$12.94 Million in Sales Expected for WhiteHorse Finance, Inc. (WHF) This Quarter
Wall Street brokerages expect that WhiteHorse Finance, Inc. (NASDAQ:WHF) will report sales of $12.94 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for WhiteHorse Finance’s earnings, with the lowest sales estimate coming in at $11.78 million and the highest estimate coming in at $14.10 million. WhiteHorse Finance reported sales of $13.36 million in the same quarter last year, which indicates a negative year over year growth rate of 3.1%. The firm is expected to announce its next quarterly earnings results on Thursday, March 1st.
On average, analysts expect that WhiteHorse Finance will report full year sales of $12.94 million for the current year, with estimates ranging from $45.28 million to $55.00 million. For the next fiscal year, analysts anticipate that the firm will post sales of $54.25 million per share, with estimates ranging from $49.10 million to $59.40 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for WhiteHorse Finance.
WhiteHorse Finance (NASDAQ:WHF) last announced its quarterly earnings results on Tuesday, November 7th. The investment management company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.04). WhiteHorse Finance had a net margin of 64.58% and a return on equity of 9.69%. The firm had revenue of $13.02 million during the quarter, compared to the consensus estimate of $12.94 million.
Shares of WhiteHorse Finance (NASDAQ WHF) traded down $0.10 during trading hours on Friday, reaching $12.45. 135,888 shares of the company’s stock traded hands, compared to its average volume of 53,902. WhiteHorse Finance has a 1 year low of $12.14 and a 1 year high of $15.05. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.02 and a current ratio of 3.02. The company has a market cap of $255.62, a P/E ratio of 6.69 and a beta of 0.66.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in WhiteHorse Finance by 39.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,944 shares of the investment management company’s stock worth $295,000 after purchasing an additional 5,664 shares during the period. Telemus Capital LLC purchased a new position in WhiteHorse Finance in the 3rd quarter worth $148,000. Eqis Capital Management Inc. purchased a new position in WhiteHorse Finance in the 4th quarter worth $138,000. Susquehanna International Group LLP purchased a new position in WhiteHorse Finance in the 3rd quarter worth $174,000. Finally, OxFORD Asset Management LLP purchased a new position in WhiteHorse Finance in the 2nd quarter worth $200,000. 9.27% of the stock is owned by institutional investors.
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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