$12.46 Million in Sales Expected for WhiteHorse Finance Inc (WHF) This Quarter
Equities analysts forecast that WhiteHorse Finance Inc (NASDAQ:WHF) will announce $12.46 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for WhiteHorse Finance’s earnings. The lowest sales estimate is $11.24 million and the highest is $13.67 million. WhiteHorse Finance reported sales of $13.05 million in the same quarter last year, which suggests a negative year over year growth rate of 4.5%. The firm is scheduled to announce its next quarterly earnings results on Friday, August 4th.
According to Zacks, analysts expect that WhiteHorse Finance will report full year sales of $12.46 million for the current fiscal year, with estimates ranging from $44.61 million to $55.45 million. For the next fiscal year, analysts forecast that the firm will report sales of $50.61 million per share, with estimates ranging from $44.35 million to $56.86 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that cover WhiteHorse Finance.
WhiteHorse Finance (NASDAQ:WHF) last posted its earnings results on Friday, May 5th. The investment management company reported $0.36 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. The firm had revenue of $13.58 million for the quarter, compared to analyst estimates of $12.10 million. WhiteHorse Finance had a return on equity of 8.94% and a net margin of 14.26%.
Separately, Zacks Investment Research downgraded WhiteHorse Finance from a “hold” rating to a “sell” rating in a report on Tuesday, March 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. WhiteHorse Finance currently has an average rating of “Buy” and an average target price of $13.38.
Hedge funds have recently modified their holdings of the company. Vivaldi Asset Management LLC acquired a new stake in shares of WhiteHorse Finance during the fourth quarter worth $439,000. Hillsdale Investment Management Inc. acquired a new stake in shares of WhiteHorse Finance during the first quarter worth $476,000. Janney Montgomery Scott LLC acquired a new stake in shares of WhiteHorse Finance during the first quarter worth $273,000. Goldman Sachs Group Inc. acquired a new stake in shares of WhiteHorse Finance during the first quarter worth $205,000. Finally, UBS Group AG increased its stake in shares of WhiteHorse Finance by 2.3% in the first quarter. UBS Group AG now owns 291,583 shares of the investment management company’s stock worth $4,024,000 after buying an additional 6,584 shares during the last quarter. Hedge funds and other institutional investors own 10.11% of the company’s stock.
WhiteHorse Finance (NASDAQ:WHF) opened at 14.10 on Friday. WhiteHorse Finance has a 12-month low of $9.96 and a 12-month high of $14.75. The firm’s 50-day moving average price is $14.18 and its 200 day moving average price is $12.86. The company has a market capitalization of $258.07 million, a price-to-earnings ratio of 8.24 and a beta of 0.78.
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About WhiteHorse Finance
WhiteHorse Finance, Inc is a non-diversified, closed-end management investment company. The Company is a direct lender targeting debt investments in privately held, small-cap companies located in the United States. The Company’s investment objective is to generate attractive risk-adjusted returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing small-cap companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate (LIBOR) and have a term of 3 to 6 years.
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