Equities analysts expect WhiteHorse Finance Inc (NASDAQ:WHF) to announce sales of $15.46 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for WhiteHorse Finance’s earnings. The highest sales estimate is $15.61 million and the lowest is $15.31 million. WhiteHorse Finance reported sales of $16.61 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 6.9%. The company is scheduled to issue its next earnings results on Tuesday, May 14th.
According to Zacks, analysts expect that WhiteHorse Finance will report full year sales of $65.78 million for the current fiscal year, with estimates ranging from $64.45 million to $67.10 million. For the next fiscal year, analysts anticipate that the company will report sales of $73.24 million, with estimates ranging from $73.17 million to $73.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow WhiteHorse Finance.
A number of analysts have recently issued reports on WHF shares. BidaskClub raised shares of WhiteHorse Finance from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 9th. Zacks Investment Research upgraded shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a research note on Friday, March 8th. Finally, JPMorgan Chase & Co. cut shares of WhiteHorse Finance from a “neutral” rating to an “underweight” rating and set a $13.50 price objective for the company. in a report on Wednesday, January 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $14.17.
NASDAQ WHF traded down $0.03 during trading hours on Friday, hitting $13.96. The company’s stock had a trading volume of 48,254 shares, compared to its average volume of 60,558. WhiteHorse Finance has a 12 month low of $11.89 and a 12 month high of $15.80. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.83 and a current ratio of 1.83. The company has a market capitalization of $287.44 million, a price-to-earnings ratio of 9.31 and a beta of 0.73.
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Tuesday, March 26th were paid a $0.355 dividend. The ex-dividend date of this dividend was Monday, March 25th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.17%. WhiteHorse Finance’s dividend payout ratio (DPR) is currently 94.67%.
A number of institutional investors have recently bought and sold shares of the stock. Citigroup Inc. boosted its position in WhiteHorse Finance by 164.4% in the fourth 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 during the last quarter. Advisor Group Inc. increased its position in shares of WhiteHorse Finance by 588.5% during the 4th quarter. Advisor Group Inc. now owns 13,164 shares of the investment management company’s stock valued at $167,000 after purchasing an additional 11,252 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD bought a new position in shares of WhiteHorse Finance in the 4th quarter worth approximately $399,000. Finally, Legal & General Group Plc lifted its stake in shares of WhiteHorse Finance by 17.9% in the 3rd quarter. Legal & General Group Plc now owns 79,620 shares of the investment management company’s stock worth $1,112,000 after purchasing an additional 12,060 shares during the period. Institutional investors own 12.57% of the company’s stock.
WhiteHorse Finance Company Profile
WhiteHorse Finance, LLC is a business development company.
Further Reading: How is diluted EPS different from basic EPS?
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.