WhiteHorse Finance, Inc. 7.875% Notes due 2028

WHFCL • Investment - Banking & Investment Services

$7.43

— 0.00 (0.00%)

EarningsLatest report: Jun 30, 2026

BALANCED PROFILENeutralConfidence: 70%

Quantitative profile — not an investment recommendation.

Quantitative profile — not an investment recommendation.Methodology

Analysis thesis: Mixed profile. The company is not automatically unattractive, but valuation, growth, or balance-sheet evidence does not yet justify a stronger signal.

Market Cap

$160.28M

Growth

-3.8%

Cash Flow

5/5

Trend

Stable

Evidence

Stable or improving margins · 37.8%Positive free cash flow · 0.83Consistent free cash flow · 5/5Reasonable earnings multiple · 11.23Negative growth trend

Financial data as of: Jun 30, 2026, 12:00 AM UTCLast earnings update: Jun 30, 2026, 12:00 AM UTCLast profile update: Aug 13, 2026, 12:52 PM UTC

Company Snapshot

Key valuation, quality, financial strength, momentum and analyst data.

Price$7.43

Change0.00%

Shares Out21.57M

Market Cap$160.28M

Enterprise Value$132.33M

52W Range24.99 - 25.65

Beta0.59

P/E13.52

P/S3.40

P/B0.63

P/FCF2.06

EV/Sales2.81

Price$7.43

Change0.00%

Shares Out21.57M

Market Cap$160.28M

Enterprise Value$132.33M

52W Range24.99 - 25.65

Beta0.59

P/E13.52

P/S3.40

P/B0.63

P/FCF2.06

EV/Sales2.81

EV/EBITDA10.58

EV/FCF1.70

Earnings Yield7.40%

FCF Yield48.57%

Dividend Yield14.25%

Gross Margin52.31%

Oper. Margin100.89%

Profit Margin37.84%

Debt/Eq1.25

Current Ratio1.14

Quick Ratio1.14

Revenue 5Y-3.84%

FCF 5Y-6.87%

Target$12.00

Target Upside61.51%

Target Median$12.00

Target Range12.00 - 12.00

Volume848.00

Avg Volume1.82K

EPS Surprise-0.02

Investment DNA

How strong this company looks for long-term investors

out of 100

Business Quality

Margins, moat, returns

77/100

Financial Strength

Debt, cash, stability

51/100

Growth Potential

Revenue and expansion

20/100

Price Attractiveness

Cheap or expensive today

84/100

Why this score▼

Stable or improving margins · 37.8%Positive free cash flow · 0.83Consistent free cash flow · 5/5Reasonable earnings multiple · 11.23Negative growth trend

Analyst view

Analyst sentiment and price target

WHF

Analyst sentiment

Based on 18 analyst votes · 2026-10-20

61/100

Neutral

Bullish

Hold

Bearish

Price Target

2026-08-13

Low

$12.00

Mean

$12.00

Median

$12.00

High

$12.00

Company Overview

IPO: 8/28/2023

Industry: Investment - Banking & Investment Services

P/B i: 0.63

Debt / Equity i: 1.25

Operating Margin: 1.01%

Net Margin: 37.84%

ROE i: -

ROIC: -

Financial Health

Score10 / 20

Debt / Equity: 1.25

Current Ratio: 1.14

Quick Ratio: 1.14

Status: Moderate

Insider Transactions

Recent executive and insider activity

BOLDUC JOHN

Transaction: 06/18/2026

BUY

Change

+7,690

Price

$6.49

Filing

06/18/2026

Type

BUY

Aronson Stuart D

Transaction: 06/15/2026

BUY

Change

+15,000

Price

$6.41

Filing

06/16/2026

Type

BUY

BOLDUC JOHN

Transaction: 06/05/2026

BUY

Change

+3,570

Price

$6.76

Filing

06/05/2026

Type

BUY

Insider	Type	Change	Price	Transaction	Filing
BOLDUC JOHN	BUY	+7,690	$6.49	06/18/2026	06/18/2026
Aronson Stuart D	BUY	+15,000	$6.41	06/15/2026	06/16/2026
BOLDUC JOHN	BUY	+3,570	$6.76	06/05/2026	06/05/2026
BOLDUC JOHN	BUY	+3,570	$6.88	06/04/2026	06/05/2026
BOLDUC JOHN	BUY	+3,570	$6.81	06/02/2026	06/03/2026
BOLDUC JOHN	BUY	+3,570	$6.88	06/01/2026	06/03/2026
Volpe John Paul	BUY	+1,000	$6.74	05/29/2026	06/02/2026
BOLDUC JOHN	BUY	+3,570	$6.76	05/29/2026	05/29/2026
BOLDUC JOHN	BUY	+3,570	$6.81	05/28/2026	05/29/2026
BOLDUC JOHN	BUY	+3,570	$6.90	05/27/2026	05/29/2026
Aronson Stuart D	BUY	+5,000	$6.40	05/22/2026	05/26/2026
Aronson Stuart D	BUY	+20,000	$6.67	05/21/2026	05/26/2026
Thomas Joyson	BUY	+3,000	$6.62	05/21/2026	05/26/2026
Aronson Stuart D	BUY	+8,000	$6.95	03/23/2026	03/24/2026
Aronson Stuart D	BUY	+5,000	$7.10	03/20/2026	03/24/2026
Volpe John Paul	BUY	+1,000	$7.18	03/13/2026	03/17/2026
BOLDUC JOHN	BUY	+4,195	$7.13	03/16/2026	03/16/2026
BOLDUC JOHN	BUY	+4,195	$7.14	03/13/2026	03/16/2026
BOLDUC JOHN	BUY	+4,195	$7.14	03/12/2026	03/16/2026
BOLDUC JOHN	BUY	+4,138	$7.25	03/06/2026	03/09/2026

About the Company

WhiteHorse Finance, Inc.

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. 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.

Source - link

Peers

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Size reflects market cap · color matches the chart line

1Y peer performance

Top performers + selected company

Latest news

Dividend Announcements: October 10-16, 2026

I track dividend announcements across 1,200+ stocks. This week, I'm highlighting 12 dividend increases and 2 specials. LECO stands out with a 10.13% dividend increase, the highest Quality Score (8.54), and a 30-year streak, though it trades at fair value. IBKR posted a 71.43% dividend hike and leads in Dividend Safety (9.2), but offers a low 0.73% forward yield and weak financial strength.

Seeking Alpha

WhiteHorse Finance, Inc. Announces Special Distribution And To Report Third Quarter 2026 Financial Results

NEW YORK, Oct. 14, 2026 /PRNewswire/ -- WhiteHorse Finance, Inc. ("WhiteHorse Finance" or the "Company") (Nasdaq: WHF) today announced that its board of directors has declared a special distribution of $0.17 per share, which will be payable on December 10, 2026 to stockholders of record as of October 30, 2026. Distributions are paid from taxable earnings and may include a return of capital and/or capital gains.

PRNewsWire

WhiteHorse Finance: 15% Yield Sustainable With Range-Bound Trading Until NII Grows

WhiteHorse Finance is rated Hold due to ongoing underfunded dividends and lack of near-term catalysts for a valuation re-rating. WHF trades at a 40% discount to NAV with a 15% yield, but persistent NII shortfall and risk of further dividend cuts weigh on upside. Future NII growth depends on asset sales (notably Starco), Outward Hound's return to accrual status, and increased loan origination volume.

Seeking Alpha

Strength Seen in WhiteHorse (WHF): Can Its 5.5% Jump Turn into More Strength?

WhiteHorse (WHF) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

Zacks Investment Research

Legal & General Group Plc Takes $1.17 Million Position in WhiteHorse Finance, Inc. $WHF

Legal and General Group Plc bought a new position in shares of WhiteHorse Finance, Inc. (NASDAQ: WHF) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 174,879 shares of the investment management company's stock, valued at approximately $1,172,000. Legal and General Group

Defense World

Earnings Surprises

Period	Estimate	Actual	Surprise
2026-05-07	0.28	0.26	-0.02
2026-03-02	0.27	0.29	0.02
2025-11-10	0.2905	0.26	-0.0305
2025-08-07	0.31	0.28	-0.03
2025-05-12	0.33	0.29	-0.04
2025-03-07	0.39	0.34	-0.05
2024-11-07	0.42	0.39	-0.03
2024-08-08	0.44	0.4	-0.04
2024-05-08	0.46	0.47	0.01
2024-02-29	0.46	0.46	0
2023-11-09	0.46	0.47	0.01
2023-08-08	0.46	0.46	0