WhiteHorse Finance

WHF

Market cap $156M

WhiteHorse Finance trades at a 43% discount to NAV per share, reflecting deep market skepticism around the direction of its investment portfolio despite a covered 14.88% dividend yield. WHF's fiscal 2025 fourth quarter net investment income of $0.287 per share covered the reset dividend at 115%, with sequential improvement in coverage and nonaccruals. Share repurchases boosted NAV per share by $0.184 during the quarter, reversing a multi-year downward trend and supporting NAV stability.

WhiteHorse Finance is upgraded to hold as portfolio NAV shows modest improvement and capital allocation efficiency increases. WHF trades at a 44.79% discount to NAV, reflecting persistent investor skepticism and ongoing earnings pressure despite recent operational improvements. Dividend yield stands at 16.4% after a payout reduction, improving coverage but signaling continued caution for income-focused investors.

WhiteHorse Finance (WHF) Q4 2025 Earnings Call Transcript

WhiteHorse Finance (WHF) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.34 per share a year ago.

NEW YORK, March 2, 2026 /PRNewswire/ -- WhiteHorse Finance, Inc. ("WhiteHorse Finance" or the "Company") (Nasdaq: WHF) today announced its fourth quarter and full year financial results for the year ended December 31, 2025. In addition, the Company's board of directors has declared a distribution of $0.25 per share with respect to the quarter ending March 31, 2026 and a supplemental distribution of $0.01 per share.

NEW YORK, Feb. 20, 2026 /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, 2025 on Monday, March 2, 2026. The Company will discuss its financial results on a conference call that day at 1:30 p.m.

WhiteHorse Finance continues to face declining NAV, lower earnings, and thin dividend coverage, prompting a maintained sell rating. WHF trades at a steep 39% discount to NAV, but ongoing portfolio contraction and weak new investment activity limit upside potential for WHF. Dividend yield stands at 14.9%, but coverage is tight and sustainability is threatened by declining net investment income and potential rate cuts.

WhiteHorse Finance ( WHF ) Q3 2025 Earnings Call November 10, 2025 2:00 PM EST Company Participants Stuart Aronson - CEO & Director Joyson Thomas - CFO & Principal Accounting Officer Conference Call Participants Robert Brinberg - Rose & Co. Capital Advisors, LLC Melissa Wedel - JPMorgan Chase & Co, Research Division Robert Dodd - Raymond James & Associates, Inc., Research Division Christopher Nolan - Ladenburg Thalmann & Co. Inc., Research Division Presentation Operator Good afternoon. My name is Chloe and I will be your conference operator today.

WhiteHorse Finance (WHF) came out with quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.39 per share a year ago.

NEW YORK , Nov. 10, 2025 /PRNewswire/ -- WhiteHorse Finance, Inc. ("WhiteHorse Finance" or the "Company") (Nasdaq: WHF) today announced its financial results for the third quarter ended September 30, 2025. In addition, the Company's board of directors has declared a distribution of $0.25 per share with respect to the quarter ended September 30, 2025.