WhiteHorse Finance Inc (NASDAQ:WHF) – Investment analysts at B. Riley reduced their Q4 2019 earnings estimates for shares of WhiteHorse Finance in a research report issued to clients and investors on Wednesday, November 7th. B. Riley analyst T. Hayes now expects that the investment management company will post earnings of $0.38 per share for the quarter, down from their prior estimate of $0.39. B. Riley currently has a “Buy” rating and a $15.00 target price on the stock. B. Riley also issued estimates for WhiteHorse Finance’s Q1 2020 earnings at $0.40 EPS and Q3 2020 earnings at $0.40 EPS.
WHF has been the topic of several other reports. BidaskClub upgraded shares of WhiteHorse Finance from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 12th. JPMorgan Chase & Co. upped their target price on shares of WhiteHorse Finance from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Monday, July 23rd. Zacks Investment Research upgraded shares of WhiteHorse Finance from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Thursday, November 1st. ValuEngine upgraded shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, TheStreet cut shares of WhiteHorse Finance from a “b” rating to a “c+” rating in a research report on Wednesday, October 24th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. WhiteHorse Finance currently has an average rating of “Buy” and an average target price of $14.25.
Shares of NASDAQ WHF opened at $13.70 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a market cap of $282.30 million, a PE ratio of 9.61 and a beta of 0.75. WhiteHorse Finance has a 12-month low of $10.92 and a 12-month high of $15.80.
WhiteHorse Finance (NASDAQ:WHF) last announced its earnings results on Tuesday, November 6th. The investment management company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. The firm had revenue of $15.32 million for the quarter, compared to analysts’ expectations of $15.61 million. WhiteHorse Finance had a net margin of 100.60% and a return on equity of 9.94%.
A number of institutional investors have recently bought and sold shares of WHF. Legal & General Group Plc purchased a new stake in WhiteHorse Finance in the 2nd quarter worth about $982,000. Millennium Management LLC purchased a new stake in WhiteHorse Finance in the 2nd quarter worth about $853,000. Resource America Inc. raised its position in WhiteHorse Finance by 19.6% in the 3rd quarter. Resource America Inc. now owns 301,636 shares of the investment management company’s stock worth $4,193,000 after purchasing an additional 49,376 shares during the period. Macquarie Group Ltd. raised its position in WhiteHorse Finance by 81.6% in the 2nd quarter. Macquarie Group Ltd. now owns 39,748 shares of the investment management company’s stock worth $577,000 after purchasing an additional 17,861 shares during the period. Finally, Eqis Capital Management Inc. purchased a new position in shares of WhiteHorse Finance during the second quarter worth approximately $200,000. 8.84% of the stock is currently owned by institutional investors.
About WhiteHorse Finance
WhiteHorse Finance, LLC is a business development company.
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