$15.73 Million in Sales Expected for WhiteHorse Finance Inc (WHF) This Quarter

Brokerages expect WhiteHorse Finance Inc (NASDAQ:WHF) to report $15.73 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for WhiteHorse Finance’s earnings. The lowest sales estimate is $15.23 million and the highest is $16.22 million. WhiteHorse Finance reported sales of $13.92 million during the same quarter last year, which would suggest a positive year over year growth rate of 13%. The business is expected to report its next earnings report on Friday, March 1st.

On average, analysts expect that WhiteHorse Finance will report full year sales of $62.31 million for the current fiscal year, with estimates ranging from $61.81 million to $62.80 million. For the next year, analysts forecast that the firm will post sales of $69.00 million, with estimates ranging from $66.69 million to $71.30 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for WhiteHorse Finance.

WhiteHorse Finance (NASDAQ:WHF) last announced its earnings results on Tuesday, November 6th. The investment management company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The firm had revenue of $15.32 million for the quarter, compared to the consensus estimate of $15.61 million. WhiteHorse Finance had a return on equity of 9.76% and a net margin of 100.60%.

Several brokerages have commented on WHF. Zacks Investment Research raised WhiteHorse Finance from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Thursday, November 1st. TheStreet raised WhiteHorse Finance from a “c+” rating to a “b-” rating in a report on Friday, November 16th. ValuEngine raised WhiteHorse Finance from a “sell” rating to a “hold” rating in a report on Wednesday, November 7th. BidaskClub raised WhiteHorse Finance from a “sell” rating to a “hold” rating in a report on Friday, October 12th. Finally, B. Riley reaffirmed 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 issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $14.10.

In other WhiteHorse Finance news, CEO Stuart D. Aronson acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, November 27th. The shares were bought at an average cost of $13.14 per share, with a total value of $26,280.00. Following the purchase, the chief executive officer now directly owns 16,000 shares of the company’s stock, valued at $210,240. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Stuart D. Aronson acquired 4,000 shares of the company’s stock in a transaction dated Thursday, November 29th. The stock was acquired at an average cost of $13.07 per share, for a total transaction of $52,280.00. Following the completion of the purchase, the chief executive officer now directly owns 16,000 shares in the company, valued at $209,120. The disclosure for this purchase can be found here. Insiders bought a total of 10,530 shares of company stock worth $138,823 over the last three months. 1.20% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the company. Resource America Inc. increased its position in WhiteHorse Finance by 19.6% in the 3rd quarter. Resource America Inc. now owns 301,636 shares of the investment management company’s stock valued at $4,193,000 after buying an additional 49,376 shares in the last quarter. Legal & General Group Plc increased its position in WhiteHorse Finance by 17.9% in the 3rd quarter. Legal & General Group Plc now owns 79,620 shares of the investment management company’s stock valued at $1,112,000 after buying an additional 12,060 shares in the last quarter. Millennium Management LLC bought a new stake in WhiteHorse Finance in the 2nd quarter valued at about $853,000. Macquarie Group Ltd. increased its position in WhiteHorse Finance by 81.6% in the 2nd 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 in the last quarter. Finally, Eqis Capital Management Inc. bought a new stake in WhiteHorse Finance in the 2nd quarter valued at about $200,000. 13.17% of the stock is currently owned by institutional investors.

WHF traded up $0.08 during midday trading on Wednesday, hitting $13.26. 12,827 shares of the company were exchanged, compared to its average volume of 27,986. The company has a market capitalization of $270.80 million, a PE ratio of 9.22 and a beta of 0.76. WhiteHorse Finance has a 1-year low of $10.92 and a 1-year high of $15.80. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.62.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 3rd. Stockholders of record on Tuesday, December 18th will be paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.71%. The ex-dividend date of this dividend is Monday, December 17th. WhiteHorse Finance’s dividend payout ratio is 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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