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

Equities research analysts predict that WhiteHorse Finance Inc (NASDAQ:WHF) will announce $15.73 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for WhiteHorse Finance’s earnings. The highest sales estimate is $16.22 million and the lowest is $15.23 million. WhiteHorse Finance posted sales of $13.92 million in the same quarter last year, which suggests a positive year-over-year growth rate of 13%. The business is expected to report its next quarterly earnings results 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 fiscal year, analysts anticipate that the firm will report sales of $69.00 million, with estimates ranging from $66.69 million to $71.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow WhiteHorse Finance.

WhiteHorse Finance (NASDAQ:WHF) last posted 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. 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 for the quarter, compared to analysts’ expectations of $15.61 million.

Several research firms have commented on WHF. ValuEngine raised shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a research report on Wednesday, November 7th. B. Riley reissued a “buy” rating and set a $15.00 target price on shares of WhiteHorse Finance in a research report on Friday, November 2nd. Zacks Investment Research raised shares of WhiteHorse Finance from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Thursday, November 1st. TheStreet cut shares of WhiteHorse Finance from a “b” rating to a “c+” rating in a research report on Wednesday, October 24th. Finally, BidaskClub raised shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a research report on Friday, October 12th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $14.25.

In related news, Director Kevin Francis Burke purchased 2,530 shares of the firm’s stock in a transaction dated Wednesday, November 14th. The stock was bought at an average price of $13.59 per share, for a total transaction of $34,382.70. Following the purchase, the director now directly owns 530 shares in the company, valued at approximately $7,202.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.20% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Telemus Capital LLC purchased a new stake in shares of WhiteHorse Finance during the 2nd quarter worth approximately $145,000. Resource America Inc. increased its stake in shares of WhiteHorse Finance by 2.5% during the 2nd quarter. Resource America Inc. now owns 252,260 shares of the investment management company’s stock worth $3,660,000 after purchasing an additional 6,047 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of WhiteHorse Finance during the 2nd quarter worth approximately $853,000. Eqis Capital Management Inc. purchased a new stake in shares of WhiteHorse Finance during the 2nd quarter worth approximately $200,000. Finally, Macquarie Group Ltd. increased its stake in shares of WhiteHorse Finance by 81.6% during the 2nd quarter. Macquarie Group Ltd. now owns 39,748 shares of the investment management company’s stock worth $577,000 after purchasing an additional 17,861 shares during the last quarter. Institutional investors own 8.83% of the company’s stock.

Shares of WhiteHorse Finance stock remained flat at $$13.72 during mid-day trading on Monday. 39,808 shares of the company’s stock traded hands, compared to its average volume of 31,754. WhiteHorse Finance has a 1 year low of $10.92 and a 1 year high of $15.80. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market cap of $282.51 million, a PE ratio of 10.16 and a beta of 0.75.

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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