WhiteHorse Finance Key Executives
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WhiteHorse Finance Earnings
This section highlights WhiteHorse Finance's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-03-07 | $0.39 | $0.34 |
| Read Transcript | Q3 | 2024 | 2024-11-07 | $0.42 | $0.39 |
| Read Transcript | Q2 | 2024 | 2024-08-08 | $0.44 | $0.40 |
| Read Transcript | Q1 | 2024 | 2024-05-08 | $0.46 | $0.47 |
| Read Transcript | Q4 | 2023 | 2024-02-29 | $0.46 | $0.46 |
| Read Transcript | Q3 | 2023 | 2023-11-09 | $0.46 | $0.47 |
| Read Transcript | Q2 | 2023 | 2023-08-08 | $0.46 | $0.46 |
| Read Transcript | Q1 | 2023 | 2023-05-09 | $0.44 | $0.46 |
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.
$9.57
Stock Price
$222.44M
Market Cap
2
Employees
Miami, FLORIDA
Location
Financial Statements
Access annual & quarterly financial statements for WhiteHorse Finance, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $92.82M | $103.26M | $21.35M | $35.35M | $36.02M |
| Cost of Revenue | $- | $-3.00K | $23.34M | $22.18M | $20.77M |
| Gross Profit | $92.82M | $103.26M | $-1.99M | $13.17M | $15.25M |
| Gross Profit Ratio | 100.00% | 100.00% | -9.31% | 37.30% | 42.35% |
| Research and Development Expenses | $- | $- | $0 | $0 | $0 |
| General and Administrative Expenses | $5.12M | $4.30M | $4.65M | $4.25M | $3.59M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $5.12M | $4.30M | $4.65M | $4.25M | $3.59M |
| Other Expenses | $- | $- | $-14.18M | $-12.18M | $-308.00K |
| Operating Expenses | $5.12M | $25.68M | $4.65M | $4.25M | $3.59M |
| Cost and Expenses | $5.12M | $29.67M | $49.24M | $4.25M | $3.59M |
| Interest Income | $66.40M | $87.98M | $76.45M | $63.15M | $56.63M |
| Interest Expense | $27.90M | $29.91M | $21.94M | $16.59M | $13.12M |
| Depreciation and Amortization | $- | $-73.59M | $37.52M | $34.36M | $21.07M |
| EBITDA | $- | $- | $36.05M | $46.33M | $44.72M |
| EBITDA Ratio | 0.00% | 0.00% | 325.07% | 87.96% | 90.03% |
| Operating Income | $87.69M | $73.59M | $60.22M | $31.10M | $32.43M |
| Operating Income Ratio | 94.48% | 71.27% | 282.03% | 87.96% | 90.03% |
| Total Other Income Expenses Net | $-75.72M | $-52.22M | $-40.91M | $22.18M | $-9.01M |
| Income Before Tax | $11.97M | $21.38M | $16.71M | $31.10M | $32.43M |
| Income Before Tax Ratio | 12.90% | 20.70% | 78.24% | 87.96% | 90.03% |
| Income Tax Expense | $1.12M | $965.00K | $1.02M | $1.00M | $742.00K |
| Net Income | $10.85M | $20.41M | $15.68M | $30.09M | $31.68M |
| Net Income Ratio | 11.69% | 19.77% | 73.45% | 85.12% | 87.97% |
| EPS | $0.00 | $0.88 | $0.68 | $1.42 | $1.54 |
| EPS Diluted | $0.00 | $0.88 | $0.68 | $1.42 | $1.54 |
| Weighted Average Shares Outstanding | 23.24B | 23.24B | 23.23B | 21.15B | 20.55B |
| Weighted Average Shares Outstanding Diluted | 23.24B | 23.24B | 23.23B | 21.15B | 20.55B |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.51M | $22.85M | $23.40M | $7.48M | $25.95M | $25.87M | $5.20M | $9.05M | $427.00K | $5.09M | $8.78M | $7.05M | $4.45M | $9.60M | $11.96M | $9.35M | $9.29M | $22.54M | $23.91M | $14.53M |
| Cost of Revenue | $- | $- | $5.56M | $-18.00M | $6.42M | $6.55M | $6.52M | $6.56M | $6.80M | $5.08M | $5.92M | $5.55M | $4.72M | $5.75M | $6.16M | $5.56M | $- | $- | $- | $34.26M |
| Gross Profit | $5.51M | $22.85M | $17.84M | $25.48M | $19.54M | $19.32M | $-1.33M | $2.50M | $-6.37M | $16.00K | $2.87M | $1.50M | $-269.00K | $3.85M | $5.80M | $3.79M | $9.29M | $22.54M | $23.91M | $-19.73M |
| Gross Profit Ratio | 100.00% | 100.00% | 76.20% | 340.60% | 75.30% | 74.70% | -25.50% | 27.60% | -1492.00% | 0.30% | 32.60% | 21.30% | -6.00% | 40.10% | 48.50% | 40.60% | 100.00% | 100.00% | 100.00% | -135.73% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $1.34M | $1.17M | $1.39M | $1.22M | $996.00K | $945.00K | $1.07M | $1.30M | $1.22M | $1.05M | $1.26M | $1.12M | $1.15M | $1.07M | $1.04M | $992.00K | $868.00K | $772.00K | $901.00K | $1.05M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $1.34M | $1.17M | $1.39M | $1.22M | $996.00K | $945.00K | $1.07M | $1.30M | $1.22M | $1.05M | $1.26M | $1.12M | $1.15M | $1.07M | $1.04M | $992.00K | $868.00K | $772.00K | $901.00K | $1.05M |
| Other Expenses | $4.17M | $-6.56M | $- | $-853.00K | $-8.26M | $-6.34M | $-7.11M | $-4.89M | $-14.84M | $-8.95M | $-4.89M | $- | $- | $- | $3.74M | $-8.54M | $- | $- | $- | $- |
| Operating Expenses | $5.51M | $-5.39M | $1.39M | $1.22M | $8.26M | $945.00K | $1.07M | $1.30M | $1.22M | $1.05M | $1.26M | $1.12M | $1.15M | $1.07M | $1.04M | $992.00K | $1.10M | $772.00K | $901.00K | $1.05M |
| Cost and Expenses | $5.51M | $-5.39M | $8.55M | $1.22M | $14.68M | $945.00K | $1.07M | $1.30M | $49.24M | $1.05M | $1.26M | $1.12M | $1.15M | $1.07M | $1.04M | $992.00K | $1.10M | $772.00K | $901.00K | $1.05M |
| Interest Income | $17.23M | $16.35M | $19.77M | $20.48M | $22.07M | $19.99M | $21.64M | $21.83M | $22.00M | $18.97M | $17.56M | $17.93M | $16.63M | $16.10M | $14.89M | $15.53M | $15.21M | $14.90M | $12.75M | $13.77M |
| Interest Expense | $6.50M | $6.93M | $7.14M | $7.33M | $7.50M | $7.56M | $7.33M | $7.53M | $6.59M | $5.63M | $4.95M | $4.77M | $5.14M | $3.84M | $3.81M | $3.80M | $3.46M | $2.77M | $3.22M | $3.67M |
| Depreciation and Amortization | $- | $-18.80M | $- | $-18.44M | $-18.39M | $-18.55M | $-18.18M | $-18.48M | $-18.09M | $-15.60M | $-13.00M | $-13.54M | $-12.75M | $-11.73M | $-10.31M | $-11.59M | $-10.58M | $-8.84M | $-8.66M | $-9.95M |
| EBITDA | $- | $9.81M | $14.85M | $-12.18M | $- | $-12.77M | $-14.04M | $-3.44M | $-12.29M | $-11.55M | $-1.40M | $-2.75M | $-9.45M | $326.00K | $4.05M | $440.00K | $1.31M | $15.70M | $17.57M | $-21.53M |
| EBITDA Ratio | 0.00% | 42.94% | 63.45% | 148.51% | 43.45% | 42.48% | 208.62% | 204.10% | 8702.81% | 189.83% | 141.98% | 151.87% | 189.54% | 128.92% | 123.13% | 130.05% | 127.94% | 108.86% | 109.71% | -117.73% |
| Operating Income | $-21.33M | $28.24M | $14.85M | $11.11M | $11.28M | $10.99M | $10.84M | $15.28M | $27.97M | $9.67M | $12.47M | $10.71M | $8.44M | $12.37M | $14.72M | $12.16M | $11.89M | $24.54M | $26.23M | $-17.11M |
| Operating Income Ratio | -387.08% | 123.60% | 63.45% | 148.51% | 43.45% | 42.48% | 208.62% | 168.78% | 6550.35% | 189.83% | 141.98% | 151.87% | 189.54% | 128.92% | 123.13% | 130.05% | 127.94% | 108.86% | 109.71% | -117.73% |
| Total Other Income Expenses Net | $25.50M | $-34.81M | $-6.87M | $-12.18M | $-14.96M | $- | $-14.21M | $-10.72M | $-18.88M | $-9.65M | $-5.47M | $-7.61M | $-5.14M | $-3.21M | $600.00K | $-3.23M | $-2.38M | $12.93M | $14.35M | $-16.36M |
| Income Before Tax | $4.17M | $-6.56M | $7.84M | $6.26M | $3.43M | $10.99M | $4.13M | $7.76M | $-788.00K | $4.04M | $7.52M | $5.93M | $3.30M | $8.53M | $10.91M | $8.36M | $8.20M | $21.77M | $23.01M | $-20.78M |
| Income Before Tax Ratio | 75.65% | -28.73% | 33.50% | 83.71% | 13.20% | 42.48% | 79.49% | 85.66% | -184.54% | 79.29% | 85.68% | 84.14% | 74.15% | 88.88% | 91.26% | 89.39% | 88.19% | 96.58% | 96.23% | -142.97% |
| Income Tax Expense | $268.00K | $294.00K | $267.00K | $292.00K | $290.00K | $175.00K | $250.00K | $250.00K | $430.00K | $195.00K | $175.00K | $224.00K | $159.00K | $253.00K | $402.00K | $190.00K | $229.00K | $137.00K | $198.00K | $178.00K |
| Net Income | $3.90M | $-6.86M | $7.84M | $5.97M | $3.43M | $10.99M | $3.88M | $7.51M | $-1.22M | $3.85M | $7.35M | $5.71M | $3.14M | $8.28M | $10.51M | $8.17M | $8.20M | $21.63M | $22.81M | $-20.96M |
| Net Income Ratio | 70.79% | -30.01% | 33.50% | 79.81% | 13.20% | 42.48% | 74.68% | 82.90% | -285.25% | 75.47% | 83.68% | 80.96% | 70.58% | 86.24% | 87.90% | 87.36% | 88.19% | 95.97% | 95.40% | -144.20% |
| EPS | $0.17 | $-0.30 | $0.34 | $0.26 | $0.15 | $0.47 | $0.17 | $0.32 | $-0.05 | $0.17 | $0.32 | $0.25 | $0.15 | $0.40 | $0.51 | $0.40 | $0.40 | $1.06 | $1.11 | $-1.02 |
| EPS Diluted | $0.17 | $-0.30 | $0.34 | $0.26 | $0.15 | $0.47 | $0.17 | $0.32 | $-0.05 | $0.17 | $0.32 | $0.25 | $0.15 | $0.40 | $0.51 | $0.40 | $0.40 | $1.06 | $1.11 | $-1.02 |
| Weighted Average Shares Outstanding | 23.24B | 23.24B | 23.24B | 23.24B | 23.24B | 23.24B | 23.24B | 23.24B | 23.24B | 23.24B | 23.24B | 23.19B | 20.85B | 20.85B | 20.63B | 20.55B | 20.55B | 20.55B | 20.55B | 20.55B |
| Weighted Average Shares Outstanding Diluted | 23.24B | 23.24B | 23.24B | 23.24B | 23.24B | 23.24B | 23.24B | 23.24B | 23.24B | 23.24B | 23.24B | 23.19B | 20.85B | 20.85B | 20.63B | 20.55B | 20.55B | 20.55B | 20.55B | 20.55B |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $26.97M | $10.75M | $9.51M | $12.19M | $8.06M |
| Short Term Investments | $-20.00K | $- | $650.53M | $- | $- |
| Cash and Short Term Investments | $26.97M | $10.75M | $660.04M | $12.19M | $8.06M |
| Net Receivables | $5.63M | $8.49M | $8.10M | $7.52M | $11.25M |
| Inventory | $- | $- | $1 | $1 | $1 |
| Other Current Assets | $- | $1.21M | $19.82M | $1.31M | $1.06M |
| Total Current Assets | $32.60M | $20.45M | $667.86M | $19.71M | $19.31M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- |
| Long Term Investments | $642.23M | $696.17M | $760.23M | $819.21M | $690.74M |
| Tax Assets | $- | $- | $796.47M | $851.02M | $718.99M |
| Other Non-Current Assets | $-642.23M | $-696.17M | $-1.45B | $-851.02M | $-718.99M |
| Total Non-Current Assets | $642.23M | $1.27B | $109.69M | $819.21M | $690.74M |
| Other Assets | $1.99M | $-557.99M | $18.92M | $12.11M | $8.94M |
| Total Assets | $676.82M | $730.75M | $796.47M | $851.02M | $718.99M |
| Account Payables | $16.45M | $13.11M | $13.35M | $12.75M | $11.37M |
| Short Term Debt | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $-29.89M | $-464.05M | $-373.88M |
| Other Current Liabilities | $-16.45M | $-13.11M | $39.37M | $-12.75M | $-11.37M |
| Total Current Liabilities | $37.23M | $27.17M | $2.33M | $12.75M | $11.37M |
| Long Term Debt | $- | $- | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $464.09M | $501.27M | $406.09M |
| Deferred Tax Liabilities Non-Current | $- | $- | $-464.09M | $-24.47M | $-21.21M |
| Other Non-Current Liabilities | $- | $- | $411.36M | $- | $- |
| Total Non-Current Liabilities | $- | $- | $461.76M | $476.80M | $384.88M |
| Other Liabilities | $390.69M | $413.98M | $- | $11.72M | $9.84M |
| Total Liabilities | $390.69M | $413.98M | $464.09M | $501.27M | $406.09M |
| Preferred Stock | $- | $- | $0 | $0 | $0 |
| Common Stock | $23.00K | $23.00K | $23.00K | $23.00K | $21.00K |
| Retained Earnings | $- | $-21.53M | $-6.88M | $10.57M | $12.87M |
| Accumulated Other Comprehensive Income Loss | $- | $-0 | $-0 | $-0 | $-0 |
| Other Total Stockholders Equity | $286.11M | $338.27M | $339.24M | $339.16M | $300.00M |
| Total Stockholders Equity | $286.13M | $316.77M | $332.39M | $349.75M | $312.90M |
| Total Equity | $286.13M | $316.77M | $747.38M | $804.08M | $682.21M |
| Total Liabilities and Stockholders Equity | $676.82M | $730.75M | $796.47M | $851.02M | $718.99M |
| Minority Interest | $- | $- | $414.99M | $454.33M | $369.31M |
| Total Liabilities and Total Equity | $676.82M | $730.75M | $796.47M | $851.02M | $718.99M |
| Total Investments | $642.21M | $696.17M | $760.23M | $819.21M | $690.74M |
| Total Debt | $- | $386.76M | $441.25M | $476.80M | $384.88M |
| Net Debt | $-26.97M | $-10.75M | $431.74M | $464.61M | $376.82M |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $12.42M | $19.80M | $21.76M | $10.72M | $24.49M | $10.63M | $10.41M | $11.75M | $9.51M | $9.86M | $9.23M | $2.45M | $12.19M | $9.58M | $10.33M | $7.70M | $8.06M | $8.86M | $2.26M | $16.45M |
| Short Term Investments | $- | $- | $- | $-8.00K | $- | $-22.00K | $6.59M | $-3.00K | $650.53M | $- | $- | $- | $- | $-186.00K | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $12.42M | $19.80M | $21.76M | $19.59M | $24.49M | $28.73M | $17.00M | $11.75M | $660.04M | $9.86M | $9.23M | $2.45M | $12.19M | $9.58M | $10.33M | $7.70M | $8.06M | $8.86M | $2.26M | $16.45M |
| Net Receivables | $5.74M | $7.61M | $20.42M | $15.18M | $8.88M | $8.45M | $18.99M | $7.84M | $8.10M | $11.14M | $12.56M | $6.77M | $7.52M | $22.72M | $7.08M | $7.35M | $11.25M | $6.96M | $6.20M | $6.41M |
| Inventory | $- | $- | $- | $28.52M | $1 | $37.82M | $25.65M | $30.46M | $1 | $1 | $32.23M | $37.51M | $1 | $25.62M | $1 | $1 | $1 | $1 | $-19.38M | $1 |
| Other Current Assets | $-5.74M | $- | $1.00M | $12.37M | $1.21M | $874.00K | $1.04M | $989.00K | $19.82M | $925.00K | $905.00K | $879.00K | $1.31M | $1.16M | $1.15M | $1.13M | $1.06M | $627.00K | $464.00K | $354.00K |
| Total Current Assets | $12.42M | $26.79M | $29.08M | $27.21M | $34.58M | $36.14M | $18.86M | $19.25M | $667.86M | $21.00M | $21.79M | $17.38M | $19.71M | $16.81M | $17.41M | $15.05M | $19.31M | $15.01M | $8.16M | $22.79M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $642.23M | $654.34M | $660.00M | $697.88M | $696.17M | $706.81M | $728.35M | $749.23M | $760.23M | $764.56M | $766.48M | $800.37M | $819.21M | $687.31M | $670.48M | $616.99M | $690.74M | $595.29M | $547.40M | $557.12M |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $-642.23M | $- | $-659.00M | $-697.88M | $-696.17M | $-706.81M | $-728.35M | $-749.23M | $-650.53M | $-764.56M | $-766.48M | $-800.37M | $-819.21M | $-687.31M | $-670.48M | $-616.99M | $-690.74M | $-595.29M | $-547.40M | $-557.12M |
| Total Non-Current Assets | $664.40M | $654.34M | $1.00M | $697.88M | $696.17M | $706.81M | $728.35M | $749.23M | $109.69M | $764.56M | $766.48M | $800.37M | $819.21M | $687.31M | $670.48M | $616.99M | $690.74M | $595.29M | $547.40M | $557.12M |
| Other Assets | $676.82M | $2.45M | $673.10M | $9.96M | $- | $3.59M | $24.97M | $12.54M | $18.92M | $11.10M | $11.34M | $21.01M | $12.11M | $25.47M | $11.85M | $38.47M | $8.94M | $15.50M | $19.38M | $12.04M |
| Total Assets | $676.82M | $683.58M | $703.18M | $735.05M | $730.75M | $746.55M | $772.18M | $781.02M | $796.47M | $796.66M | $799.61M | $838.76M | $851.02M | $729.58M | $699.73M | $670.51M | $718.99M | $625.81M | $574.94M | $591.95M |
| Account Payables | $16.45M | $14.62M | $13.52M | $14.31M | $13.11M | $14.26M | $12.82M | $15.36M | $13.35M | $13.88M | $19.34M | $12.92M | $12.75M | $14.69M | $10.64M | $11.46M | $11.37M | $9.18M | $14.67M | $9.79M |
| Short Term Debt | $- | $- | $- | $- | $- | $- | $29.98M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $- | $- | $-17.16M | $-14.57M | $-29.89M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $-16.45M | $18.87M | $-13.52M | $-14.31M | $-13.11M | $-14.26M | $-42.80M | $-15.36M | $39.37M | $-13.88M | $-19.34M | $-12.92M | $-12.75M | $-14.69M | $-10.64M | $-11.46M | $-11.37M | $-9.18M | $-14.67M | $-9.79M |
| Total Current Liabilities | $- | $33.48M | $13.52M | $14.31M | $13.11M | $14.26M | $12.82M | $15.36M | $2.33M | $13.88M | $19.34M | $12.92M | $12.75M | $14.69M | $10.64M | $11.46M | $11.37M | $9.18M | $14.67M | $9.79M |
| Long Term Debt | $- | $- | $- | $- | $- | $- | $394.73M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $- | $- | $- | $- | $-394.73M | $- | $411.36M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Non-Current Liabilities | $- | $- | $390.50M | $390.33M | $413.94M | $398.15M | $424.71M | $15.36M | $461.76M | $13.88M | $19.34M | $12.92M | $12.75M | $380.25M | $359.11M | $334.86M | $385.25M | $291.96M | $252.69M | $291.13M |
| Other Liabilities | $390.69M | $386.71M | $-13.52M | $16.61M | $-13.06M | $11.85M | $9.35M | $420.28M | $- | $425.88M | $413.50M | $465.01M | $475.77M | $10.91M | $10.35M | $9.84M | $9.47M | $10.10M | $7.36M | $6.33M |
| Total Liabilities | $390.69M | $386.71M | $390.50M | $421.26M | $413.98M | $424.25M | $446.88M | $451.00M | $464.09M | $453.64M | $452.18M | $490.84M | $501.27M | $405.86M | $380.10M | $356.16M | $406.09M | $311.24M | $274.72M | $307.24M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $0 | $0 | $0 | $- | $- | $0 | $0 | $- | $0 | $- | $0 | $0 | $0 | $0 |
| Common Stock | $23.00K | $23.00K | $23.00K | $23.00K | $23.00K | $23.00K | $23.00K | $23.00K | $23.00K | $23.00K | $23.00K | $23.00K | $23.00K | $21.00K | $21.00K | $21.00K | $21.00K | $21.00K | $21.00K | $21.00K |
| Retained Earnings | $-51.09M | $-41.42M | $-25.62M | $-24.51M | $-21.53M | $-16.97M | $-13.97M | $-9.25M | $-6.88M | $2.73M | $7.14M | $8.04M | $10.57M | $17.73M | $16.89M | $13.74M | $12.87M | $13.80M | $-543.00K | $-16.06M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $-0 | $-0 | $-0 | $-0 | $-0 | $-0 | $-0 | $-0 | $-0 | $-0 | $-0 | $-0 | $-0 | $-0 | $-0 | $-0 | $-0 |
| Other Total Stockholders Equity | $337.20M | $338.27M | $338.27M | $338.27M | $338.27M | $339.24M | $339.24M | $339.24M | $339.24M | $340.26M | $340.26M | $339.86M | $339.16M | $305.97M | $302.71M | $300.59M | $300.00M | $300.74M | $300.74M | $300.74M |
| Total Stockholders Equity | $286.13M | $296.88M | $312.68M | $313.79M | $316.77M | $322.30M | $325.30M | $330.01M | $332.39M | $343.02M | $347.43M | $347.92M | $349.75M | $323.72M | $319.62M | $314.35M | $312.90M | $314.56M | $300.22M | $284.70M |
| Total Equity | $286.13M | $296.88M | $312.68M | $313.79M | $316.77M | $322.30M | $325.30M | $330.01M | $332.39M | $343.02M | $347.43M | $347.92M | $349.75M | $323.72M | $319.62M | $314.35M | $312.90M | $314.56M | $300.22M | $284.70M |
| Total Liabilities and Stockholders Equity | $676.82M | $683.58M | $703.18M | $735.05M | $730.75M | $746.55M | $772.18M | $781.02M | $796.47M | $796.66M | $799.61M | $838.76M | $851.02M | $729.58M | $699.73M | $670.51M | $718.99M | $625.81M | $574.94M | $591.95M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $676.82M | $683.58M | $703.18M | $735.05M | $730.75M | $746.55M | $772.18M | $781.02M | $796.47M | $796.66M | $799.61M | $838.76M | $851.02M | $729.58M | $699.73M | $670.51M | $718.99M | $625.81M | $574.94M | $591.95M |
| Total Investments | $642.23M | $654.34M | $660.00M | $697.87M | $696.17M | $706.79M | $728.35M | $749.22M | $760.23M | $764.56M | $766.48M | $800.37M | $819.21M | $687.12M | $670.48M | $616.99M | $690.74M | $595.29M | $547.40M | $557.12M |
| Total Debt | $- | $- | $359.28M | $390.33M | $386.76M | $398.15M | $424.71M | $424.33M | $441.25M | $431.54M | $423.76M | $468.52M | $476.80M | $380.25M | $359.11M | $334.86M | $385.25M | $291.96M | $252.69M | $291.13M |
| Net Debt | $-12.42M | $-19.80M | $337.53M | $379.61M | $362.28M | $387.52M | $414.30M | $412.58M | $431.74M | $421.69M | $414.53M | $466.07M | $464.61M | $370.67M | $348.78M | $327.16M | $377.19M | $283.10M | $250.43M | $274.68M |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $10.85M | $20.41M | $15.68M | $30.09M | $31.68M |
| Depreciation and Amortization | $9.57M | $- | $9.19M | $7.61M | $-3.34M |
| Deferred Income Tax | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- |
| Change in Working Capital | $13.03M | $2.70M | $-1.51M | $7.13M | $3.73M |
| Accounts Receivables | $2.75M | $- | $-576.00K | $3.73M | $-4.88M |
| Inventory | $- | $- | $576.00K | $-3.73M | $4.88M |
| Accounts Payables | $52.00K | $-240.00K | $-109.00K | $726.00K | $-52.00K |
| Other Working Capital | $10.23M | $2.94M | $-1.40M | $6.40M | $3.78M |
| Other Non Cash Items | $45.31M | $67.26M | $48.63M | $-135.02M | $-96.67M |
| Net Cash Provided by Operating Activities | $78.76M | $90.37M | $71.99M | $-90.19M | $-64.60M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $-280.09M | $-544.16M | $-302.73M |
| Sales Maturities of Investments | $245.44M | $- | $323.08M | $423.63M | $213.79M |
| Other Investing Activities | $- | $- | $280.09M | $544.16M | $302.73M |
| Net Cash Used for Investing Activities | $- | $- | $323.08M | $423.63M | $213.79M |
| Debt Repayment | $- | $-55.35M | $-34.89M | $91.78M | $86.15M |
| Common Stock Issued | $- | $- | $125.00K | $37.49M | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- |
| Dividends Paid | $-2.52M | $-35.33M | $-33.14M | $-29.80M | $-31.74M |
| Other Financing Activities | $-72.88M | $-1.45M | $-580.00K | $-2.46M | $-1.43M |
| Net Cash Used Provided by Financing Activities | $-75.40M | $-92.12M | $-68.49M | $97.01M | $52.98M |
| Effect of Forex Changes on Cash | $-13.00K | $-21.00K | $290.00K | $-298.00K | $14.00K |
| Net Change in Cash | $3.35M | $-1.78M | $3.80M | $6.52M | $-11.60M |
| Cash at End of Period | $27.84M | $24.49M | $26.26M | $22.47M | $15.94M |
| Cash at Beginning of Period | $24.49M | $26.26M | $22.47M | $15.95M | $27.55M |
| Operating Cash Flow | $78.76M | $90.37M | $71.99M | $-90.19M | $-64.60M |
| Capital Expenditure | $- | $- | $- | $- | $- |
| Free Cash Flow | $78.76M | $90.37M | $71.99M | $-90.19M | $-64.60M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $3.90M | $-6.86M | $7.84M | $5.97M | $3.43M | $5.60M | $3.88M | $7.51M | $-1.22M | $3.85M | $7.35M | $5.71M | $3.14M | $8.27M | $10.51M | $8.17M | $8.20M | $21.64M | $22.81M | $-20.96M |
| Depreciation and Amortization | $- | $- | $- | $-434.00K | $18.45M | $- | $- | $3.52M | $9.19M | $- | $- | $-15.66M | $7.61M | $- | $- | $7.53M | $- | $- | $1.28M | $28.15M |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $5.50M | $15.15M | $-4.48M | $-3.13M | $575.00K | $14.73M | $-15.10M | $2.50M | $3.82M | $-4.88M | $8.63M | $-9.07M | $14.77M | $-10.11M | $18.77M | $-16.30M | $-2.83M | $-3.65M | $6.04M | $4.18M |
| Accounts Receivables | $1.87M | $12.81M | $-5.24M | $-6.69M | $-47.00K | $10.54M | $-11.15M | $253.00K | $3.05M | $1.41M | $2.12M | $-7.16M | $15.20M | $-14.62M | $17.87M | $-14.72M | $-4.29M | $-763.00K | $217.00K | $-44.00K |
| Inventory | $- | $- | $- | $- | $-2.24M | $- | $- | $2.24M | $-3.05M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $- | $2.56M | $-585.00K | $2.88M | $2.98M | $-2.42M | $-928.00K | $-109.00K | $-7.98M | $7.52M | $-1.30M | $726.00K | $3.65M | $591.00K | $191.00K | $- | $- | $- | $-417.00K |
| Other Working Capital | $3.63M | $2.33M | $-1.79M | $1.92M | $-2.26M | $1.20M | $-1.52M | $928.00K | $3.92M | $1.69M | $-1.01M | $-7.77M | $14.05M | $858.00K | $-1.63M | $-16.49M | $1.01M | $1.41M | $1.13M | $4.59M |
| Other Non Cash Items | $11.68M | $6.28M | $1.96M | $-2.73M | $74.75M | $21.96M | $21.73M | $8.24M | $-3.91M | $910.00K | $33.18M | $34.11M | $-138.27M | $-16.24M | $-54.65M | $66.61M | $-94.92M | $-47.55M | $8.94M | $4.10M |
| Net Cash Provided by Operating Activities | $21.07M | $14.57M | $2.64M | $1.60M | $78.75M | $42.29M | $10.52M | $21.76M | $7.88M | $-122.00K | $49.16M | $15.07M | $-112.74M | $-18.09M | $-25.37M | $66.01M | $-89.56M | $-29.57M | $39.06M | $15.47M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $116.44M | $-58.24M | $-58.20M | $-58.61M | $-21.14M | $-17.02M | $-48.24M | $19.08M | $-53.30M | $-84.61M | $-161.25M | $-129.29M | $-224.08M | $-118.41M | $-72.39M | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $46.16M | $97.12M | $54.86M | $-4.34M | $39.14M | $56.06M | $48.24M | $323.08M | $49.56M | $101.25M | $120.99M | $423.63M | $124.00M | $69.52M | $149.82M | $- | $- | $- | $33.56M |
| Other Investing Activities | $- | $-58.20M | $- | $- | $-26.44M | $- | $-21.80M | $- | $-19.08M | $- | $17.75M | $- | $-423.63M | $- | $- | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $- | $104.40M | $38.88M | $54.86M | $-62.95M | $18.00M | $17.24M | $48.24M | $323.08M | $-3.74M | $34.38M | $120.99M | $1.00K | $-2.00K | $-48.89M | $149.82M | $- | $- | $- | $33.56M |
| Debt Repayment | $763.00K | $-6.72M | $-31.73M | $3.78M | $-12.53M | $-25.48M | $171.00K | $-17.52M | $8.46M | $9.10M | $-44.24M | $-8.79M | $97.23M | $21.43M | $23.87M | $-52.71M | $93.85M | $38.90M | $-38.95M | $-7.65M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $124.00K | $1.00K | $- | $- | $33.56M | $1.44M | $1.90M | $582.00K | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $50.00K | $- | $- | $-50.00K | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-14.64M | $-8.95M | $-8.95M | $-8.95M | $-8.60M | $-8.60M | $-9.88M | $-8.25M | $-9.41M | $-8.25M | $-7.75M | $-7.72M | $-9.89M | $-5.54M | $-7.08M | $-7.29M | $-9.86M | $-7.29M | $-7.29M | $-7.29M |
| Other Financing Activities | $- | $- | $- | $- | $- | $-1.44M | $-2.00K | $-1 | $- | $2.00K | $- | $- | $-1.99M | $-428.00K | $-26.00K | $1.94M | $-1.43M | $- | $- | $- |
| Net Cash Used Provided by Financing Activities | $-13.88M | $-15.67M | $-40.68M | $-5.17M | $-21.12M | $-35.52M | $-9.71M | $-25.77M | $-954.00K | $847.00K | $-51.82M | $-16.56M | $118.92M | $16.91M | $18.66M | $-57.48M | $82.56M | $31.61M | $-46.24M | $-14.94M |
| Effect of Forex Changes on Cash | $-30.00K | $17.00K | $17.00K | $-17.00K | $32.00K | $-69.00K | $28.00K | $-12.00K | $18.00K | $-4.00K | $-12.00K | $288.00K | $-284.00K | $-18.00K | $-1.00K | $5.00K | $16.00K | $5.00K | $- | $-7.00K |
| Net Change in Cash | $7.17M | $-1.08M | $855.00K | $-3.59M | $-5.29M | $6.69M | $837.00K | $-4.02M | $6.95M | $721.00K | $-2.68M | $-1.20M | $5.90M | $-1.19M | $-6.71M | $8.53M | $-6.98M | $2.04M | $-7.18M | $519.00K |
| Cash at End of Period | $27.84M | $20.67M | $21.76M | $20.90M | $24.49M | $29.78M | $23.09M | $22.25M | $26.26M | $19.32M | $18.60M | $21.27M | $22.47M | $16.57M | $17.76M | $24.47M | $15.94M | $22.92M | $20.89M | $28.07M |
| Cash at Beginning of Period | $20.67M | $21.76M | $20.90M | $24.49M | $29.78M | $23.09M | $22.25M | $26.26M | $19.32M | $18.60M | $21.27M | $22.47M | $16.57M | $17.76M | $24.47M | $15.95M | $22.92M | $20.89M | $28.07M | $27.55M |
| Operating Cash Flow | $21.07M | $14.57M | $2.64M | $1.60M | $78.75M | $42.29M | $10.52M | $21.76M | $7.88M | $-122.00K | $49.16M | $15.07M | $-112.74M | $-18.09M | $-25.37M | $66.01M | $-89.56M | $-29.57M | $39.06M | $15.47M |
| Capital Expenditure | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Free Cash Flow | $21.07M | $14.57M | $2.64M | $1.60M | $78.75M | $42.29M | $10.52M | $21.76M | $7.88M | $-122.00K | $49.16M | $15.07M | $-112.74M | $-18.09M | $-25.37M | $66.01M | $-89.56M | $-29.57M | $39.06M | $15.47M |
WhiteHorse Finance Dividends
Explore WhiteHorse Finance's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
0.00%
Dividend Payout Ratio
23.21%
Dividend Paid & Capex Coverage Ratio
31.28x
WhiteHorse Finance Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.385 | $0.385 | March 21, 2025 | March 21, 2025 | April 04, 2025 | March 07, 2025 |
| $0.385 | $0.385 | December 20, 2024 | December 20, 2024 | January 03, 2025 | November 07, 2024 |
| $0.245 | $0.245 | October 31, 2024 | October 31, 2024 | December 10, 2024 | October 15, 2024 |
| $0.385 | $0.385 | September 18, 2024 | September 18, 2024 | October 02, 2024 | August 08, 2024 |
| $0.385 | $0.385 | June 18, 2024 | June 18, 2024 | July 02, 2024 | May 08, 2024 |
| $0.385 | $0.385 | March 21, 2024 | March 22, 2024 | April 02, 2024 | February 29, 2024 |
| $0.385 | $0.385 | December 19, 2023 | December 20, 2023 | January 03, 2024 | November 09, 2023 |
| $0.37 | $0.37 | September 18, 2023 | September 19, 2023 | October 03, 2023 | August 08, 2023 |
| $0.37 | $0.37 | June 20, 2023 | June 21, 2023 | July 05, 2023 | May 09, 2023 |
| $0.425 | $0.425 | March 23, 2023 | March 24, 2023 | April 04, 2023 | March 02, 2023 |
| $0.355 | $0.355 | December 20, 2022 | December 21, 2022 | January 04, 2023 | November 14, 2022 |
| $0.05 | $0.05 | October 28, 2022 | October 31, 2022 | December 09, 2022 | October 14, 2022 |
| $0.355 | $0.355 | September 19, 2022 | September 20, 2022 | October 04, 2022 | August 10, 2022 |
| $0.355 | $0.355 | June 16, 2022 | June 20, 2022 | July 05, 2022 | May 10, 2022 |
| $0.355 | $0.355 | March 24, 2022 | March 25, 2022 | April 04, 2022 | March 03, 2022 |
| $0.355 | $0.355 | December 17, 2021 | December 20, 2021 | January 04, 2022 | November 09, 2021 |
| $0.135 | $0.135 | October 28, 2021 | October 29, 2021 | December 10, 2021 | October 14, 2021 |
| $0.355 | $0.355 | September 17, 2021 | September 20, 2021 | October 04, 2021 | August 09, 2021 |
| $0.355 | $0.355 | June 17, 2021 | June 18, 2021 | July 02, 2021 | May 10, 2021 |
| $0.355 | $0.355 | March 25, 2021 | March 26, 2021 | April 05, 2021 | March 02, 2021 |
WhiteHorse Finance News
Read the latest news about WhiteHorse Finance, including recent articles, headlines, and updates.
2 BDCs With Uninterrupted Dividends: 1 Will Likely Become Aristocrat, 1 Likely About To Cut
BDCs face challenges due to declining earnings, increased private credit supply, and recession concerns, impacting dividend sustainability. Many BDCs have already cut their dividends to align earnings with the cash distributions. Yet, there is still a long list of BDCs that have maintained their base dividends safe.
WhiteHorse Finance: Still No Signs Of Improvement
WhiteHorse Finance continues to struggle with deteriorating portfolio quality and lower earnings, leading to a maintained sell rating. WHF's price declined nearly 20% over the past year, with total returns at negative 6.78%, and dividend sustainability is questionable. Despite trading at a discount to NAV, WHF's poor performance and high non-accrual rates make it less attractive compared to peers.
The Moment Of Truth For BDC Dividend Investors Is Close
As a structural BDC bull I have to admit that the period of BDCs consistently surprising us on the upside has come to an end. Many lower quality BDCs have already cut their dividends to sync their cash flows with less favorable private credit lending environment. I would say that the moment of truth for high quality BDCs is also very close, where we will see how really durable their base dividends are.
WhiteHorse Finance (WHF) Q4 2024 Earnings Call Transcript
Call Start: 14:00 January 1, 0000 2:33 PM ET WhiteHorse Finance (NASDAQ:WHF ) Q4 2024 Earnings Conference Call March 07, 2025 02:00 PM ET Company Participants Robert Brinberg - President, Rose & Company Stuart Aronson - CEO Joyson Thomas - CFO Conference Call Participants Mickey Schleien - Ladenburg Sean-Paul Adams - Raymond James Melissa Wedel - JPMorgan Operator Good afternoon. My name is David, and I will be your conference operator today.
WhiteHorse Finance, Inc. Announces Fourth Quarter and Full Year 2024 Earnings Results and Declares Quarterly Distribution of $0.385 Per Share
NEW YORK , March 7, 2025 /PRNewswire/ -- WhiteHorse Finance, Inc. ("WhiteHorse Finance" or the "Company") (Nasdaq: WHF) today announced its financial results for the fourth quarter and year ended December 31, 2024. In addition, the Company's board of directors has declared a distribution of $0.385 per share with respect to the fourth quarter and year ended December 31, 2024.
Is WhiteHorse Finance (WHF) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Yield Hunting Part 11: 7.92% YTM With WhiteHorse And Its Baby Bond WHFCL
WhiteHorse Finance, Inc. offers attractive risk-adjusted returns through senior secured loans to lower middle market companies, with a focus on disciplined underwriting and portfolio growth. WHFCL, WhiteHorse Finance's baby bond, is trading above par with a yield to call of 7.08% and a yield to maturity of 7.92%. WHF has a Baa2 credit score, reflecting solid asset quality, debt structure, and profitability, positioning it well within the BDC sector.
Should Value Investors Buy WhiteHorse Finance (WHF) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
WhiteHorse Finance, Inc. To Report Fourth Quarter 2024 and Full Year Financial Results
NEW YORK , Feb. 3, 2025 /PRNewswire/ -- WhiteHorse Finance, Inc. ("WhiteHorse Finance" or the "Company") (Nasdaq: WHF) today announced that it will release its fourth quarter and full year financial results for the year ended December 31, 2024 on Friday, March 7, 2025. The Company will discuss its financial results on a conference call that day at 2:00 p.m.
Steeper Yield Curve And BDCs: This Is What You Have To Know
The past couple of months, which include the steepening of the yield curve, have been positive for BDCs. However, higher long-term rates and a steeper yield curve create a net negative effect for BDC fundamentals. In this article, I explain the recent divergence between BDC prices and the worsening interest rate environment.
Are Investors Undervaluing WhiteHorse Finance (WHF) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
2 BDCs With 20%+ Discount To NAV: 1 To Buy, 1 To Avoid
The primary return source of BDC investments is dividend income. Yet, when there is a mismatch between price and value, it is possible to pocket attractive price returns as well. In this article, I share two BDCs that trade at 20%+ discount to their NAV and offer dividend yield starting from 13%.
BDC Weekly Review: BDCs Have Overcome The August Dip
We take a look at the action in business development companies through the first week of December and highlight some of the key themes we are watching. BDCs experienced a slight decline this week, but are up nearly 10% year-to-date. Wrapping up Q3 earnings: WHF had a -2% total NAV return with rising non-accruals, while BXSL posted a strong 3.2% total NAV return.
WhiteHorse Finance (WHF) Q3 2024 Earnings Call Transcript
WhiteHorse Finance (NASDAQ:WHF ) Q3 2024 Earnings Conference Call November 7, 2024 11:30 AM ET Company Participants Robert Brinberg - President-Rose & Company Stuart Aronson - Chief Executive Officer Joyson Thomas - Chief Financial Officer. Conference Call Participants Melissa Wedel - JPMorgan Robert Dodd - Raymond James Bryce Rowe - B.
WhiteHorse Finance, Inc. Announces Third Quarter 2024 Earnings Results and Declares Quarterly Distribution of $0.385 Per Share
NEW YORK , Nov. 7, 2024 /PRNewswire/ -- WhiteHorse Finance, Inc. ("WhiteHorse Finance" or the "Company") (Nasdaq: WHF) today announced its financial results for the quarter ended September 30, 2024. In addition, the Company's board of directors has declared a distribution of $0.385 per share with respect to the quarter ended September 30, 2024.
WhiteHorse Finance, Inc. Announces Special Distribution And To Report Third Quarter 2024 Financial Results
NEW YORK , Oct. 15, 2024 /PRNewswire/ -- WhiteHorse Finance, Inc. (the "Company") (Nasdaq: WHF) today announced that its board of directors has declared a special distribution of $0.245 per share, which will be payable on December 10, 2024 to stockholders of record as of October 31, 2024. Distributions are paid from taxable earnings and may include a return of capital and/or capital gains.
WhiteHorse Finance: Growing Non-Accruals And Lower Earnings (Rating Downgrade)
WhiteHorse Finance's earnings and portfolio quality are deteriorating due to sensitivity to elevated interest rates, impacting net investment income and distribution coverage. WHF's non-accrual rate has increased to 5.7%, indicating portfolio weakness and raising concerns about management's underwriting capabilities. Despite a high dividend yield of 13%, weakened distribution coverage and declining NAV per share reduce confidence in sustaining current distribution rates.
WhiteHorse Finance (WHF) Q2 2024 Earnings Call Transcript
WhiteHorse Finance (NASDAQ:WHF ) Q2 2024 Earnings Conference Call August 8, 2024 9:00 AM ET Company Participants Robert Brinberg – President-Rose & Company Stuart Aronson – Chief Executive Officer Joyson Thomas – Chief Financial Officer Conference Call Participants Bryce Rowe – B. Riley Sean-Paul Adams – Raymond James Operator Good morning.
WhiteHorse Finance, Inc. Announces Second Quarter 2024 Earnings Results and Declares Quarterly Distribution of $0.385 Per Share
NEW YORK , Aug. 8, 2024 /PRNewswire/ -- WhiteHorse Finance, Inc. ("WhiteHorse Finance" or the "Company") (Nasdaq: WHF) today announced its financial results for the quarter ended June 30, 2024. In addition, the Company's board of directors has declared a distribution of $0.385 per share with respect to the quarter ended June 30, 2024.
Here's Why WhiteHorse (WHF) Is a Great 'Buy the Bottom' Stock Now
WhiteHorse (WHF) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
WhiteHorse Finance, Inc. To Report Second Quarter 2024 Financial Results
NEW YORK , July 11, 2024 /PRNewswire/ -- WhiteHorse Finance, Inc. ("WhiteHorse Finance" or the "Company") (Nasdaq: WHF) today announced that it will release its second quarter financial results for the period ended June 30, 2024 on Thursday, August 8, 2024. The Company will discuss its financial results on a conference call that day at 9:00 a.m.
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