WhiteHorse Finance Inc (WHF) Expected to Post Earnings of $0.37 Per Share

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Analysts expect WhiteHorse Finance Inc (NASDAQ:WHF) to announce earnings of $0.37 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for WhiteHorse Finance’s earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.35. WhiteHorse Finance posted earnings of $0.33 per share during the same quarter last year, which would suggest a positive year over year growth rate of 12.1%. The business is expected to issue its next quarterly earnings results on Friday, March 1st.

On average, analysts expect that WhiteHorse Finance will report full-year earnings of $1.19 per share for the current year, with EPS estimates ranging from $1.18 to $1.22. For the next fiscal year, analysts expect that the firm will report earnings of $1.53 per share, with EPS estimates ranging from $1.47 to $1.62. Zacks’ EPS calculations are an average based on a survey of sell-side 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, topping the Thomson Reuters’ 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 firm had revenue of $15.32 million during the quarter, compared to analysts’ expectations of $15.61 million.

Several research analysts recently issued reports on the stock. BidaskClub raised shares of WhiteHorse Finance from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 12th. TheStreet raised shares of WhiteHorse Finance from a “c+” rating to a “b-” rating in a report on Friday, November 16th. ValuEngine raised shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a report on Wednesday, November 7th. Zacks Investment Research raised shares of WhiteHorse Finance from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a report on Thursday, November 1st. Finally, B. Riley reissued a “buy” rating and set a $15.00 target price on shares of WhiteHorse Finance in a report on Friday, November 2nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. WhiteHorse Finance currently has a consensus rating of “Buy” and an average price target of $14.10.

In other news, CEO Stuart D. Aronson purchased 4,000 shares of the company’s stock in a transaction that occurred on Thursday, November 29th. The shares were bought at an average price of $13.07 per share, for a total transaction of $52,280.00. Following the completion of the transaction, the chief executive officer now owns 16,000 shares in the company, valued at $209,120. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin Francis Burke purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, November 29th. The shares were purchased at an average price of $12.94 per share, for a total transaction of $25,880.00. Following the transaction, the director now owns 4,530 shares of the company’s stock, valued at approximately $58,618.20. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 10,530 shares of company stock worth $138,823. 1.20% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in WHF. Eqis Capital Management Inc. acquired a new stake in WhiteHorse Finance during the second quarter valued at $200,000. Macquarie Group Ltd. grew its position in WhiteHorse Finance by 81.6% during the second quarter. Macquarie Group Ltd. now owns 39,748 shares of the investment management company’s stock valued at $577,000 after buying an additional 17,861 shares during the period. Millennium Management LLC acquired a new stake in WhiteHorse Finance during the second quarter valued at $853,000. Legal & General Group Plc acquired a new stake in WhiteHorse Finance during the second quarter valued at $982,000. Finally, Resource America Inc. grew its position in WhiteHorse Finance by 2.5% during the second quarter. Resource America Inc. now owns 252,260 shares of the investment management company’s stock valued at $3,660,000 after buying an additional 6,047 shares during the period. Institutional investors own 13.17% of the company’s stock.

Shares of WhiteHorse Finance stock traded up $0.08 during trading on Monday, hitting $13.26. 12,827 shares of the company’s stock were exchanged, compared to its average volume of 27,986. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.15 and a quick ratio of 1.15. WhiteHorse Finance has a 52-week low of $10.92 and a 52-week high of $15.80. The stock has a market cap of $270.80 million, a PE ratio of 9.22 and a beta of 0.76.

The company 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 dividend of $0.355 per share. 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 is presently 105.19%.

About WhiteHorse Finance

WhiteHorse Finance, LLC is a business development company.

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

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