Analysts predict that WhiteHorse Finance, Inc. (NASDAQ:WHF) will announce $0.34 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have made estimates for WhiteHorse Finance’s earnings. The lowest EPS estimate is $0.33 and the highest is $0.34. WhiteHorse Finance posted earnings of $0.35 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 2.9%. The firm is expected to report its next earnings results on Thursday, March 1st.

On average, analysts expect that WhiteHorse Finance will report full-year earnings of $1.33 per share for the current year, with EPS estimates ranging from $1.31 to $1.35. For the next fiscal year, analysts expect that the business will report earnings of $1.43 per share, with EPS estimates ranging from $1.41 to $1.45. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover WhiteHorse Finance.

WhiteHorse Finance (NASDAQ:WHF) last announced its earnings results on Tuesday, November 7th. The investment management company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04). WhiteHorse Finance had a net margin of 64.58% and a return on equity of 9.69%.

WHF has been the topic of several research reports. Ladenburg Thalmann Financial Services initiated coverage on shares of WhiteHorse Finance in a research note on Tuesday, December 19th. They set a “neutral” rating on the stock. BidaskClub downgraded shares of WhiteHorse Finance from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. ValuEngine downgraded shares of WhiteHorse Finance from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 7th. Zacks Investment Research raised shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Oppenheimer initiated coverage on shares of WhiteHorse Finance in a research note on Thursday, November 30th. They set a “buy” rating and a $15.00 price target on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. WhiteHorse Finance presently has a consensus rating of “Hold” and an average price target of $15.00.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ares Management LLC increased its stake in shares of WhiteHorse Finance by 5.5% in the second quarter. Ares Management LLC now owns 411,234 shares of the investment management company’s stock worth $5,498,000 after buying an additional 21,345 shares during the period. Ativo Capital Management LLC purchased a new position in shares of WhiteHorse Finance in the second quarter worth $1,097,000. IFP Advisors Inc purchased a new position in shares of WhiteHorse Finance in the third quarter worth $743,000. Goldman Sachs Group Inc. increased its stake in shares of WhiteHorse Finance by 211.1% in the second quarter. Goldman Sachs Group Inc. now owns 46,229 shares of the investment management company’s stock worth $618,000 after buying an additional 31,367 shares during the period. Finally, Macquarie Group Ltd. purchased a new position in shares of WhiteHorse Finance in the third quarter worth $539,000. 9.22% of the stock is currently owned by institutional investors.

Shares of WhiteHorse Finance (WHF) traded up $0.09 on Monday, reaching $13.17. 32,700 shares of the company were exchanged, compared to its average volume of 52,856. The stock has a market capitalization of $270.41, a P/E ratio of 7.08 and a beta of 0.72. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.02 and a quick ratio of 3.02. WhiteHorse Finance has a 1-year low of $12.38 and a 1-year high of $15.05.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th were paid a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 10.78%. The ex-dividend date was Friday, December 15th. WhiteHorse Finance’s dividend payout ratio (DPR) is presently 76.34%.

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WhiteHorse Finance Company Profile

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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