Brokerages forecast that WhiteHorse Finance Inc (NASDAQ:WHF) will post earnings per share of $0.36 for the current quarter, according to Zacks. Two analysts have issued estimates for WhiteHorse Finance’s earnings, with estimates ranging from $0.35 to $0.39. WhiteHorse Finance reported earnings per share of $0.33 during the same quarter last year, which suggests a positive year-over-year growth rate of 9.1%. The company is scheduled to issue its next earnings results on Friday, March 1st.
According to Zacks, analysts expect that WhiteHorse Finance will report full-year earnings of $1.19 per share for the current financial year, with EPS estimates ranging from $1.18 to $1.22. For the next year, analysts expect that the business will report earnings of $1.50 per share, with EPS estimates ranging from $1.42 to $1.61. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow WhiteHorse Finance.
A number of research analysts recently weighed in on the company. Zacks Investment Research raised WhiteHorse Finance from a “sell” rating to a “hold” rating in a research report on Saturday. BidaskClub lowered WhiteHorse Finance from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 24th. TheStreet raised WhiteHorse Finance from a “c+” rating to a “b-” rating in a research report on Friday, November 16th. ValuEngine raised WhiteHorse Finance from a “sell” rating to a “hold” rating in a research report on Wednesday, November 7th. Finally, JPMorgan Chase & Co. lowered WhiteHorse Finance from a “neutral” rating to an “underweight” rating and set a $13.50 price objective for the company. in a research report on Wednesday, January 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $14.00.
In other news, Director Kevin Francis Burke purchased 2,530 shares of the company’s stock in a transaction dated Wednesday, November 14th. The shares were purchased at an average cost 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 document filed with the SEC, which is accessible through this hyperlink. Also, CEO Stuart D. Aronson purchased 4,000 shares of the company’s stock in a transaction dated Thursday, November 29th. The stock was purchased at an average price of $13.07 per share, for a total transaction of $52,280.00. Following the completion of the purchase, the chief executive officer now owns 16,000 shares in the company, valued at $209,120. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 10,530 shares of company stock worth $138,823. Company insiders own 1.20% of the company’s stock.
A number of large investors have recently bought and sold shares of WHF. Legal & General Group Plc grew its position in 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 worth $1,112,000 after acquiring an additional 12,060 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD purchased a new stake in shares of WhiteHorse Finance in the fourth quarter valued at approximately $399,000. Resource America Inc. boosted its holdings 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 during the period. Finally, Millennium Management LLC bought a new position in WhiteHorse Finance in the second quarter worth approximately $853,000. 13.01% of the stock is currently owned by institutional investors and hedge funds.
WhiteHorse Finance Company Profile
WhiteHorse Finance, LLC is a business development company.
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