Analysts Expect WhiteHorse Finance Inc (WHF) Will Announce Quarterly Sales of $16.11 Million
Brokerages expect that WhiteHorse Finance Inc (NASDAQ:WHF) will post sales of $16.11 million for the current quarter, according to Zacks. Two analysts have issued estimates for WhiteHorse Finance’s earnings. The highest sales estimate is $16.43 million and the lowest is $15.78 million. WhiteHorse Finance reported sales of $14.65 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 10%. The company is expected to announce its next earnings results on Wednesday, August 14th.
On average, analysts expect that WhiteHorse Finance will report full-year sales of $65.89 million for the current financial year, with estimates ranging from $64.25 million to $67.52 million. For the next year, analysts forecast that the business will report sales of $73.32 million, with estimates ranging from $71.31 million to $75.33 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow WhiteHorse Finance.
WhiteHorse Finance (NASDAQ:WHF) last issued its quarterly earnings data on Wednesday, March 6th. The investment management company reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.04. The firm had revenue of $16.67 million for the quarter, compared to the consensus estimate of $15.73 million. WhiteHorse Finance had a net margin of 80.64% and a return on equity of 9.50%.
Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in shares of WhiteHorse Finance by 4.3% in the 1st quarter. BlackRock Inc. now owns 39,552 shares of the investment management company’s stock worth $562,000 after purchasing an additional 1,635 shares in the last quarter. Mid Atlantic Financial Management Inc. ADV raised its holdings in shares of WhiteHorse Finance by 13.3% in the 1st quarter. Mid Atlantic Financial Management Inc. ADV now owns 16,195 shares of the investment management company’s stock worth $230,000 after purchasing an additional 1,907 shares in the last quarter. Citigroup Inc. raised its holdings in shares of WhiteHorse Finance by 164.4% in the 4th quarter. Citigroup Inc. now owns 4,760 shares of the investment management company’s stock worth $61,000 after purchasing an additional 2,960 shares in the last quarter. Advantage Investment Management LLC raised its holdings in shares of WhiteHorse Finance by 27.0% in the 1st quarter. Advantage Investment Management LLC now owns 18,237 shares of the investment management company’s stock worth $259,000 after purchasing an additional 3,881 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of WhiteHorse Finance by 19.1% in the 1st quarter. JPMorgan Chase & Co. now owns 24,407 shares of the investment management company’s stock worth $347,000 after purchasing an additional 3,910 shares in the last quarter. Institutional investors own 13.06% of the company’s stock.
NASDAQ:WHF traded up $0.09 during mid-day trading on Wednesday, hitting $14.20. The stock had a trading volume of 49,850 shares, compared to its average volume of 48,667. The company has a market cap of $291.75 million, a PE ratio of 9.47 and a beta of 0.73. WhiteHorse Finance has a 52 week low of $11.89 and a 52 week high of $15.80. The company has a quick ratio of 1.83, a current ratio of 1.51 and a debt-to-equity ratio of 0.56.
About WhiteHorse Finance
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.
Featured Article: How do CD ladders protect against rising interest rates?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for WhiteHorse Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WhiteHorse Finance and related companies with MarketBeat.com's FREE daily email newsletter.