FY2023 Earnings Estimate for WhiteHorse Finance, Inc. (NASDAQ:WHF) Issued By Oppenheimer

WhiteHorse Finance, Inc. (NASDAQ:WHFGet Rating) – Equities researchers at Oppenheimer raised their FY2023 earnings estimates for shares of WhiteHorse Finance in a research report issued to clients and investors on Monday, November 14th. Oppenheimer analyst M. Penn now anticipates that the investment management company will earn $1.78 per share for the year, up from their previous forecast of $1.53. The consensus estimate for WhiteHorse Finance’s current full-year earnings is $1.48 per share.

A number of other brokerages have also commented on WHF. Raymond James decreased their price objective on shares of WhiteHorse Finance from $16.00 to $15.50 and set an “outperform” rating on the stock in a report on Thursday, August 11th. Hovde Group decreased their target price on shares of WhiteHorse Finance to $13.00 in a research note on Wednesday, October 5th. JPMorgan Chase & Co. cut shares of WhiteHorse Finance from a “neutral” rating to an “underweight” rating and set a $14.00 price objective for the company. in a research report on Tuesday, September 6th. They noted that the move was a valuation call. B. Riley began coverage on WhiteHorse Finance in a research note on Friday, October 14th. They issued a “buy” rating and a $12.00 price target for the company. Finally, LADENBURG THALM/SH SH lowered their target price on WhiteHorse Finance to $14.00 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $13.70.

WhiteHorse Finance Trading Down 1.2 %

Shares of WHF stock opened at $13.16 on Thursday. The stock has a market cap of $305.88 million, a price-to-earnings ratio of 14.95 and a beta of 1.29. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.98 and a current ratio of 1.71. The firm has a fifty day moving average of $12.36 and a 200-day moving average of $13.40. WhiteHorse Finance has a 52-week low of $10.57 and a 52-week high of $16.20.

Institutional Investors Weigh In On WhiteHorse Finance

Large investors have recently made changes to their positions in the business. Great West Life Assurance Co. Can raised its stake in shares of WhiteHorse Finance by 17.9% in the first quarter. Great West Life Assurance Co. Can now owns 6,167 shares of the investment management company’s stock worth $99,000 after purchasing an additional 937 shares during the last quarter. Royal Bank of Canada increased its position in WhiteHorse Finance by 10.1% during the first quarter. Royal Bank of Canada now owns 10,885 shares of the investment management company’s stock valued at $164,000 after acquiring an additional 998 shares during the last quarter. Commonwealth Equity Services LLC increased its position in WhiteHorse Finance by 7.2% during the third quarter. Commonwealth Equity Services LLC now owns 16,747 shares of the investment management company’s stock valued at $185,000 after acquiring an additional 1,129 shares during the last quarter. Avantax Advisory Services Inc. increased its position in WhiteHorse Finance by 10.0% during the second quarter. Avantax Advisory Services Inc. now owns 17,322 shares of the investment management company’s stock valued at $228,000 after acquiring an additional 1,576 shares during the last quarter. Finally, Capital Analysts LLC purchased a new stake in WhiteHorse Finance during the second quarter valued at $37,000. 12.16% of the stock is currently owned by institutional investors.

WhiteHorse Finance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Wednesday, December 21st will be given a $0.355 dividend. The ex-dividend date is Tuesday, December 20th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.79%. WhiteHorse Finance’s dividend payout ratio is currently 161.37%.

About WhiteHorse Finance

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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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