WHF
WhiteHorse Finance, Inc. NASDAQ Listed Dec 6, 2012$7.26
+2.54%
vs $7.08
Mkt Cap $168.2M
52w Low $6.19
64.5% of range
52w High $7.85
50d MA $6.88
200d MA $6.98
P/E (TTM)
9.2x
EV/EBITDA
16.7x
P/B
0.7x
Debt/Equity
1.2x
ROE
5.5%
P/FCF
8.7x
RSI (14)
58.50
ATR (14)
$0.19
Beta
0.46
50d MA
$6.88
200d MA
$6.98
Avg Volume
86.5K
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.
CIK (SEC)
Phone
13053792322
1450 Brickell Ave Fl 31 · Miami, FL 33131 · US
| Date | Time | Est | Rptd | Surp | Base | Gap% | D1% | D2% | D3% | D4% | D5% | Guide ▲★ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 11, 2026 | BMO | 0.25 | 0.22 | -12.3% | 6.71 | +6.6% | +6.6% | -1.1% | +0.4% | -0.4% | +0.1% | — |
| May 7, 2026 | BMO | 0.28 | 0.26 | -7.1% | 7.60 | -2.9% | -0.3% | +1.3% | -4.6% | -1.0% | -0.3% | — |
| Mar 2, 2026 | BMO | 0.27 | 0.29 | +7.4% | 6.72 | -1.6% | +1.5% | +4.1% | +2.5% | +1.9% | +0.0% | — |
| Nov 10, 2025 | BMO | 0.29 | 0.26 | -10.5% | 6.75 | +0.6% | +2.5% | +0.3% | -2.7% | +4.3% | +0.9% | — |
| Aug 7, 2025 | BMO | 0.31 | 0.28 | -9.7% | 8.52 | +0.4% | -0.6% | +0.2% | +0.2% | -0.5% | -0.2% | — |
| May 12, 2025 | BMO | 0.33 | 0.29 | -12.1% | 9.33 | -1.4% | -0.5% | -1.7% | -1.3% | +1.8% | +0.2% | — |
| Mar 7, 2025 | BMO | 0.39 | 0.34 | -12.8% | 10.04 | -0.4% | -0.4% | -1.8% | +1.1% | -2.0% | +1.8% | — |
| Nov 7, 2024 | BMO | 0.42 | 0.39 | -7.1% | 11.60 | -1.7% | -4.6% | -3.6% | -0.7% | -0.7% | +0.1% | — |
| Aug 8, 2024 | BMO | 0.44 | 0.40 | -9.1% | 11.26 | +0.5% | +1.8% | +0.4% | -0.7% | -2.3% | +3.0% | — |
| May 8, 2024 | BMO | 0.46 | 0.47 | +2.2% | 13.12 | -0.1% | -1.5% | -1.3% | +0.4% | +2.0% | -1.0% | — |
| Feb 29, 2024 | BMO | 0.46 | 0.46 | +0.0% | 12.45 | +0.3% | -0.3% | +0.3% | +0.3% | +0.5% | +0.7% | — |
| Nov 9, 2023 | BMO | 0.46 | 0.47 | +2.2% | 12.20 | +0.2% | -0.8% | +0.5% | +0.5% | +1.9% | +1.0% | — |
| Aug 8, 2023 | BMO | 0.46 | 0.46 | +0.0% | 13.10 | -2.7% | -3.3% | -0.7% | +1.1% | -1.6% | +1.0% | — |
| May 9, 2023 | AMC | 0.44 | 0.46 | +4.5% | 11.53 | +0.0% | +2.2% | +0.2% | +0.2% | +0.3% | -1.9% | — |
| Date | Firm | Action | Grade | Target | Base | Open | Gap% | D1% | D2% | D3% | D4% | D5% |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 1 | JP Morgan | Maintains | Underweight → Underweight | — | $6.92 | $6.89 | -0.4% | -4.6% | +4.5% | +1.2% | +0.1% | -2.1% |
| Aug 13 | B. Riley Securities | Maintains | Neutral → Neutral | — | $8.51 | $8.50 | -0.1% | -0.5% | -0.2% | +0.4% | -0.7% | +0.5% |
| Mar 10 | JP Morgan | Maintains | Underweight → Underweight | — | $10.04 | $10.00 | -0.4% | -0.4% | -1.8% | +1.1% | -2.0% | +1.8% |
| Feb 3 | JP Morgan | Maintains | Underweight → Underweight | — | $10.56 | $10.49 | -0.7% | -0.2% | -1.7% | -0.1% | +0.7% | +0.7% |
| Nov 11 | Oppenheimer | Downgrade | Outperform → Perform | — | $11.07 | $11.00 | -0.6% | -3.6% | -0.7% | -0.7% | +0.1% | +0.9% |
| Nov 8 | Raymond James | Downgrade | Outperform → Market Perform | — | $11.60 | $11.40 | -1.7% | -4.6% | -3.6% | -0.7% | -0.7% | +0.1% |
| Jul 29 | JP Morgan | Maintains | Underweight → Underweight | — | $12.19 | $12.19 | +0.0% | -1.0% | +0.5% | -1.7% | -0.6% | -0.6% |
| Mar 1 | JP Morgan | Maintains | Underweight → Underweight | — | $12.45 | $12.49 | +0.3% | -0.3% | +0.3% | +0.3% | +0.5% | +0.7% |
| Jan 8 | B. Riley Securities | Downgrade | Buy → Neutral | — | $12.75 | $12.52 | -1.8% | +0.8% | -1.2% | -0.3% | +0.9% | -0.1% |
| Nov 10 | Raymond James | Maintains | Outperform → Outperform | — | $12.20 | $12.23 | +0.2% | -0.8% | +0.5% | +0.5% | +1.9% | +1.0% |
| Aug 9 | Raymond James | Maintains | Outperform → Outperform | — | $13.10 | $12.75 | -2.7% | -3.3% | -0.7% | +1.1% | -1.6% | +1.0% |
| Aug 9 | Ladenburg Thalmann | Downgrade | Buy → Neutral | — | $13.10 | $12.75 | -2.7% | -3.3% | -0.7% | +1.1% | -1.6% | +1.0% |
| Aug 2 | B. Riley Securities | Maintains | Buy → Buy | — | $13.55 | $13.61 | +0.4% | +0.5% | -1.1% | +1.0% | -0.7% | -3.0% |
| Mar 6 | Oppenheimer | Maintains | Outperform → Outperform | — | $13.50 | $13.16 | -2.5% | -3.6% | +1.8% | -0.6% | +0.7% | -2.7% |
| Nov 22 | Raymond James | Maintains | Outperform → Outperform | — | $13.38 | $13.50 | +0.9% | +1.6% | -0.2% | +0.0% | -1.9% | +0.5% |
| Sep 6 | JP Morgan | Downgrade | Neutral → Underweight | — | $14.30 | $13.86 | -3.1% | -4.1% | -0.6% | +1.8% | -0.1% | -1.5% |
| Aug 11 | Raymond James | Maintains | Outperform → Outperform | — | $14.23 | $14.36 | +0.9% | +0.8% | +3.1% | +1.6% | +0.6% | -0.9% |
| Mar 4 | Raymond James | Maintains | Outperform → Outperform | — | $15.28 | $15.14 | -0.9% | -1.2% | -1.8% | +0.0% | +0.6% | -0.8% |
| Aug 10 | Raymond James | Maintains | Outperform → Outperform | — | $15.37 | $15.92 | +3.6% | +1.6% | +0.2% | -0.3% | +0.3% | +0.1% |
| Aug 10 | JP Morgan | Upgrade | Underweight → Neutral | — | $15.37 | $15.92 | +3.6% | +1.6% | +0.2% | -0.3% | +0.3% | +0.1% |
| Apr 27 | JP Morgan | Downgrade | Neutral → Underweight | — | $15.94 | $15.77 | -1.1% | -3.6% | +0.7% | +0.2% | -0.7% | +0.6% |
| Mar 3 | Raymond James | Maintains | Outperform → Outperform | — | $14.79 | $14.92 | +0.9% | +1.2% | -0.1% | +0.1% | +0.1% | +3.3% |
| Nov 18 | Raymond James | Maintains | Outperform → Outperform | — | $13.05 | $13.17 | +0.9% | +3.1% | +2.9% | -2.9% | +2.4% | -0.4% |
| Aug 17 | Deutsche Bank | Maintains | Buy → Buy | — | $10.84 | $10.90 | +0.6% | +1.3% | -1.5% | +0.6% | -0.2% | -1.9% |
| May 12 | Deutsche Bank | Maintains | Buy → Buy | — | $8.56 | $8.98 | +4.9% | +0.6% | -5.0% | +1.1% | -0.7% | +1.9% |
| May 4 | JP Morgan | Maintains | Neutral → Neutral | — | $9.05 | $8.88 | -1.9% | -2.4% | -4.5% | +7.5% | -0.4% | +4.1% |
| Apr 13 | Oppenheimer | Maintains | Outperform → Outperform | — | $7.24 | $7.36 | +1.7% | +4.3% | +5.3% | -6.3% | -3.4% | +5.0% |
| Mar 24 | B. Riley Securities | Downgrade | Buy → Neutral | — | $6.37 | $6.53 | +2.5% | +6.1% | +17.5% | +5.9% | -5.4% | -12.1% |
| Mar 24 | B. Riley FBR | Downgrade | Buy → Neutral | — | $6.37 | $6.53 | +2.5% | +6.1% | +17.5% | +5.9% | -5.4% | -12.1% |
| Mar 3 | Deutsche Bank | Maintains | Buy → Buy | — | $13.56 | $14.05 | +3.6% | +1.3% | +0.9% | -1.4% | -1.8% | -6.3% |
| Mar 3 | Oppenheimer | Upgrade | Perform → Outperform | — | $13.56 | $14.05 | +3.6% | +1.3% | +0.9% | -1.4% | -1.8% | -6.3% |
| Mar 3 | National Securities Corporation | Downgrade | Buy → Neutral | — | $13.56 | $14.05 | +3.6% | +1.3% | +0.9% | -1.4% | -1.8% | -6.3% |
| Mar 3 | National Securities | Downgrade | Buy → Neutral | — | $13.56 | $14.05 | +3.6% | +1.3% | +0.9% | -1.4% | -1.8% | -6.3% |
| Feb 3 | JP Morgan | Upgrade | Underweight → Neutral | — | $13.89 | $13.96 | +0.5% | +0.6% | -0.3% | +0.7% | -0.3% | +0.1% |
| Oct 23 | National Securities | Maintains | Neutral → Neutral | — | $13.97 | $13.97 | +0.0% | +1.1% | -0.2% | -0.3% | +1.4% | +0.1% |
| Aug 8 | Oppenheimer | Downgrade | Outperform → Perform | — | $13.68 | $13.38 | -2.2% | -3.0% | -0.2% | -0.8% | +0.2% | -1.4% |
| Jun 18 | Raymond James | Maintains | Outperform → Outperform | — | $14.03 | $14.10 | +0.5% | +0.6% | -1.1% | -1.0% | +0.2% | -0.6% |
| Jan 16 | JP Morgan | Downgrade | Neutral → Underweight | — | $13.81 | $13.66 | -1.1% | +0.3% | -0.3% | -1.5% | -0.7% | -0.5% |
| Jul 23 | JP Morgan | Maintains | Neutral → Neutral | — | $14.92 | $15.01 | +0.6% | -0.2% | +1.3% | +0.4% | -2.5% | -1.8% |
| Apr 11 | JP Morgan | Upgrade | Underweight → Neutral | — | $12.69 | $12.99 | +2.4% | +0.9% | +0.4% | +0.3% | -0.3% | +0.9% |
| Mar 29 | Deutsche Bank | Maintains | Buy → Buy | — | $12.25 | $12.52 | +2.2% | +1.4% | +0.8% | +1.2% | +1.2% | +1.0% |
| Mar 5 | JP Morgan | Maintains | Underweight → Underweight | — | $11.65 | $11.77 | +1.0% | +2.7% | +2.9% | +1.8% | +0.0% | +1.9% |
| Mar 5 | Ladenburg Thalmann | Upgrade | Neutral → Buy | — | $11.65 | $11.77 | +1.0% | +2.7% | +2.9% | +1.8% | +0.0% | +1.9% |
| Feb 6 | JP Morgan | Downgrade | Neutral → Underweight | — | $12.55 | $12.45 | -0.8% | -0.8% | -0.8% | -1.6% | -0.1% | -0.5% |
| Dec 19 | Ladenburg Thalmann | Maintains | Neutral → Neutral | — | $14.24 | $14.17 | -0.5% | -2.6% | -0.9% | +0.5% | -0.1% | -1.0% |
| Nov 30 | Oppenheimer | Maintains | Outperform → Outperform | — | $13.96 | $14.10 | +1.0% | +0.9% | -0.4% | -1.7% | -1.1% | +2.6% |
| Oct 23 | Baird | Downgrade | Outperform → Neutral | — | $15.04 | $14.31 | -4.9% | -2.5% | +0.4% | -2.0% | +1.0% | -1.4% |
| Jun 29 | Baird | Upgrade | Neutral → Outperform | — | $13.30 | $13.44 | +1.1% | +0.5% | +0.1% | +0.5% | -0.4% | -0.7% |
| Sep 14 | Citigroup | Maintains | Buy → Buy | — | $11.60 | $11.52 | -0.7% | -0.2% | -4.8% | +2.1% | +0.9% | -1.7% |
| Aug 11 | Deutsche Bank | Maintains | Buy → Buy | — | $11.58 | $11.60 | +0.2% | +0.2% | -0.9% | -0.8% | -0.2% | +2.4% |
| Date | Insider | Title | Type | Shares | Price | Value | Owned After | D1% | D5% |
|---|---|---|---|---|---|---|---|---|---|
| Jun 18, 2026 | BOLDUC JOHNDir | — | Buy | 7,690 | $6.49 | $50K | 317,297 | +1.55% | +1.23% |
| Jun 15, 2026 | Aronson Stuart DDir/Off | Chief Executive Officer | Buy | 15,000 | $6.41 | $96K | 127,000 | +0.79% | -1.36% |
| Jun 2, 2026 | BOLDUC JOHNDir | — | Buy | 3,570 | $6.81 | $24K | 302,467 | +0.44% | +0.76% |
| Jun 1, 2026 | BOLDUC JOHNDir | — | Buy | 3,570 | $6.88 | $25K | 298,897 | +0.44% | +0.76% |
| May 29, 2026 | Volpe John PaulDir | — | Buy | 1,000 | $6.74 | $7K | 2,000 | -1.89% | -0.90% |
| May 22, 2026 | Aronson Stuart DDir/Off | Chief Executive Officer | Buy | 5,000 | $6.40 | $32K | 105,000 | +2.72% | -1.01% |
| May 22, 2026 | Aronson Stuart DDir/Off | Chief Executive Officer | Buy | 7,000 | $6.38 | $45K | 112,000 | +2.72% | -1.01% |
| May 21, 2026 | Thomas JoysonOff | Chief Financial Officer | Buy | 3,000 | $6.62 | $20K | 25,000 | +2.72% | -1.01% |
| May 21, 2026 | Aronson Stuart DDir/Off | Chief Executive Officer | Buy | 20,000 | $6.67 | $133K | 100,000 | +2.72% | -1.01% |
8-K · 8.01
!! High
WhiteHorse Finance, Inc. -- 8-K 8.01: Material Event / Announcement
Sep 15
8-K · 7.01
! Medium
WhiteHorse Finance, Inc. -- 8-K 7.01: Regulation FD Disclosure
Jul 28
8-K · 2.02
!! High
WhiteHorse Finance, Inc. -- 8-K 2.02: Earnings Results
WhiteHorse Finance reported quarterly earnings results via 8-K filing, with detailed financial performance metrics available in the attached press release exhibit for investor review.
May 7
8-K · 7.01
! Medium
WhiteHorse Finance, Inc. 7.875% Notes due 2028 -- 8-K 7.01: Regulation FD Disclosure
WhiteHorse Finance announced details about its 7.875% Notes due 2028, providing investors with disclosure on this debt instrument's terms and status.
Apr 23
8-K · 1.01
! Medium
Unknown — 8-K 1.01: Financing / Debt Agreement
WHF has entered into a new financing or debt agreement, which could affect the company's leverage, interest expenses, and financial flexibility going forward.
Mar 13
8-K · 4.01
!!! Very High
WhiteHorse Finance, Inc. 7.875% Notes due 2028 -- 8-K 4.01: Auditor Change / Resignation
WhiteHorse Finance replaced its auditor Crowe LLP, signaling potential internal control concerns or cost considerations that could affect financial reporting transparency for investors.
Mar 4
8-K · 7.01
! Medium
WhiteHorse Finance, Inc. 7.875% Notes due 2028 -- 8-K 7.01: Regulation FD Disclosure
WhiteHorse Finance disclosed its earnings presentation to investors, providing detailed financial performance and strategic outlook information for stakeholders.
Mar 2
8-K · 7.01
! Medium
WhiteHorse Finance, Inc. 7.875% Notes due 2028 -- 8-K 7.01: Regulation FD Disclosure
WhiteHorse Finance issued 7.875% Notes due 2028, providing the company with debt financing while offering investors a fixed-income security with specified maturity and coupon rate.
Feb 20
Institutional (13F) — Top 20
All ↗
| # | Manager | Shares | Value | Chg | Period |
|---|---|---|---|---|---|
| 1 | Lalia Capital, Llc | 712,769 | $5M | New | Jun 2026 |
| 2 | Two Sigma Investments, Lp | 430,600 | $3M | Reduced | Jun 2026 |
| 3 | Ethos Financial Group, Llc | 360,532 | $2M | New | Jun 2026 |
| 4 | Bank Of America Corp /de/ | 185,004 | $1M | — | Mar 2026 |
| 5 | Jane Street Group, Llc | 133,724 | $929K | New | Dec 2025 |
| 6 | Bank Of Montreal /can/ | 114,842 | $769K | — | Jun 2026 |
| 7 | Blue Trust, Inc. | 95,601 | $641K | — | Jun 2026 |
| 8 | Cambridge Investment Research Advisors, Inc. | 91,218 | $612K | New | Jun 2026 |
| 9 | Marshall Wace, Llp | 76,266 | $564K | New | Mar 2026 |
| 10 | Blackrock, Inc. | 71,135 | $477K | New | Jun 2026 |
| 11 | Sound Income Strategies, Llc | 70,994 | $476K | New | Jun 2026 |
| 12 | Victory Capital Management Inc | 63,291 | $468K | New | Mar 2026 |
| 13 | Morgan Stanley | 55,238 | $384K | Added | Dec 2025 |
| 14 | Basso Capital Management, L.p. | 52,500 | $352K | New | Jun 2026 |
| 15 | Closed-End Fund Advisors, Inc. | 44,996 | $301K | New | Jun 2026 |
| 16 | Gables Capital Management Inc. | 43,865 | $294K | Reduced | Jun 2026 |
| 17 | Susquehanna International Group, Llp | 37,926 | $281K | Reduced | Mar 2026 |
| 18 | Virtus Investment Advisers, Llc | 41,578 | $279K | Reduced | Jun 2026 |
| 19 | Ubs Group Ag | 31,535 | $233K | Reduced | Mar 2026 |
| 20 | Raymond James Financial Inc | 22,426 | $166K | Added | Mar 2026 |
Mutual Funds / ETFs (N-PORT) — Top 2
All ↗
| # | Fund | Shares | Value | Period |
|---|---|---|---|---|
| 1 | Virtus Private Credit Strategy ETF | 59,052 | $396K | Jan 2026 |
| 2 | Blackstone Alternative Multi-Strategy Fund | 2,000 | $13K | Jun 2026 |
Valuation
Market Cap
$168.2M
Enterprise Value
$462.8M
P/E (TTM)
9.25x
Forward P/E
6.69x
PEG Ratio
0.35x
P/B
0.65x
P/S
3.57x
P/FCF
8.72x
EV/EBITDA
16.69x
Shares Out
23.2M
Financials (TTM)
Revenue
$47.1M
Net Income
$17.5M
EBITDA
$27.7M
Free Cash Flow
$19.3M
Op Cash Flow
$19.3M
EPS Basic
$0.62
EPS Diluted
$0.79
EPS Forward
$1.09
Gross Margin
60.8%
Op Margin
58.9%
Net Margin
37.2%
Balance Sheet
Total Assets
$615.1M
Total Liab.
$355.3M
Total Equity
$259.8M
Cash
$29.3M
LT Debt
$323.8M
Book Value/Sh
$11.21
Debt/Equity
1.25x
Current Ratio
1.14
Quick Ratio
1.14
Returns & Growth
ROE
5.5%
ROA
2.3%
ROIC
6.5%
Rev Growth YoY
+121.6%
EPS Growth YoY
+31.9%
Price Returns
2W
-0.3%
1M
-1.1%
3M
+8.1%
6M
+0.4%
12M
-9.8%
Technicals
52W High
$7.85
52W Low
$6.19
50d MA
$6.88
200d MA
$6.98
RSI (14)
58.50
ATR (14)
$0.19
Beta
0.46
Avg Volume
87K
Dividends
Div Rate
$1.58
Div Yield
20.6%
Frequency
—
Ex-Div Date
Mar 12, 2026
Analyst Price Targets
Consensus
$12.00
High
$12.00
Low
$12.00
Median
$12.00
Data updated apr 27, 2026 9:17am
· Source: financialmodelingprep.com