Q3 EPS Estimates for WhiteHorse Finance Lowered by B. Riley

Key Points

• B. Riley has lowered its EPS estimates for WhiteHorse Finance for Q3 2025 from $0.31 to $0.28, maintaining a "Neutral" rating with a price target of $9.00.
• The company has reported an earnings miss in its last quarter, posting $0.28 EPS which was below the consensus estimate of $0.31, and revenue also fell short at $18.84 million.
• WhiteHorse Finance announced a quarterly dividend of $0.385, yielding an annualized dividend of 18.2%, although it has a notably high dividend payout ratio of 1,026.67%.

WhiteHorse Finance, Inc. (NASDAQ:WHF - Free Report) - Investment analysts at B. Riley lowered their Q3 2025 earnings per share (EPS) estimates for WhiteHorse Finance in a note issued to investors on Tuesday, August 12th. B. Riley analyst S. Adams now expects that the investment management company will post earnings per share of $0.28 for the quarter, down from their prior estimate of $0.31. B. Riley currently has a "Neutral" rating and a $9.00 target price on the stock. The consensus estimate for WhiteHorse Finance's current full-year earnings is $1.66 per share. B. Riley also issued estimates for WhiteHorse Finance's Q4 2025 earnings at $0.28 EPS, FY2025 earnings at $1.13 EPS, Q1 2026 earnings at $0.27 EPS, Q2 2026 earnings at $0.26 EPS, Q3 2026 earnings at $0.27 EPS, Q4 2026 earnings at $0.27 EPS and FY2026 earnings at $1.07 EPS.

Separately, LADENBURG THALM/SH SH raised WhiteHorse Finance to a "hold" rating in a research note on Friday, August 8th. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus target price of $10.00.

WhiteHorse Finance Trading Up 0.5%

Shares of WHF traded up $0.0450 during mid-day trading on Thursday, reaching $8.4650. 10,791 shares of the company were exchanged, compared to its average volume of 84,918. WhiteHorse Finance has a 52 week low of $8.36 and a 52 week high of $12.42. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market capitalization of $196.73 million, a PE ratio of 56.54 and a beta of 0.82. The business has a 50 day simple moving average of $8.85 and a two-hundred day simple moving average of $9.44.

WhiteHorse Finance (NASDAQ:WHF - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The investment management company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.03). WhiteHorse Finance had a net margin of 4.36% and a return on equity of 10.72%. The firm had revenue of $18.84 million for the quarter, compared to analyst estimates of $19.33 million.

WhiteHorse Finance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 19th will be given a dividend of $0.385 per share. The ex-dividend date of this dividend is Friday, September 19th. This represents a $1.54 annualized dividend and a dividend yield of 18.2%. WhiteHorse Finance's payout ratio is presently 1,026.67%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Tidal Investments LLC boosted its position in shares of WhiteHorse Finance by 2.3% during the fourth quarter. Tidal Investments LLC now owns 49,460 shares of the investment management company's stock valued at $479,000 after buying an additional 1,110 shares during the last quarter. LPL Financial LLC boosted its position in WhiteHorse Finance by 10.9% in the fourth quarter. LPL Financial LLC now owns 15,182 shares of the investment management company's stock worth $147,000 after purchasing an additional 1,495 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in WhiteHorse Finance by 5.6% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 42,772 shares of the investment management company's stock worth $414,000 after purchasing an additional 2,273 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in WhiteHorse Finance in the fourth quarter worth $39,000. Finally, Ethos Financial Group LLC boosted its position in WhiteHorse Finance by 2.8% in the second quarter. Ethos Financial Group LLC now owns 205,673 shares of the investment management company's stock worth $1,793,000 after purchasing an additional 5,616 shares during the last quarter. Hedge funds and other institutional investors own 13.20% of the company's stock.

About WhiteHorse Finance

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 invests in broadline retail, office services and supplies, building products, health care services, health care supplies, research and consulting services, application software, home furnishings, specialized consumer services, data processing and outsourced services, leisure facilities, cable, and satellite.