Q4 2019 EPS Estimates for WhiteHorse Finance Inc Cut by B. Riley (WHF)

WhiteHorse Finance Inc (NASDAQ:WHF) – B. Riley dropped their Q4 2019 earnings estimates for WhiteHorse Finance in a research note issued to investors on Wednesday, November 7th. B. Riley analyst T. Hayes now anticipates that the investment management company will post earnings of $0.38 per share for the quarter, down from their prior estimate of $0.39. B. Riley has a “Buy” rating and a $15.00 price objective on the stock. B. Riley also issued estimates for WhiteHorse Finance’s Q1 2020 earnings at $0.40 EPS and Q3 2020 earnings at $0.40 EPS.

WhiteHorse Finance (NASDAQ:WHF) last released its quarterly 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 9.94%. The business had revenue of $15.32 million for the quarter, compared to analyst estimates of $15.61 million.

Several other equities analysts have also issued reports on WHF. BidaskClub raised shares of WhiteHorse Finance from a “hold” rating to a “buy” rating in a report on Friday, July 20th. JPMorgan Chase & Co. lifted their price target on shares of WhiteHorse Finance from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Monday, July 23rd. TheStreet lowered shares of WhiteHorse Finance from a “b” rating to a “c+” rating in a report on Wednesday, October 24th. Zacks Investment Research raised shares of WhiteHorse Finance from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Thursday, November 1st. Finally, ValuEngine lowered shares of WhiteHorse Finance from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $14.25.

NASDAQ WHF opened at $13.83 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.48 and a current ratio of 1.48. WhiteHorse Finance has a 12-month low of $10.92 and a 12-month high of $15.80. The firm has a market capitalization of $276.55 million, a price-to-earnings ratio of 10.24 and a beta of 0.75.

Institutional investors and hedge funds have recently made changes to their positions in the company. Telemus Capital LLC purchased a new stake in shares of WhiteHorse Finance during the second quarter valued at $145,000. Resource America Inc. grew its holdings in shares of 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 last quarter. Millennium Management LLC purchased a new stake in shares of WhiteHorse Finance during the second quarter valued at $853,000. Eqis Capital Management Inc. purchased a new stake in shares of WhiteHorse Finance during the second quarter valued at $200,000. Finally, Macquarie Group Ltd. grew its holdings in shares of 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 last quarter. 8.84% of the stock is currently owned by hedge funds and other institutional investors.

About WhiteHorse Finance

WhiteHorse Finance, LLC is a business development company.

Read More: Reverse Stock Split

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

Receive News & Ratings for WhiteHorse Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WhiteHorse Finance and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply