Equities Analysts Issue Forecasts for WhiteHorse Finance, Inc.’s FY2021 Earnings (NASDAQ:WHF)

WhiteHorse Finance, Inc. (NASDAQ:WHF) – Oppenheimer upped their FY2021 earnings per share estimates for shares of WhiteHorse Finance in a research note issued to investors on Tuesday, May 11th. Oppenheimer analyst C. Kotowski now expects that the investment management company will earn $1.49 per share for the year, up from their prior estimate of $1.47. Oppenheimer also issued estimates for WhiteHorse Finance’s Q1 2022 earnings at $0.37 EPS, Q4 2022 earnings at $0.38 EPS and FY2022 earnings at $1.51 EPS.

WhiteHorse Finance (NASDAQ:WHF) last issued its quarterly earnings results on Monday, May 10th. The investment management company reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.02. WhiteHorse Finance had a net margin of 27.50% and a return on equity of 9.08%.

WHF has been the topic of several other research reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $15.50 target price (up previously from $14.50) on shares of WhiteHorse Finance in a report on Monday, May 3rd. Raymond James increased their target price on shares of WhiteHorse Finance from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, March 9th. B. Riley reissued a “neutral” rating on shares of WhiteHorse Finance in a report on Monday, February 22nd. Finally, Zacks Investment Research lowered shares of WhiteHorse Finance from a “buy” rating to a “hold” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $14.33.

WHF stock opened at $15.25 on Thursday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 1.33. WhiteHorse Finance has a 52 week low of $8.01 and a 52 week high of $16.72. The firm’s fifty day moving average is $15.62 and its 200 day moving average is $14.11. The firm has a market cap of $314.12 million, a P/E ratio of 17.53 and a beta of 1.38.

Large investors have recently bought and sold shares of the company. Sound Income Strategies LLC lifted its position in shares of WhiteHorse Finance by 62.4% in the 1st quarter. Sound Income Strategies LLC now owns 129,008 shares of the investment management company’s stock worth $1,957,000 after purchasing an additional 49,562 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of WhiteHorse Finance by 10.5% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 82,662 shares of the investment management company’s stock worth $1,125,000 after purchasing an additional 7,849 shares during the period. Virtu Financial LLC purchased a new stake in shares of WhiteHorse Finance in the 4th quarter worth about $387,000. BlackRock Inc. lifted its position in shares of WhiteHorse Finance by 2.4% in the 4th quarter. BlackRock Inc. now owns 101,663 shares of the investment management company’s stock worth $1,384,000 after purchasing an additional 2,405 shares during the period. Finally, Powell Investment Advisors LLC purchased a new stake in shares of WhiteHorse Finance in the 4th quarter worth about $145,000.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 2nd. Shareholders of record on Friday, June 18th will be issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 9.31%. The ex-dividend date of this dividend is Thursday, June 17th. WhiteHorse Finance’s dividend payout ratio (DPR) is presently 93.42%.

WhiteHorse Finance Company Profile

WhiteHorse Finance, LLC is a business development company.

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Earnings History and Estimates for WhiteHorse Finance (NASDAQ:WHF)

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