YOLFTbeta
WhiteHorse Finance

WhiteHorse Finance

WHF · NASDAQ · Financial Services / Asset Management

8.26USD-0.05 (-0.60%)

Price History

Full chart

Market Stats

Previous Close8.31
Open8.19
Day Range8.17 – 8.34
52-Week Range5.47 – 7.29
Volume93.53K
Market Cap151.41M
P/E (TTM)8.92
Forward P/E7.10
EPS0.79
Dividend Yield14.33%
Beta0.42
50-Day Avg6.93
200-Day Avg6.96

About

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.

Company Details

  • SectorFinancial Services
  • IndustryAsset Management
  • CEOMr. Stuart Daniel Aronson
  • Employees0
  • Headquarters1450 Brickell Avenue, Miami, FL, United States, 33131, USA
  • Websitehttps://www.whitehorsefinance.com

Leadership

  • Mr. Stuart Daniel AronsonCEO & Director · b. 1963
  • Mr. Joyson C. Thomas CPACFO & Principal Accounting Officer · b. 1982
  • Mr. Marco A. CollazosChief Compliance Officer · b. 1976
  • Mr. Richard H. Siegel J.D.Secretary · b. 1966

Financials

Income Statement

Currency: USD2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue40.71M22.39M23.33M639.00K42.42M46.98M72.90M34.24M36.02M35.35M43.29M55.60M17.09M37.89M
Growth (%)--45.02%+4.21%-97.26%+6538.81%+10.74%+55.18%-53.03%+5.20%-1.85%+22.46%+28.42%-69.25%+121.65%
Cost of Revenue406.00K-15.23M-14.22M14.02M8.19M9.81M11.60M32.08M20.77M22.18M21.94M29.91M27.90M18.07M
Gross Profit40.31M22.39M37.55M-13.38M34.23M37.17M61.30M34.24M36.02M35.35M21.35M25.68M17.09M19.82M
Gross Margin99.00%100.00%160.96%-2094.52%80.70%79.12%84.09%100.00%100.00%100.00%49.32%46.19%100.00%52.31%
Operating Expense-1.89M3.08M20.55M-34.14M7.22M10.96M3.06M2.59M3.59M4.25M4.65M4.30M5.12M-18.41M
Operating Income42.20M19.31M17.00M20.75M27.01M26.21M58.24M31.65M32.43M31.10M16.71M21.38M11.97M38.23M
Operating Margin103.65%86.26%72.88%3248.04%63.67%55.80%79.89%92.45%90.03%87.96%38.59%38.45%70.03%100.89%
EBITDA43.33M24.65M25.36M30.73M27.01M26.21M58.68M31.65M32.43M38.70M16.71M21.38M21.54M37.48M
EBITDA Margin106.43%110.12%108.72%4808.45%63.67%55.80%80.49%92.45%90.03%109.48%38.59%38.45%126.00%98.90%
Net Income39.56M19.03M19.54M-2.83M31.33M34.45M57.30M30.84M31.68M30.09M15.68M20.41M10.85M14.34M
Net Income Margin97.16%85.01%83.78%-442.41%73.85%73.33%78.60%90.07%87.97%85.12%36.23%36.71%63.47%37.84%
R&D----0.590.630.60.460.480.370.210.2--
R&D as % of Total Revenue----0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense1.13M5.34M5.82M9.97M8.19M9.81M11.60M13.47M13.13M16.59M21.94M29.91M27.90M23.14M
Interest Expense % of Total Revenue2.78%23.86%24.94%1560.25%19.30%20.88%15.91%39.33%36.44%46.94%50.68%53.81%163.20%61.07%

Balance Sheet

Currency: USD2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets373.28M374.15M426.84M445.23M446.23M485.53M514.10M631.22M718.99M851.02M796.47M730.75M676.82M615.13M
Total Liabilities144.23M147.15M201.48M201.18M196.84M198.58M198.80M318.27M406.09M501.27M464.09M413.98M390.69M355.34M
Total Equity229.05M227.00M225.36M244.05M249.39M286.95M315.30M312.95M312.90M349.75M332.39M316.77M286.13M259.79M
Cash156.12M92.91M11.65M22.77M17.04M35.22M24.15M4.29M8.06M12.19M9.51M10.75M12.42M29.32M
Total Debt141.25M110.00M190.50M370.48M367.34M182.12M175.95M597.99M384.88M476.80M470.32M386.76M353.12M323.83M
Net Debt-14.87M17.09M178.85M164.23M165.30M146.90M151.81M294.63M376.82M464.61M431.74M-10.75M-12.42M294.51M

Cash Flow

Currency: USD2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow31.41M-13.34M-139.76M-4.51M22.26M7.17M31.07M-94.98M-64.60M-90.19M71.99M90.37M78.76M19.28M
Investing Cash Flow53.23M169.46M135.24M135.00M133.72M120.65M285.78M249.44M213.79M423.63M323.08M--21.03M57.99M
Financing Cash Flow124.71M-49.88M58.50M15.63M-27.99M2.87M-36.28M88.79M52.98M97.01M-68.49M-92.13M-75.40M-75.42M
Capital Expenditure00000000000000
Free Cash Flow31.41M-13.34M-139.76M-4.51M22.26M7.17M31.07M-94.98M-64.60M-90.19M71.99M90.37M78.76M19.28M
Dividends Paid-17.38M21.19M21.28M25.99M26.38M28.95M33.18M31.74M29.80M33.14M35.33M41.49M36.61M
FCF to OCF100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%
Dividend Paid to FCF--130.23%-15.16%-471.75%116.77%367.99%93.18%-34.94%-49.14%-33.04%46.04%39.09%52.68%189.84%

Earnings

Report DateMay 14, 2013Aug 13, 2013Nov 12, 2013Feb 27, 2014May 7, 2014Aug 6, 2014Nov 10, 2014Mar 3, 2015May 6, 2015Aug 5, 2015Nov 5, 2015Mar 3, 2016May 5, 2016Aug 5, 2016Nov 3, 2016Mar 2, 2017May 5, 2017Aug 8, 2017Nov 7, 2017Mar 2, 2018May 8, 2018Aug 8, 2018Nov 6, 2018Mar 6, 2019May 8, 2019Aug 7, 2019Nov 7, 2019Mar 2, 2020May 11, 2020Aug 10, 2020Nov 9, 2020Mar 2, 2021May 10, 2021Aug 9, 2021Nov 9, 2021Mar 3, 2022May 10, 2022Aug 10, 2022Nov 14, 2022Mar 2, 2023May 9, 2023Aug 8, 2023Nov 9, 2023Feb 29, 2024May 8, 2024Aug 8, 2024Nov 7, 2024Mar 7, 2025May 6, 2025Aug 7, 2025Nov 10, 2025Feb 26, 2026May 7, 2026Aug 10, 2026Nov 9, 2026
EPS Estimate0.310.310.340.280.300.270.300.290.330.350.360.350.340.350.350.360.360.370.350.330.330.360.340.360.360.370.350.360.360.280.290.320.370.370.370.370.370.340.360.430.440.460.460.460.460.450.420.400.330.310.290.270.280.250.25
EPS Actual0.270.320.420.280.270.270.270.330.360.390.380.350.370.350.400.360.360.380.290.330.420.330.350.390.370.350.400.390.300.260.380.350.380.300.370.320.340.340.370.480.460.460.470.460.470.400.390.340.180.280.260.290.250.22-
Surprise-12.90%3.23%23.53%0.00%-10.00%0.00%-10.00%13.79%9.09%11.43%5.56%0.00%8.82%0.00%14.29%0.00%0.00%2.70%-17.14%0.00%27.27%-8.33%2.94%8.33%2.78%-5.41%14.29%8.33%-16.67%-7.14%31.03%9.38%2.70%-18.92%0.00%-13.51%-8.11%0.00%2.78%11.63%4.55%0.00%2.17%0.00%2.17%-11.11%-7.14%-15.00%-44.48%-9.68%-10.34%4.74%-10.71%-12.00%-
TimingPre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap151.41M
Enterprise Value467.39M
Trailing P/E8.92
Forward P/E7.10
PEG Ratio1.01
Price / Sales2.32
Price / Book0.60
EPS0.79
Book Value11.68
Revenue (TTM)65.26M
Gross Profit (TTM)65.26M
Profit Margin26.88%
Operating Margin66.34%
Return on Equity6.65%
Return on Assets4.33%
Shares Outstanding21.48M
Shares Float0
Beta0.42
Dividend Yield14.33%
Dividend Rate1.00
Payout Ratio99.31%

Analyst Ratings

Hold
Based on 4 analystsTarget 7.83
  • Hold
    3
  • Sell
    1

Ownership Breakdown

Institutions
35.46%
Insiders
3.90%
Retail / Other
60.64%

Top Institutional Holders

  • Lalia Capital, LLC
    712.77K3.32%
  • Two Sigma Investments LLC
    430.60K2.00%
  • Ethos Financial Group LLC
    360.53K1.68%
  • CastleKnight Management LP
    292.46K1.36%
  • Bank of America Corp
    185.00K0.86%
  • Legal & General Group PLC
    169.07K0.79%
  • Bank of Montreal
    114.84K0.53%
  • BMO Capital Markets Corp.
    114.84K0.53%
  • Ronald Blue Trust, Inc.
    95.60K0.45%
  • Marshall Wace Asset Management Ltd
    76.27K0.36%
  • BlackRock Inc
    72.95K0.34%
  • Sound Income Strategies
    70.99K0.33%
  • LPL Financial Corp
    69.77K0.32%
  • Trexquant Investment LP
    67.49K0.31%
  • Advisors Asset Management
    60.82K0.28%
  • Virtus Investment Advisors (VIA)
    60.57K0.28%
  • Basso Capital Management LP
    52.50K0.24%

Top Fund Holders

  • Alternative Credit Income I
    107.33K0.50%
  • iShares Listed Private Eq ETF USD Dist
    70.66K0.33%
  • BankInvest Børsnoterede Alt. Akk. W
    48.49K0.23%

Dividends

20264×
0.17Oct 30, 20260.25Sep 21, 20260.25May 21, 20260.26Mar 12, 2026
20255×
0.25Dec 22, 20250.04Oct 31, 20250.39Sep 19, 20250.39Jun 18, 20250.39Mar 21, 2025
20245×
0.39Dec 20, 20240.24Oct 31, 20240.39Sep 18, 20240.39Jun 18, 20240.39Mar 21, 2024
20234×
0.39Dec 19, 20230.37Sep 18, 20230.37Jun 20, 20230.42Mar 23, 2023
20225×
0.35Dec 20, 20220.05Oct 28, 20220.35Sep 19, 20220.35Jun 16, 20220.35Mar 24, 2022
20211×
0.35Dec 17, 2021