WhiteHorse Finance: Growing Non-Accruals And Lower Earnings (Rating Downgrade) [Seeking Alpha]
WhiteHorse Finance, Inc. - Closed End Fund (WHF)
Last whitehorse finance, inc. - closed end fund earnings: 11/7 08:00 am
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US:NASDAQ Investor Relations:
whitehorsefinance.com
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Source: Seeking Alpha
Follow Summary WhiteHorse Finance's earnings and portfolio quality are deteriorating due to sensitivity to elevated interest rates, impacting net investment income and distribution coverage. WHF's non-accrual rate has increased to 5.7%, indicating portfolio weakness and raising concerns about management's underwriting capabilities. Despite a high dividend yield of 13%, weakened distribution coverage and declining NAV per share reduce confidence in sustaining current distribution rates. WHF trades at an 11.6% discount to NAV, but this reflects current portfolio conditions rather than an attractive buying opportunity; rating downgraded to sell. Somogyvari/E+ via Getty Images Overview When I previously covered WhiteHorse Finance ( NASDAQ: WHF ), the business development company provided solid distribution coverage through earnings but lacked any impactful NAV growth over time. I wanted to take some time to revisit WHF since their Q2 earnings were recently reported. WHF i
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WHF
News
- H.I.G. Capital Signs Agreement to Take a Strategic Stake in the HELLER Group [Yahoo! Finance]Yahoo! Finance
- WhiteHorse Finance, Inc. To Report Fourth Quarter 2024 and Full Year Financial ResultsPR Newswire
- WhiteHorse Finance, Inc. (NASDAQ: WHF) had its price target lowered by analysts at JPMorgan Chase & Co. from $10.00 to $9.50. They now have an "underweight" rating on the stock.MarketBeat
- H.I.G. Capital Completes Sale of Soleo Health [Yahoo! Finance]Yahoo! Finance
- H.I.G. Realty Acquires Radio House and St. Andrew's House, a Prime Life Sciences Campus in Cambridge, U.K. [Yahoo! Finance]Yahoo! Finance
WHF
Earnings
- 11/7/24 - Miss
WHF
Analyst Actions
- 2/3/25 - JP Morgan
WHF
Sec Filings
- 2/3/25 - Form 8-K
- 1/22/25 - Form 8-K
- 12/26/24 - Form 8-K
- WHF's page on the SEC website