WhiteHorse Finance Inc (WHF) Expected to Post Quarterly Sales of $15.46 Million

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Wall Street brokerages expect WhiteHorse Finance Inc (NASDAQ:WHF) to post $15.46 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for WhiteHorse Finance’s earnings, with the highest sales estimate coming in at $15.61 million and the lowest estimate coming in at $15.31 million. WhiteHorse Finance reported sales of $16.61 million in the same quarter last year, which indicates a negative year-over-year growth rate of 6.9%. The firm is expected to issue its next quarterly earnings report on Tuesday, May 14th.

On average, analysts expect that WhiteHorse Finance will report full-year sales of $65.78 million for the current fiscal year, with estimates ranging from $64.45 million to $67.10 million. For the next fiscal year, analysts anticipate that the firm will post sales of $73.24 million, with estimates ranging from $73.17 million to $73.30 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow WhiteHorse Finance.

WHF has been the subject of several research analyst reports. TheStreet raised shares of WhiteHorse Finance from a “c+” rating to a “b-” rating in a research note on Friday, November 16th. BidaskClub raised shares of WhiteHorse Finance from a “hold” rating to a “buy” rating in a research note on Thursday, December 13th. Finally, Zacks Investment Research raised shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a research note on Saturday, January 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. WhiteHorse Finance currently has a consensus rating of “Hold” and an average target price of $14.25.

Shares of WhiteHorse Finance stock traded down $0.06 on Friday, hitting $14.19. 30,813 shares of the company traded hands, compared to its average volume of 48,607. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.15 and a current ratio of 1.15. WhiteHorse Finance has a 52 week low of $11.89 and a 52 week high of $15.80. The company has a market capitalization of $293.04 million, a PE ratio of 9.46 and a beta of 0.72.

Several institutional investors have recently bought and sold shares of the company. Resource America Inc. grew its position in shares of WhiteHorse Finance by 19.6% in the third quarter. Resource America Inc. now owns 301,636 shares of the investment management company’s stock valued at $4,193,000 after purchasing an additional 49,376 shares in the last quarter. Legal & General Group Plc grew its position in shares of WhiteHorse Finance by 17.9% in the third quarter. Legal & General Group Plc now owns 79,620 shares of the investment management company’s stock valued at $1,112,000 after purchasing an additional 12,060 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD purchased a new position in shares of WhiteHorse Finance in the fourth quarter valued at $399,000. Advisor Group Inc. grew its position in shares of WhiteHorse Finance by 588.5% in the fourth quarter. Advisor Group Inc. now owns 13,164 shares of the investment management company’s stock valued at $167,000 after purchasing an additional 11,252 shares in the last quarter. Finally, Citigroup Inc. grew its position in shares of WhiteHorse Finance by 164.4% in the fourth quarter. Citigroup Inc. now owns 4,760 shares of the investment management company’s stock valued at $61,000 after purchasing an additional 2,960 shares in the last quarter. 12.57% of the stock is owned by hedge funds and other institutional investors.

WhiteHorse Finance Company Profile

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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