiteHorse Finance during the 1st quarter worth about $212,000. Finally, BlackRock Inc. lifted its position in WhiteHorse Finance by 4.3% during the 1st quarter. BlackRock Inc. now owns 39,552 shares of the investment management company’s stock worth $562,000 after buying an additional 1,635 shares in the last quarter. 11.40% of the stock is owned by institutional investors and hedge funds.
WHF traded down $0.03 during trading on Wednesday, reaching $14.50. 54,533 shares of the company traded hands, compared to its average volume of 50,659. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.51 and a quick ratio of 1.51. WhiteHorse Finance has a 12-month low of $11.89 and a 12-month high of $15.80. The firm has a market cap of $297.92 million, a P/E ratio of 9.67 and a beta of 0.68.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Thursday, June 20th will be issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 9.79%. The ex-dividend date of this dividend is Wednesday, June 19th. WhiteHorse Finance’s payout ratio is presently 94.67%.
WhiteHorse Finance Company Profile
WhiteHorse Finance, Inc is a managed, non-diversified, closed-end management investment company which operates as a direct lender targeting debt investments in privately held, lower middle market companies located in the United States. Its investment objective is to generate returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing lower middle market companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate.
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