WhiteHorse Finance (WHF) Stock Price, News & Analysis

Company Overview

WhiteHorse Finance Corporation (NASDAQ: WHF) is a closed-end management investment company organized as a business development company under the Investment Company Act of 1940. The firm’s primary objective is to generate current income and, to a lesser extent, capital appreciation by making debt and equity investments in privately held middle-market companies. WhiteHorse Finance seeks to partner with established businesses across a range of industries, providing flexible financing solutions designed to support growth initiatives, acquisitions and recapitalizations.

The company’s investment portfolio predominantly comprises senior secured loans, second-lien debt, subordinated debt and select equity interests. WhiteHorse Finance targets U.S. headquartered companies with EBITDA profiles typically exceeding $10 million, though it retains the flexibility to consider larger transactions. While the portfolio spans multiple sectors—such as healthcare, technology, business services and industrials—the firm places particular emphasis on businesses with recurring revenue streams and defensible market positions.

Established in 2016 and commencing operations following its initial public offering in early 2017, WhiteHorse Finance is externally managed by PPMG Private Markets LLC, an affiliate of Ares Management Corporation. The investment team leverages Ares’ underwriting, portfolio monitoring and credit-management capabilities to identify underwriting opportunities and actively manage risk. Headquartered in Los Angeles, with additional support from Ares offices across North America and Europe, WhiteHorse Finance combines middle-market specialization with institutional-grade resources to deliver tailored financing solutions to its portfolio companies.

Key Stats

• Today's Range: $7.48 to $7.61
• 50-Day Range: $6.30 to $7.68
• 52-Week Range: $6.07 to $9.66
• Volume: 41,439 shs
• Average Volume: 110,442 shs
• Market Capitalization: $169.06 million
• P/E Ratio: 12.27
• Dividend Yield: 13.15%
• Price Target: $7.75
• Consensus Rating: Reduce

WhiteHorse Finance Stock Analysis - MarketRank™

WhiteHorse Finance scored higher than 65% of companies evaluated by MarketBeat, and ranked 480th out of 878 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: 1.2 / 5
• Analyst Rating: Reduce

Consensus Rating

WhiteHorse Finance has received a consensus rating of Reduce. The company's average rating score is 1.60, and is based on no strong buy ratings, no buy ratings, 3 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 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: -7.41%

Earnings Growth

Earnings for WhiteHorse Finance are expected to decrease by -7.41% in the coming year, from $1.08 to $1.00 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of WhiteHorse Finance is 12.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 38.43.

Price to Earnings Ratio vs. Sector

The P/E ratio of WhiteHorse Finance is 12.15, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 23.19.

Price to Book Value per Share Ratio

WhiteHorse Finance has a P/B Ratio of 0.67. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.58% 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 2.79, 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 15.49%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

WhiteHorse Finance is a leading dividend payer. It pays a dividend yield of 13.16%, 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 161.29%. 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 100.00% in the coming year. This indicates that WhiteHorse Finance may not be able to sustain their current dividend.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.15

News Sentiment

WhiteHorse Finance has a news sentiment score of 0.15. 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 lower news sentiment than the 0.68 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for WhiteHorse Finance this week, compared to 2 articles on an average week.

Search Interest

5 people have searched for WHF on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.

Company Ownership

• Score: 3.8 / 5
• Insider Trading: Acquiring Shares

Cluster Insider Buying

3 insiders have purchased shares of WhiteHorse Finance in the last three months. Multiple insiders buying is a strong bullish signal.

Net Insider Buying

Over the last three months, insiders have purchased a net $337,673.00 in company stock, which represents 0.2015% of the company's market cap.

Insider Buying vs. Insider Selling

In the past three months, WhiteHorse Finance insiders have bought more of their company's stock than they have sold. Specifically, they have bought $337,673.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

2.50% 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

• Record date for 4/6 Dividend: 3/12/2026
• Ex-Dividend for 4/6 Dividend: 3/12/2026
• Dividend Payable: 4/06/2026
• Last Earnings: 5/07/2026
• Today: 5/08/2026
• Record date for 7/6 Dividend: 5/21/2026
• Ex-Dividend for 7/6 Dividend: 5/21/2026
• Dividend Payable: 7/06/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: FIN - SBIC&COMMRL
• Sub-Industry: Asset Management & Custody Banks
• Current Symbol: NASDAQ:WHF
• CIK: 1552198
• Web: www.whitehorsefinance.com
• Phone: (305) 381-6999
• Fax: 305-379-2013
• Employees: N/A
• Year Founded: 1993

Price Target and Rating

• Average Price Target for WhiteHorse Finance: $7.75
• High Price Target: $9.00
• Low Price Target: $6.50
• Potential Upside/Downside: +1.9%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.60
• Research Coverage: 5 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.62
• Trailing P/E Ratio: 12.27
• Forward P/E Ratio: 7.04
• P/E Growth: N/A
• Net Income: $14.34 million
• Net Margins: 19.73%
• Pretax Margin: 19.73%
• Return on Equity: 9.66%
• Return on Assets: 4.03%

Debt

• Debt-to-Equity Ratio: 1.25
• Current Ratio: 1.25
• Quick Ratio: 1.25

Sales & Book Value

• Annual Sales: $72.67 million
• Price / Sales: 2.33
• Cash Flow: $1.03 per share
• Price / Cash Flow: 7.41
• Book Value: $11.18 per share
• Price / Book: 0.68

Miscellaneous

• Outstanding Shares: 22,230,000
• Free Float: 21,678,000
• Market Cap: $169.06 million
• Optionable: Optionable
• Beta: 0.41