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WhiteHorse Finance Q3 investment income rises 3%, declares distributions

By Reuters News


Overview

  • U.S. business lender's Q3 total investment income rose 3% from prior quarter

  • Core net investment income per share increased 3% sequentially; net investment income per share fell 5%

  • Company declared $0.25 regular and $0.17 special distributions per share


Outlook

  • WhiteHorse Finance declares a $0.25 per share distribution for the qtr ending Dec 31, 2026

  • Company to pay a special distribution of $0.17 per share on Dec 10, 2026

  • WhiteHorse Advisers to reduce incentive fee on net investment income to 17.5% for next qtr


Result Drivers

  • PORTFOLIO MARKUPS - Co said net asset value per share increased for a second consecutive qtr, driven by favorable portfolio markups

  • NON-ACCRUALS DECLINE - Co said non-accruals declined following completion of a restructuring, with no new non-accruals in the qtr

  • DISCIPLINED ORIGINATIONS - Co said all new originations in the qtr were first lien loans and it maintained discipline in new investments


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Asset Value Per Share

$11.82


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "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 $9.00, about 7.3% above its November 6 closing price of $8.39

  • The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 6 three months ago


Reuters Recommended Reads

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  • Nov 6 - Franklin Resources prelim Q4 operating revenue beats estimates on record AUM


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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