WhiteHorse Finance (WHF) Stock Price, News & Analysis

Company Overview

WhiteHorse Finance, Inc. (NASDAQ: WHF) is a business development company that provides financing to privately owned, primarily lower-middle-market companies. The company seeks to generate income and, to a lesser extent, capital appreciation through investments in a range of industries.

WhiteHorse Finance primarily invests in senior secured loans, including first-lien and second-lien loans, as well as subordinated debt and selected equity investments. Its financing may support acquisitions, recapitalizations, growth initiatives, refinancing transactions and other general corporate purposes.

The company focuses mainly on U.S.-based middle-market businesses and works with companies that may have limited access to traditional bank financing. WhiteHorse Finance is externally managed by H.I.G. WhiteHorse Advisers, LLC, an affiliate of global alternative investment firm H.I.G. Capital. It began operations in 2012 and has elected to be regulated as a business development company under the Investment Company Act of 1940.

Key Stats

• Today's Range: $7.04 to $7.09
• 50-Day Range: $6.39 to $7.45
• 52-Week Range: $6.07 to $7.84
• Volume: 12,699 shs
• Average Volume: 94,508 shs
• Market Capitalization: $151.22 million
• P/E Ratio: 8.91
• Dividend Yield: 14.20%
• Price Target: $7.25
• Consensus Rating: Reduce

WhiteHorse Finance Stock Analysis - MarketRank™

WhiteHorse Finance scored higher than 56% of companies evaluated by MarketBeat, and ranked 538th out of 836 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.6 / 5
• Analyst Rating: Reduce

Consensus Rating

WhiteHorse Finance has received a consensus rating of Reduce. The company's average rating score is 1.50, and is based on no strong buy ratings, no buy ratings, 2 hold ratings, and 2 sell ratings.

Upside/Downside

The consensus price target for WhiteHorse Finance is close to its current price, suggesting limited near-term upside or downside.

Amount of Analyst Coverage

WhiteHorse Finance has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 1.03%

Earnings Growth

Earnings for WhiteHorse Finance are expected to grow by 1.03% in the coming year, from $0.97 to $0.98 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of WhiteHorse Finance is 8.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 38.91.

Price to Earnings Ratio vs. Sector

The P/E ratio of WhiteHorse Finance is 8.90, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 24.65.

Price to Book Value per Share Ratio

WhiteHorse Finance has a P/B Ratio of 0.63. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.27% of the float of WhiteHorse Finance has been sold short.

Short Interest Ratio / Days to Cover

WhiteHorse Finance has a short interest ratio ("days to cover") of 3.71, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in WhiteHorse Finance has recently decreased by 1.43%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

WhiteHorse Finance is a leading dividend payer. It pays a dividend yield of 14.45%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

WhiteHorse Finance has only been increasing its dividend for 3 years.

Dividend Coverage

The dividend payout ratio of WhiteHorse Finance is 126.58%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, WhiteHorse Finance will have a dividend payout ratio of 102.04% in the coming year. This indicates that WhiteHorse Finance may not be able to sustain their current dividend.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.78

News Sentiment

WhiteHorse Finance has a news sentiment score of 0.78. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.56 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for WhiteHorse Finance this week, compared to 2 articles on an average week.

MarketBeat Follows

1 people have added WhiteHorse Finance to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.3 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, WhiteHorse Finance insiders have not sold or bought any company stock.

Percentage Held by Insiders

3.80% of the stock of WhiteHorse Finance is held by insiders.

Percentage Held by Institutions

13.20% of the stock of WhiteHorse Finance is held by institutions.

Company Calendar

• Last Earnings: 8/10/2026
• Record date for 10/5 Dividend: 9/21/2026
• Ex-Dividend for 10/5 Dividend: 9/21/2026
• Dividend Payable: 10/05/2026
• Today: 10/09/2026
• Next Earnings (Estimated): 11/09/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Capital Markets
• Sub-Industry: Asset Management & Custody Banks
• Current Symbol: NASDAQ:WHF
• CIK: 1552198
• Web: www.whitehorsefinance.com
• Phone: (305) 379-2322
• Fax: 305-379-2013
• Employees: 3
• Year Founded: 1993

Price Target and Rating

• Average Price Target for WhiteHorse Finance: $7.25
• High Price Target: $8.00
• Low Price Target: $6.50
• Potential Upside/Downside: +2.6%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.50
• Research Coverage: 4 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.79
• Trailing P/E Ratio: 8.89
• Forward P/E Ratio: 7.28
• P/E Growth: N/A
• Net Income: $14.34 million
• Net Margins: 26.88%
• Pretax Margin: 26.88%
• Return on Equity: 8.94%
• Return on Assets: 3.75%

Debt

• Debt-to-Equity Ratio: 1.29
• Current Ratio: 1.39
• Quick Ratio: 1.39

Sales & Book Value

• Annual Sales: $72.67 million
• Price / Sales: 2.09
• Cash Flow: $1.05 per share
• Price / Cash Flow: 6.75
• Book Value: $11.18 per share
• Price / Book: 0.63

Miscellaneous

• Outstanding Shares: 21,480,000
• Free Float: 20,660,000
• Market Cap: $151.76 million
• Optionable: Optionable
• Beta: 0.39