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.
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.
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