WhiteHorse Finance (WHF)

• Market cap: $206M
• 1 day: 1.26%
• 5 days: 1.49%
• 1 month: 5.23%
• 3 months: -6.14%
• 6 months: -12.8%
• Year to date: -11.04%
• 1 year: -27.56%
• 5 years: -18.34%
• 10 years: -34.66%
• Sector: Financials
• Industry: Asset Management

About: WhiteHorse Finance Inc is a non-diversified, closed-end management investment company. It makes debt investments in privately held; small-cap companies located in United States. Its investment objective is to generate risk-adjusted returns by originating and investing in senior secured loans, including first lien and second lien facilities, to performing lower middle market companies across a range of industries.

Employees: 3

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

50% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 12

0.67% less ownership

Funds ownership: 14.73% [Q1] → 14.06% (-0.67%) [Q2]

2% less funds holding

Funds holding: 51 [Q1] → 50 (-1) [Q2]

13% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 8

14% less capital invested

Capital invested by funds: $33.1M [Q1] → $28.5M (-$4.53M) [Q2]

96% less call options, than puts

Call options by funds: $10K | Put options by funds: $229K

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $9
• Avg. target: $9
• High target: $9

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

B. Riley Securities Bryce Rowe

$9

Neutral Maintained

13 Aug 2025