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WHF Overview

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0.000(0.000%)Aft-market
ET
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0.000
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Intellectia

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High
7.570
Open
7.535
VWAP
7.53
Vol
109.52K
Mkt Cap
168.53M
Low
7.440
Amount
824.32K
EV/EBITDA(TTM)
--
Total Shares
22.23M
EV
485.33M
EV/OCF(TTM)
6.28
P/S(TTM)
--
WhiteHorse Finance, Inc. is an externally managed, non-diversified, closed-end management investment company. 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 lower middle market companies across a broad range of industries. It focuses principally on originating senior secured loans to lower middle market companies, it may also opportunistically make investments at other levels of a company’s capital structure, including mezzanine loans or equity interests, and may receive warrants to purchase common stock in connection with its debt investments. The Company’s investment advisor is H.I.G. WhiteHorse Advisers, LLC.
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Events Timeline

(ET)
2026-03-02
07:41:00
WhiteHorse Finance Reports NAV of $11.68 per Share
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2025-11-10 (ET)
2025-11-10
07:35:00
WhiteHorse Finance Launches $15 Million Share Buyback Initiative
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2025-11-10
07:33:21
WhiteHorse Finance Announces Q3 EPS of 26.3c, Below Consensus Estimate of 29c
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2025-10-15 (ET)
2025-10-15
16:07:05
WhiteHorse Finance announces special dividend of 3.5 cents per share
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2025-08-07 (ET)
2025-08-07
07:32:10
WhiteHorse Finance reports Q2 NII 28.2c, consensus 31c
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2025-05-12 (ET)
2025-05-12
16:46:38
WhiteHorse Finance reports Q1 NII 29.4c, consensus 33c
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News

seekingalpha
9.5
03-02seekingalpha
WhiteHorse Finance Reports Improved Q4 2025 Earnings and NAV Performance
  • Financial Performance Improvement: WhiteHorse Finance reported GAAP net investment income and core NII of $6.6 million or $0.287 per share in Q4 2025, reflecting an increase from $6.1 million and $0.263 per share in Q3, indicating enhanced profitability.
  • NAV Growth: NAV per share rose to $11.68, driven by share repurchases and net realized and unrealized gains, demonstrating the company's proactive efforts to enhance shareholder value.
  • Share Repurchase Program Expansion: The company repurchased approximately 1 million shares for about $7.4 million in Q4 and received board approval for an additional $7.5 million in buybacks, bringing total authorization to $22.5 million, showcasing management's confidence in the stock's valuation.
  • Optimistic Future Outlook: Management projected that approximately 30% of the portfolio could repay in 2026, and while the pipeline for new deals is thin, they remain cautiously optimistic about M&A activity, emphasizing a continued priority on share repurchases to narrow the NAV discount.
seekingalpha
9.5
03-02seekingalpha
WhiteHorse Finance FY NII Exceeds Expectations
  • NII Performance: WhiteHorse Finance reported a FY NII of $1.13 million, exceeding expectations by $0.02 million, demonstrating effective interest income management despite challenging investment conditions.
  • Investment Income Decline: Total investment income stood at $72.67 million, down 21.7% year-over-year, yet it beat market expectations by $0.5 million, indicating the company's ability to maintain revenue stability in adverse conditions.
  • Positive Market Reaction: Despite the decline in investment income, the market reacted positively to WhiteHorse Finance, suggesting investor optimism regarding the company's future profitability and management capabilities, which may influence stock price movements.
  • Financial Health: The robustness of the company's financial data and the exceeding NII may enhance investor confidence, promoting future capital inflows and shareholder returns, thereby solidifying its market position.
PRnewswire
9.5
03-02PRnewswire
WhiteHorse Finance Reports Q4 and Full Year 2025 Financial Results
  • Declining Financial Performance: WhiteHorse Finance reported a net investment income of approximately $6.6 million for Q4 2025, a 17.5% decrease year-over-year, and $26.1 million for the full year, down 29.8%, primarily due to lower yields and a reduced portfolio size, indicating challenges in a competitive market environment.
  • Portfolio Adjustments: As of December 31, 2025, the fair value of WhiteHorse Finance's investment portfolio was $578.6 million, down 8.7% from 2024, with 129 positions yielding an average effective return of 9.1%, reflecting ongoing efforts to manage underperforming assets effectively.
  • Dividend Policy Update: The board declared a distribution of $0.25 per share and a supplemental distribution of $0.01 per share for Q1 2026, payable on April 6, 2026, demonstrating the company's commitment to maintaining cash flow stability and returning value to shareholders.
  • Liquidity Position: As of December 31, 2025, the company had cash and cash equivalents of $29.7 million, significantly down from $45.9 million as of September 30, 2025, indicating a need for further optimization in capital management and liquidity to meet future investment demands.
Newsfilter
9.5
03-02Newsfilter
WhiteHorse Finance Reports Q4 and Full Year 2025 Financial Results
  • Decline in Net Asset Value: As of December 31, 2025, WhiteHorse Finance reported a net asset value of $259.8 million, or $11.68 per share, down 5.1% from $12.31 per share in 2024, reflecting market pressures and declining portfolio yields.
  • Decrease in Investment Income: The company recorded a net investment income of $26.1 million for the year 2025, or $1.127 per share, representing a 29.8% decline from $37.2 million in 2024, primarily due to lower yields and a reduced portfolio size, indicating challenges in a competitive market environment.
  • Dividend Policy Adjustment: The board declared a distribution of $0.25 per share and a supplemental distribution of $0.01 per share for Q1 2026, maintaining dividend stability; however, the overall decline in earnings may affect investor confidence and requires monitoring for future sustainability.
  • Stock Buyback Program Expansion: The board approved a $7.5 million increase in the authorized amount for the stock repurchase program, raising the total to $22.5 million, indicating the company's commitment to enhancing shareholder value despite financial pressures.
seekingalpha
9.5
02-27seekingalpha
WhiteHorse Finance to Announce Q4 Earnings on March 2
  • Earnings Announcement Timing: WhiteHorse Finance is set to announce its Q4 2023 earnings on March 2 before the market opens, with investors keenly awaiting its performance and future outlook.
  • Declining EPS Expectations: The consensus EPS estimate stands at $0.27, reflecting a 20.6% year-over-year decline, indicating pressure on the company's profitability which may affect investor confidence.
  • Revenue Forecast Drop: The consensus revenue estimate is $16.91 million, down 19.5% year-over-year, highlighting challenges in revenue growth that could lead to a reassessment of the company's future growth potential by the market.
  • Historical Performance Review: Over the past two years, WhiteHorse Finance has only beaten EPS estimates 38% of the time and revenue estimates 50% of the time, indicating performance volatility that necessitates cautious evaluation of its financial stability by investors.
PRnewswire
9.5
02-20PRnewswire
WhiteHorse Finance Schedules Q4 and Full Year 2025 Earnings Release
  • Earnings Release Schedule: WhiteHorse Finance will release its Q4 and full year 2025 financial results on March 2, 2026, reflecting the company's commitment to transparency and aiming to bolster investor confidence.
  • Teleconference Details: The company will hold a teleconference at 1:30 p.m. ET on the same day, allowing investors to dial in at 800-267-6316 or +1 203-518-9783, ensuring timely communication of financial results.
  • Replay Availability: For those unable to attend the live call, a replay will be accessible approximately two hours after the call's conclusion via 800-839-2417 or +1 402-220-7209, enhancing the convenience of information access for investors.
  • Company Background: WhiteHorse Finance is a business development company focused on lending to privately held lower middle-market companies, managing over $74 billion in capital, showcasing its robust investment capabilities in the small and mid-cap markets.
Wall Street analysts forecast WHF stock price to rise
1 Analyst Rating
Wall Street analysts forecast WHF stock price to rise
0 Buy
1 Hold
0 Sell
Hold
Current: 0.000
sliders
Low
7.50
Averages
7.50
High
7.50
Current: 0.000
sliders
Low
7.50
Averages
7.50
High
7.50
B. Riley
Neutral
downgrade
$9
AI Analysis
2025-11-12
Reason
B. Riley
Price Target
$9
AI Analysis
2025-11-12
downgrade
Neutral
Reason
B. Riley lowered the firm's price target on WhiteHorse Finance to $7.50 from $9 and keeps a Neutral rating on the shares. WhiteHorse's Q3 results fell short of covering the dividend, and NAV/share declined, though non-accruals improved as MSI Information Systems returned to accrual, the analyst tells investors in a research note. Risk/reward appears balanced amid muted valuation expansion prospects due to current earnings coverage and credit levels, the firm says.
JPMorgan
Underweight
downgrade
$8
2025-10-01
Reason
JPMorgan
Price Target
$8
2025-10-01
downgrade
Underweight
Reason
JPMorgan lowered the firm's price target on WhiteHorse Finance to $6.50 from $8 and keeps an Underweight rating on the shares as part of a Q3 preview for the business development company group. The sector continued to experience volatility in the quarter as capital markets have begun to weigh the impact of expected interest rate cuts by the Federal Reserve, the analyst tells investors in a research note.
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Valuation Metrics

The current forward P/E ratio for WhiteHorse Finance Inc (WHF.O) is 3.99, compared to its 5-year average forward P/E of 7.57. For a more detailed relative valuation and DCF analysis to assess WhiteHorse Finance Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
7.57
Current PE
3.99
Overvalued PE
9.55
Undervalued PE
5.58

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
0.00
Current EV/EBITDA
0.00
Overvalued EV/EBITDA
0.00
Undervalued EV/EBITDA
0.00

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
3.12
Current PS
1.66
Overvalued PS
3.93
Undervalued PS
2.32

Financials

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Frequently Asked Questions

What is WhiteHorse Finance Inc (WHF) stock price today?

The current price of WHF is 7.57 USD — it has decreased -0.13

What is WhiteHorse Finance Inc (WHF)'s business?

WhiteHorse Finance, Inc. is an externally managed, non-diversified, closed-end management investment company. 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 lower middle market companies across a broad range of industries. It focuses principally on originating senior secured loans to lower middle market companies, it may also opportunistically make investments at other levels of a company’s capital structure, including mezzanine loans or equity interests, and may receive warrants to purchase common stock in connection with its debt investments. The Company’s investment advisor is H.I.G. WhiteHorse Advisers, LLC.

What is the price predicton of WHF Stock?

Wall Street analysts forecast WHF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WHF is7.50 USD with a low forecast of 7.50 USD and a high forecast of 7.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is WhiteHorse Finance Inc (WHF)'s revenue for the last quarter?

WhiteHorse Finance Inc revenue for the last quarter amounts to -19.39M USD, decreased -214.49

What is WhiteHorse Finance Inc (WHF)'s earnings per share (EPS) for the last quarter?

WhiteHorse Finance Inc. EPS for the last quarter amounts to 0.36 USD, increased 111.76

How many employees does WhiteHorse Finance Inc (WHF). have?

WhiteHorse Finance Inc (WHF) has 3 emplpoyees as of March 11 2026.

What is WhiteHorse Finance Inc (WHF) market cap?

Today WHF has the market capitalization of 168.53M USD.