WhiteHorse Finance Q2 NAV per share rises on portfolio markups

WhiteHorse Finance

10/08/2026 22:10

Overview
US business lender's Q2 net investment income per share fell 14% from prior quarter
Net asset value per share rose 2.6% to $11.77, driven by portfolio markups and buybacks
Company to reduce incentive fee rate to 17.5% for next quarter

Outlook
Company declares $0.25 per share distribution for qtr ending September 30, 2026
Company to reduce incentive fee on net investment income to 17.5% for next fiscal qtr
WhiteHorse Finance says it remains focused on preserving liquidity and managing risk

Result Drivers
PORTFOLIO MARKUPS - Co said net asset value growth was driven by favorable portfolio markups
SHARE REPURCHASES - Co said share buybacks at a discount to NAV had an accretive impact on net asset value
SELECTIVE INVESTING - Co said it selectively deployed capital into new investments while keeping leverage below target range

Company press release: ID:nPn7dtFMDa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Asset Value Per Share
 
$11.77
 

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"
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 $8.25, about 21.7% above its August 7 closing price of $6.78
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

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(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.)