Overview

• WhiteHorse Finance's Q4 net asset value fell compared to last year

• Net investment income for Q4 decreased yr/yr due to lower yields and non-accruals

• Company increased stock repurchase program by $7.5 mln to $22.5 mln

• The distribution of $0.25 per share and supplemental distribution of $0.01 per share will be payable on April 6, 2026, to stockholders of record as of March 12, 2026.

Outlook

• WhiteHorse Finance focuses on disciplined portfolio management and restructuring resources

Result Drivers

• PORTFOLIO MANAGEMENT - CEO Stuart Aronson attributed improved earnings and increased NAV to disciplined portfolio management and share repurchases at a discount to book value

• COMPETITIVE ENVIRONMENT - Co remains selective in a highly competitive origination environment, focusing on structure and credit quality

• NET INVESTMENT INCOME DECLINE - Decrease in net investment income due to lower yields and investments placed on non-accrual status

Company press release: ID:nPn1J1S4Ka

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the closed end funds peer group is "buy."

• Wall Street's median 12-month price target for WhiteHorse Finance Inc is $7.50, about 19% above its February 27 closing price of $6.30

• The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)