Equities analysts expect that WhiteHorse Finance Inc (NASDAQ:WHF) will announce earnings per share (EPS) of $0.26 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for WhiteHorse Finance’s earnings, with estimates ranging from $0.20 to $0.32. WhiteHorse Finance posted earnings of $0.37 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 29.7%. The firm is expected to report its next earnings report on Wednesday, August 5th.
According to Zacks, analysts expect that WhiteHorse Finance will report full year earnings of $1.19 per share for the current fiscal year, with EPS estimates ranging from $1.00 to $1.32. For the next year, analysts anticipate that the firm will post earnings of $1.27 per share, with EPS estimates ranging from $1.01 to $1.50. Zacks’ EPS calculations 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 Monday, May 11th. The investment management company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.07). The business had revenue of $14.53 million for the quarter, compared to analysts’ expectations of $17.12 million. WhiteHorse Finance had a return on equity of 9.68% and a net margin of 4.38%.
WHF stock traded up $0.02 during trading on Friday, hitting $10.29. 2,797 shares of the company’s stock were exchanged, compared to its average volume of 126,838. The business has a 50-day moving average price of $10.09 and a two-hundred day moving average price of $11.22. The stock has a market capitalization of $211.62 million, a price-to-earnings ratio of 61.12 and a beta of 1.32. WhiteHorse Finance has a 52-week low of $5.51 and a 52-week high of $14.45. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.02.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Friday, June 19th will be issued a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 13.80%. The ex-dividend date of this dividend is Thursday, June 18th. WhiteHorse Finance’s dividend payout ratio is presently 93.42%.
Hedge funds have recently made changes to their positions in the stock. Resource America Inc. grew its stake in WhiteHorse Finance by 77.4% during the 1st quarter. Resource America Inc. now owns 524,959 shares of the investment management company’s stock valued at $3,717,000 after purchasing an additional 229,105 shares in the last quarter. UBS Group AG lifted its holdings in shares of WhiteHorse Finance by 49.5% in the 4th quarter. UBS Group AG now owns 472,937 shares of the investment management company’s stock worth $6,479,000 after purchasing an additional 156,542 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of WhiteHorse Finance by 87.5% in the 1st quarter. Acadian Asset Management LLC now owns 213,425 shares of the investment management company’s stock worth $1,512,000 after purchasing an additional 99,604 shares during the last quarter. Bulldog Investors LLC lifted its holdings in shares of WhiteHorse Finance by 217.9% in the 4th quarter. Bulldog Investors LLC now owns 110,085 shares of the investment management company’s stock worth $1,508,000 after purchasing an additional 75,455 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of WhiteHorse Finance in the 1st quarter worth approximately $530,000. 19.01% of the stock is currently owned by hedge funds and other institutional investors.
WhiteHorse Finance Company Profile
WhiteHorse Finance, Inc is a managed, non-diversified, closed-end management investment company which operates as a direct lender targeting debt investments in privately held, lower middle market companies located in the United States. Its investment objective is to generate returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing lower middle market companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate.
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