Zacks: Analysts Anticipate WhiteHorse Finance, Inc. (NASDAQ:WHF) Will Announce Quarterly Sales of $12.49 Million
Wall Street analysts expect WhiteHorse Finance, Inc. (NASDAQ:WHF) to announce $12.49 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for WhiteHorse Finance’s earnings, with the highest sales estimate coming in at $13.74 million and the lowest estimate coming in at $11.24 million. WhiteHorse Finance posted sales of $13.05 million during the same quarter last year, which suggests a negative year-over-year growth rate of 4.3%. The business is expected to issue its next earnings results on Friday, August 4th.
On average, analysts expect that WhiteHorse Finance will report full year sales of $12.49 million for the current year, with estimates ranging from $44.61 million to $56.62 million. For the next fiscal year, analysts anticipate that the firm will report sales of $52.63 million per share, with estimates ranging from $44.35 million to $60.92 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover WhiteHorse Finance.
WhiteHorse Finance (NASDAQ:WHF) last released its earnings results on Friday, May 5th. The investment management company reported $0.36 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.36. WhiteHorse Finance had a net margin of 65.58% and a return on equity of 10.78%. The company had revenue of $13.58 million for the quarter, compared to the consensus estimate of $12.10 million.
A number of analysts have recently commented on the stock. ValuEngine upgraded shares of WhiteHorse Finance from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a report on Thursday, May 4th. Finally, Robert W. Baird upgraded shares of WhiteHorse Finance from a “neutral” rating to an “outperform” rating and set a $15.00 target price on the stock in a report on Thursday, June 29th. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $14.13.
Several institutional investors have recently bought and sold shares of WHF. Goldman Sachs Group Inc. bought a new position in WhiteHorse Finance during the first quarter valued at about $205,000. Janney Montgomery Scott LLC bought a new position in WhiteHorse Finance during the first quarter valued at about $273,000. Hillsdale Investment Management Inc. bought a new position in WhiteHorse Finance during the first quarter valued at about $476,000. Finally, UBS Group AG raised its position in WhiteHorse Finance by 2.3% in the first quarter. UBS Group AG now owns 291,583 shares of the investment management company’s stock valued at $4,024,000 after buying an additional 6,584 shares in the last quarter. 11.50% of the stock is owned by hedge funds and other institutional investors.
WhiteHorse Finance (WHF) traded up 0.9797% on Friday, hitting $13.4101. 19,426 shares of the company were exchanged. WhiteHorse Finance has a 52 week low of $10.30 and a 52 week high of $14.75. The stock has a 50 day moving average of $14.26 and a 200 day moving average of $13.43.
The business also recently declared a quarterly dividend, which was paid on Thursday, July 6th. Stockholders of record on Monday, June 19th were given a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 10.69%. The ex-dividend date was Thursday, June 15th. WhiteHorse Finance’s dividend payout ratio is presently 73.58%.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for WhiteHorse Finance Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WhiteHorse Finance Inc. and related companies with MarketBeat.com's FREE daily email newsletter.