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WHF — WhiteHorse Finance News Story

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WhiteHorse Finance Q1 investment income falls

Overview

U.S. business lender's Q1 total investment income fell 8.5% from prior quarter

Company declared Q1 distribution of $0.25 per share; incentive fee reduced for next quarter

Outlook

WhiteHorse Advisers to reduce incentive fee rate to 17.5% for next fiscal quarter

Company says it remains focused on preserving liquidity and managing risk

Result Drivers

PORTFOLIO MARKDOWNS - Co said results reflected anticipated portfolio markdowns, with most of the portfolio remaining stable

CREDIT MANAGEMENT - Co continued to actively manage previously identified credit situations and maintained discipline in new originations

Company press release: ID:nPncdvmGKa

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 Net Asset Value Per Share$11.47
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" Wall Street's median 12-month price target for WhiteHorse Finance Inc is $7.50, about 1.3% below its May 6 closing price of $7.60 The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago 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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