WHF's portfolio quality continues to deteriorate, with non-accruals rising to 8.8% and earnings declining, justifying my ongoing sell rating. Despite a 17% dividend yield and a 25.6% discount to NAV, I see these as reflections of risk and weak fundamentals, not buying opportunities. Net investment income fails to cover the dividend, and reliance on spillover income is unsustainable; a dividend cut appears likely and necessary.
WhiteHorse Finance (NASDAQ:WHF ) Q1 2025 Earnings Conference Call May 13, 2025 4:30 PM ET Company Participants Robert Brinberg - President, Rose & Company Stuart Aronson - Chief Executive Officer Joyson Thomas - Chief Financial Officer Conference Call Participants Melissa Wedel - JPMorgan Robert Dodd - Raymond James Operator Good afternoon. My name is Margo, and I'll be your conference operator today.
WhiteHorse Finance (WHF) came out with quarterly earnings of $0.29 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.47 per share a year ago.
![]() WHF Today Announced | Quarterly | $0.39 Per Share |
![]() WHF 2 months ago Paid | Quarterly | $0.39 Per Share |
![]() WHF 5 months ago Paid | Quarterly | $0.39 Per Share |
![]() WHF 7 months ago Paid | Other | $0.24 Per Share |
![]() WHF 9 months ago Paid | Quarterly | $0.39 Per Share |
6 May 2025 Date | | 0.33 Cons. EPS | 0.18 EPS |
26 Feb 2025 Date | | 0.4 Cons. EPS | 0.34 EPS |
7 Nov 2024 Date | | 0.41 Cons. EPS | 0.4 EPS |
8 Aug 2024 Date | | 0.44 Cons. EPS | 0.4 EPS |
6 Aug 2024 Date | | 0.44 Cons. EPS | - EPS |
![]() WHF Today Announced | Quarterly | $0.39 Per Share |
![]() WHF 2 months ago Paid | Quarterly | $0.39 Per Share |
![]() WHF 5 months ago Paid | Quarterly | $0.39 Per Share |
![]() WHF 7 months ago Paid | Other | $0.24 Per Share |
![]() WHF 9 months ago Paid | Quarterly | $0.39 Per Share |
6 May 2025 Date | | 0.33 Cons. EPS | 0.18 EPS |
26 Feb 2025 Date | | 0.4 Cons. EPS | 0.34 EPS |
7 Nov 2024 Date | | 0.41 Cons. EPS | 0.4 EPS |
8 Aug 2024 Date | | 0.44 Cons. EPS | 0.4 EPS |
6 Aug 2024 Date | | 0.44 Cons. EPS | - EPS |
Asset Management Industry | Financial Services Sector | Mr. Stuart D. Aronson CEO | CXA Exchange | US96524V1061 ISIN |
US Country | - Employees | 18 Jun 2025 Last Dividend | - Last Split | 5 Dec 2012 IPO Date |