Equities research analysts expect WhiteHorse Finance, Inc. (NASDAQ:WHF) to announce earnings of $0.33 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for WhiteHorse Finance’s earnings. The lowest EPS estimate is $0.31 and the highest is $0.34. WhiteHorse Finance posted earnings per share of $0.35 in the same quarter last year, which indicates a negative year-over-year growth rate of 5.7%. The business is expected to announce its next quarterly earnings report before the market opens on Friday, March 2nd.

On average, analysts expect that WhiteHorse Finance will report full-year earnings of $1.32 per share for the current year, with EPS estimates ranging from $1.29 to $1.35. For the next financial year, analysts forecast that the business will report earnings of $1.36 per share, with EPS estimates ranging from $1.27 to $1.45. Zacks’ earnings per share averages are an average based on a survey of research firms that follow WhiteHorse Finance.

A number of equities analysts have commented on WHF shares. BidaskClub raised shares of WhiteHorse Finance from a “strong sell” rating to a “sell” rating in a research note on Monday, February 5th. Ladenburg Thalmann Financial Services started coverage on shares of WhiteHorse Finance in a research note on Tuesday, December 19th. They issued a “neutral” rating for the company. ValuEngine cut shares of WhiteHorse Finance from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 7th. Zacks Investment Research cut shares of WhiteHorse Finance from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 10th. Finally, Oppenheimer assumed coverage on shares of WhiteHorse Finance in a research note on Thursday, November 30th. They issued a “buy” rating and a $15.00 price objective for the company. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $15.00.

Shares of WhiteHorse Finance (NASDAQ WHF) traded down $0.17 during trading hours on Friday, hitting $11.82. 87,600 shares of the company’s stock were exchanged, compared to its average volume of 57,019. WhiteHorse Finance has a 1-year low of $11.78 and a 1-year high of $15.05. The stock has a market cap of $246.18, a PE ratio of 6.39 and a beta of 0.66. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.64.

Several hedge funds have recently added to or reduced their stakes in WHF. IFP Advisors Inc purchased a new position in shares of WhiteHorse Finance during the 3rd quarter worth about $743,000. Macquarie Group Ltd. purchased a new stake in WhiteHorse Finance in the 3rd quarter valued at about $539,000. Goldman Sachs Group Inc. boosted its position in WhiteHorse Finance by 211.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 46,229 shares of the investment management company’s stock valued at $618,000 after buying an additional 31,367 shares during the period. AXA boosted its position in WhiteHorse Finance by 161.6% in the 4th quarter. AXA now owns 33,217 shares of the investment management company’s stock valued at $446,000 after buying an additional 20,517 shares during the period. Finally, OxFORD Asset Management LLP purchased a new stake in WhiteHorse Finance in the 2nd quarter valued at about $200,000. 9.23% of the stock is owned by hedge funds and other institutional investors.

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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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