WhiteHorse Finance, Inc.

WHF

$7.15

+0.78%

2026-09-04 09:50:19 EDT+$0.06

Financial Services

Asset Management

NASDAQ

활발히 거래 중

WhiteHorse Finance, Inc. is business development company, non-diversified, closed end management company specializing in originating senior secured loans, lower middle market, growth ...

WHF 주가 흐름

$7.15

+0.78%+$0.06

고가—

저가—

52주 최고-6.9%

거래량비—

간격

범위5.2h

거래량—SMA5SMA10

—

WhiteHorse Finance, Inc. (NASDAQ: WHF) is an externally managed, non-diversified, closed-end management investment company that has elected to be treated as a business development company (BDC) under the Investment Company Act of 1940. Founded in 2011 and headquartered in Miami, Florida, the company specializes in originating senior secured loans to ...WhiteHorse Finance, Inc. (NASDAQ: WHF) is an externally managed, non-diversified, closed-end management investment company that has elected to be treated as a business development company (BDC) under the Investment Company Act of 1940. Founded in 2011 and headquartered in Miami, Florida, the company specializes in originating senior secured loans to privately held, lower middle market companies with enterprise values typically between $50 million and $350 million. Investment sizes range from $5 million to $25 million, targeting sectors such as healthcare services, software, business services, and consumer products. WHF aims to generate current income and capital appreciation through a diversified portfolio, with over $569 million in investments as of mid-2026, funded through a combination of equity and debt. The company is led by CEO Stuart Daniel Aronson, with a small team of 3 employees, though it leverages the resources of its external manager, WhiteHorse Capital, which employs over 75 investment professionals. WHF has invested over $2.9 billion across 278 transactions since its IPO in 2012. The company focuses on risk-adjusted returns, emphasizing strong credit underwriting and asset management. WHF is structured as a BDC, which requires it to distribute at least 90% of its taxable income to shareholders, resulting in a high dividend yield (approximately 17.6% as of the latest data). Financially, WHF maintains a conservative leverage profile with a market cap of about $144 million, and trades at a price-to-book ratio of 0.57, suggesting potential value. The company's investment strategy is designed to perform across economic cycles, with a focus on downside protection and senior secured positions.펼치기접기

설립

2011

직원 수

CEO

Stuart Daniel Aronson

정식 명칭

WhiteHorse Finance, Inc.

섹터

Financial Services

산업

Asset Management

ROE

6.83%

시가총액

$0.15B

유동비율

0.30

WACC

6.78%

ROIC

-35.05%

연락처 정보

https://www.whitehorsefinance.com

13053792322

1450 Brickell Avenue, 31st Floor, Miami, FL 33131

WHF 핵심 지표

스냅샷

최근 / TTM · 6개 기간

시가총액

$153.45M

ROCE

4.5%

EV / EBITDA

16.18x

-2.1% YoY

FCF 수익률

51.1%

+39.2% YoY

현금전환주기

17.7d

유동비율

0.30

요약

TTM —

Current ratio below 1.0

Negative working capital

WHF 재무 하이라이트

수익성 추세

최신 / TTM · 6개 기간

매출총이익률

61.2%

순이익률

37.2%

P/E 비율

9.03x

없음

부채 / 자본

1.29

없음

유동비율

0.30

배당수익률

16.6%

이해

TTM —

유동비율이 1.0 미만입니다

WHF 캘린더

예정

2026년 9월 21일17일 후
배당락일
$1.14 주당
2026년 9월 30일26일 후
Q3 FY2026 · 실적 전망
예상 EPS $0.25 · 매출 $15.19M · 4 명의 애널리스트
2026년 10월 5일31일 후
배당 지급일
$1.14 주당
2026년 12월 30일
Q4 FY2026 · 실적 전망
예상 EPS $0.25 · 매출 $15.63M · 4 명의 애널리스트

최근 이력

2026년 8월 10일
Q2 FY2026 · 실적 발표 완료
EPS $0.48 · 매출 $14.37M
공시 보기
2026년 5월 7일
Q1 FY2026 · 실적 발표 완료
EPS $-0.03 · 매출 $11.16M
공시 보기
2026년 3월 6일
FY2025 · 연간 실적 발표
EPS $0.62 · 매출 $37.89M
공시 보기
2025년 11월 10일
Q3 FY2025 · 실적 발표 완료
EPS $-0.02 · 매출 $6.74M
공시 보기
2025년 8월 7일
Q2 FY2025 · 실적 발표 완료
EPS $0.10 · 매출 $10.04M
공시 보기
2025년 5월 12일
Q1 FY2025 · 실적 발표 완료
EPS $0.30 · 매출 $11.68M
공시 보기

WHF 재무제표

5년 추세(매출, 이익, FCF)

지표	최신	전년 대비YoY는 Year-over-Year(전년 대비)를 의미합니다. 최근 연도 값을 이전 연도 값과 비교하여 장기 추세의 강도를 보여줍니다.	전분기 대비QoQ는 Quarter-over-Quarter(전분기 대비)를 의미합니다. 최근 분기를 직전 분기와 비교하여 단기 모멘텀 변화를 보여줍니다.
매출고객에게 물건을 판매하여 청구서가 지급되기 전까지 들어온 총 금액입니다. 고객의 모든 카드 결제의 총합이라고 보시면 됩니다. (YoY는 올해를 작년 성과와 비교하며, QoQ는 최근 3개월을 이전 3개월과 비교합니다).	$37.9M	+121.6%	+28.7%
순이익절대적인 최종 이익입니다. 회사가 모든 공급업체, 직원, 은행, 세무 당국에 비용을 지불하고 남은 실제 금액입니다.	$14.3M	+32.1%	+1615.1%
매출총이익률기본적인 마진입니다. 100달러짜리 운동화를 판매한다면, 이 비율은 원료와 끈 비용을 지불한 직후의 이익이 가격의 얼마인지를 나타내며, 매장 임대료나 TV 광고 같은 비용은 제외됩니다.	+52.3%	-47.7%	+16.1%
영업이익률본업의 효율성 점수입니다. 고객이 지불하는 1달러 중에서 제품을 만들고 모든 일상적인 회사 운영비(급여, 마케팅, 임대료 등)를 지불한 후 회사가 보유하는 금액을 나타냅니다.	+100.9%	+44.1%	+70.5%
순이익률최종 이익 비율입니다. 모든 비용, 세금, 이자를 차감한 후, 매출 1달러 중 회사가 실제로 보유하는 정확한 액수입니다.	+37.8%	-40.4%	+1276.9%
잉여현금흐름기업 현금흐름의 핵심입니다. 일상적인 운영비를 지불하고 생존에 필요한 큰 설비(공장, 서버 등)에 투자한 후 남은 사용 가능한 실제 현금입니다. 배당금이나 자사주 매각에 사용될 수 있는 '자유' 현금입니다.	$19.3M	-75.5%	+805.1%
FCF 마진궁극의 현금 전환율입니다. 일반 매출을 즉시 사용 가능한 현금으로 얼마나 잘 전환하는지를 나타냅니다. 비율이 높을수록 현금 창출 능력이 우수합니다.	+50.9%	-89.0%	+647.7%
부채/자본재무 리스크 지표입니다. 차입금으로 구축된 자산과 주주의 자기자본 비율을 비교합니다. 높으면 레버리지가 크고 위험이 큽니다.	124.7%	+1.0%	-0.8%
유동비율12개월 생존 점검입니다. 현재 보유한 현금과 즉시 현금화 가능한 자산으로 1년 내 갚아야 할 즉시 청구서를 갚을 수 있는지를 비교합니다. 1 이상이면 당장 지급에 충분합니다.	1.14x	+154.8%	-25.7%
총자산회사의 절대적인 규모입니다. 계산대의 현금, 창고의 재고, 소프트웨어 특허, 공장 등 회사가 보유한 모든 가치 있는 자산을 합친 것입니다.	$615.1M	-9.1%	-0.3%

실적 vs 추정치

A Dec 31Q Jun 30

지표	연간 (실적 vs 추정치)	연간 서프라이즈	분기 (실적 vs 추정치)	분기 서프라이즈
EPS 서프라이즈	0.62 vs 1.11	-43.9%	0.48 vs 0.25	+91.4%
매출 서프라이즈	$37.9M vs $72.2M	-47.5%	$14.4M vs $15.7M	-8.2%

WHF 내부자 거래

매수 (A)

Since Jun 1, 2026

매도 (D)

Since Jun 1, 2026

매수/매도 주식 수와 종가 추세(공통 일간 가격 소스)

내부자 거래 스냅샷

날짜	임원	직책	증권	구분	주식 수	가격
Jun 18, 2026	BOLDUC JOHN	director	Common Stock, par value $0.001 per share	A	7,690	$6.49
Jun 18, 2026	BOLDUC JOHN	director	Common Stock, par value $0.001 per share	A	7,690	$6.49
Jun 15, 2026	Aronson Stuart D	director, officer: Chief Executive Officer	Common Stock, par value $0.001 per share	A	15,000	$6.41
Jun 5, 2026	BOLDUC JOHN	director	Common Stock, par value $0.001 per share	A	3,570	$6.77
Jun 5, 2026	BOLDUC JOHN	director	Common Stock, par value $0.001 per share	A	3,570	$6.76

WHF 실적 발표 스크립트

1개 녹취록 세그먼트

Q2 2026

발화자 미상

Operator: Good afternoon, everyone. My name is Bo, and I will be your conference operator today. At this time, I would like to welcome everyone to the WhiteHorse Finance Second Quarter 2026 Earnings Conference Call. Our host for today's call are Mr. Stuart Aronson, Chief Executive Officer; and Mr. Joyson Thomas, Chief Financial Officer. Today's call is being recorded, and a replay is available through a webcast in the Investor Relations section of our website at whitehorsefinance.com. [Operator Instructions] It is now my pleasure to turn the call over to Mr. Robert Brinberg of Rose & Company. Please go ahead, sir. Robert Brinberg: Thank you, Bo, and thank you, everyone, for joining us today to discuss WhiteHorse Finance's Second Quarter 2026 Earnings Results. Before we begin, I'd like to remind everyone that certain statements, which are not based on historical facts made during this call, including any statements relating to financial guidance, may be deemed forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Because these forward-looking statements involve known and unknown risks and uncertainties, these are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. WhiteHorse Finance assumes no obligation or responsibility to update any forward-looking statements. Today's speakers may refer to material from the WhiteHorse Finance Second Quarter 2026 earnings presentation, which was posted on our website yesterday. With that, allow me to introduce WhiteHorse Finance's CEO, Stuart Aronson. Stuart, you may begin. Stuart Aronson: Thank you, Rob. Good afternoon, everyone, and thank you for joining us today. As you're aware, we issued our earnings yesterday after market close, and I hope you've had a chance to review our results for the period ending June 30, 2026, which can also be found on our website. On today's call, I'll begin by addressing our second quarter results and current market conditions. Then Joyson Thomas, our Chief Financial Officer, will discuss our performance in greater detail, after which, we will open the floor for questions. At a high level, our second quarter results reflect 3 main themes: one, net asset value per share increased, primarily driven by unrealized gains in one of our existing workout accounts; two, share repurchases during the quarter, again provided a meaningful benefit to NAV per share accretion; and three, core earnings moderated relative to the prior quarter, reflecting a portfolio yield that was impacted as a result of a smaller average portfolio size as well as our loan investment in Outward Hound going on to nonaccrual status in the first quarter. Touching more specifically on unrealized appreciation in the portfolio and following the markdowns that weighed on the first quarter's results that we had previously flagged, our portfolio marks turned net positive for this …

WHF 리더십 팀

임원 4명

이름	직함	성별	출생 연도	상태
Richard H. Siegel	Secretary	Male	1966	Active
Stuart D. Aronson	Chief Executive Officer & Director	Male	1963	Active
Joyson C. Thomas	Chief Financial Officer & Principal Accounting Officer	Male	1982	Active
Marco A. Collazos	Chief Compliance Officer	Male	1976	Active

WHF 최근 뉴스

Seeking Alpha2026. 8. 11.Neutral

WhiteHorse Finance (WHF) Q2 2026 Earnings Call Transcript

MarketBeat2026. 8. 11.Neutral

WhiteHorse Finance Q2 Earnings Call Highlights

WhiteHorse Finance NASDAQ: WHF reported second-quarter core net investment income of $4.7 million, or $0.217 per share, down from $5.6 million, or $0.253 per share, in the first quarter. The company said the decline reflected a smaller average portfolio and the first-quarter move of its Outward Hound loan investment to non-accrual status.

Zacks Investment Research2026. 8. 10.Neutral

WhiteHorse Finance (WHF) Misses Q2 Earnings and Revenue Estimates

WhiteHorse Finance (WHF) came out with quarterly earnings of $0.22 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.28 per share a year ago.

PRNewsWire2026. 8. 10.Neutral