Q3 2023 EPS Estimates for WhiteHorse Finance, Inc. Increased by Oppenheimer (NASDAQ:WHF)

WhiteHorse Finance, Inc. (NASDAQ:WHFGet Rating) – Research analysts at Oppenheimer increased their Q3 2023 EPS estimates for shares of WhiteHorse Finance in a research report issued to clients and investors on Thursday, August 11th. Oppenheimer analyst M. Penn now forecasts that the investment management company will post earnings per share of $0.39 for the quarter, up from their prior forecast of $0.38. The consensus estimate for WhiteHorse Finance’s current full-year earnings is $1.45 per share. Oppenheimer also issued estimates for WhiteHorse Finance’s Q4 2023 earnings at $0.39 EPS and FY2023 earnings at $1.53 EPS.

A number of other analysts have also recently commented on WHF. Hovde Group lifted their target price on shares of WhiteHorse Finance to $15.00 in a research note on Monday. TheStreet upgraded shares of WhiteHorse Finance from a “c” rating to a “b-” rating in a research note on Monday, June 6th. StockNews.com upgraded shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Raymond James decreased their price objective on shares of WhiteHorse Finance from $16.00 to $15.50 and set an “outperform” rating for the company in a research note on Thursday, August 11th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $15.25.

WhiteHorse Finance Stock Up 0.6 %

WHF stock opened at $15.13 on Monday. The firm has a 50 day moving average of $13.65 and a 200 day moving average of $14.44. The stock has a market capitalization of $351.67 million, a PE ratio of 13.63 and a beta of 1.23. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.22. WhiteHorse Finance has a 52 week low of $12.35 and a 52 week high of $16.22.

WhiteHorse Finance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Tuesday, September 20th will be issued a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 9.39%. The ex-dividend date is Monday, September 19th. WhiteHorse Finance’s dividend payout ratio (DPR) is 127.93%.

Hedge Funds Weigh In On WhiteHorse Finance

Several institutional investors have recently made changes to their positions in WHF. Sound Income Strategies LLC increased its holdings in WhiteHorse Finance by 10.8% in the 2nd quarter. Sound Income Strategies LLC now owns 341,942 shares of the investment management company’s stock worth $4,493,000 after acquiring an additional 33,278 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in WhiteHorse Finance by 4.4% in the 1st quarter. Advisors Asset Management Inc. now owns 287,517 shares of the investment management company’s stock worth $4,336,000 after acquiring an additional 12,055 shares in the last quarter. Raymond James & Associates increased its holdings in WhiteHorse Finance by 14.0% in the 1st quarter. Raymond James & Associates now owns 103,865 shares of the investment management company’s stock worth $1,566,000 after acquiring an additional 12,738 shares in the last quarter. LPL Financial LLC purchased a new stake in WhiteHorse Finance in the 2nd quarter worth $785,000. Finally, Virtus ETF Advisers LLC increased its holdings in WhiteHorse Finance by 8.2% in the 2nd quarter. Virtus ETF Advisers LLC now owns 48,214 shares of the investment management company’s stock worth $634,000 after acquiring an additional 3,657 shares in the last quarter. 13.45% of the stock is owned by hedge funds and other institutional investors.

WhiteHorse Finance Company Profile

(Get Rating)

WhiteHorse Finance, Inc is business development company, non-diversified, closed end management company specializing in originating senior secured loans, lower middle market, growth capital industries. It prefers to invest in United States. It typically invests between $5 million to $25 million in companies having enterprise value of between $50 million and $350 million.

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

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