Welcome to our dedicated page for Whitehorse news (Ticker: WHF), a resource for investors and traders seeking the latest updates and insights on Whitehorse stock.
WhiteHorse Finance, Inc. operates as a business development company focused on debt investments in privately held, lower middle market U.S. companies. News about WHF centers on quarterly earnings, declared distributions, portfolio originations, repayments and realizations, and management of credit performance across senior secured loans and related investments.
Company updates also cover activity involving STRS JV, share repurchase authorization and execution, liquidity and risk management commentary, and the timing of financial-results releases and conference calls. Recurring themes include portfolio composition, investment selectivity, underperforming credits, taxable-income distributions, and changes affecting book value and net asset value.
WhiteHorse Finance, Inc. (Nasdaq: WHF) has announced the pricing of an underwritten primary offering of 1,900,000 shares at $15.81 each, aiming for net proceeds of approximately $29.1 million. The offering includes a 30-day option for underwriters to purchase an additional 285,000 shares. Proceeds will be utilized for investing in portfolio companies and general corporate purposes. The offering is scheduled to close on October 25, 2021. Joint book-running managers include Raymond James and Deutsche Bank.
WhiteHorse Finance, Inc. (Nasdaq: WHF) announced an underwritten primary offering of its common stock. The company plans to utilize the net proceeds from this offering primarily to invest in portfolio companies in line with its investment objectives and strategies. The offering will be made under the company’s shelf registration statement, which has been approved by the Securities and Exchange Commission. Leading investment firms such as Raymond James & Associates, Deutsche Bank Securities, and Keefe, Bruyette & Woods are acting as joint book-running managers for this offering.
WhiteHorse Finance, Inc. (Nasdaq: WHF) has declared a special distribution of $0.135 per share, set to be paid on December 10, 2021. Stockholders of record as of October 29, 2021 will receive this payment. Distributions may include a return of capital and/or capital gains, with specific tax characteristics reported on Form 1099-DIV post-year-end. The company focuses on originating and investing in loans to privately held, lower middle-market firms across various industries, managed by H.I.G. WhiteHorse Advisers, part of H.I.G. Capital, which oversees over $45 billion in assets.
WhiteHorse Finance reported a net asset value of $319.6 million or $15.42 per share for Q2 2021, an increase from $314.3 million in Q1 2021. The company declared a distribution of $0.355 per share for Q3 2021, payable on October 4, 2021. Net investment income rose 17.3% year-over-year to $6.1 million, while core net investment income increased 34.6% to $7.0 million. Investment activity included $103.8 million in gross deployments. However, net realized and unrealized gains decreased to $4.4 million from $17.6 million in the prior year, reflecting market conditions.
WhiteHorse Finance, Inc. (Nasdaq: WHF) will announce its second quarter financial results for the period ending June 30, 2021, on August 9, 2021, at 1:00 p.m. ET. This financial update will include a conference call discussing the results, which investors can join by dialing 877-876-9174. A replay of the call will be available shortly after through August 16, 2021. The company, managed by H.I.G. Capital, focuses on investing in loans for lower middle market companies, managing approximately $44 billion in assets.
WhiteHorse Finance, Inc. (WHF) reported its financial results for Q1 2021, noting a net asset value of $314.3 million, or $15.27 per share. The investment portfolio totaled $617.0 million, with gross investment deployments of $57.7 million. Net investment income increased by approximately 24.6% year-over-year to $7.6 million ($0.370 per share). The board declared a distribution of $0.355 per share for the quarter ending June 30, 2021, payable on July 2, 2021. Key metrics highlight robust performance, including a significant recovery from the previous year’s losses.
WhiteHorse Finance, Inc. (Nasdaq: WHF) will announce its first quarter financial results for the period ending March 31, 2021, on May 10, 2021. Investors can participate in a teleconference at 1:00 p.m. ET to discuss these results. The call will be accessible via phone and through the company's website, with a replay available two hours post-call until May 24, 2021. WhiteHorse Finance specializes in originating loans to privately held, lower middle market companies across diverse sectors, managed by H.I.G. WhiteHorse Advisers, LLC.
WhiteHorse Finance (WHF) reported its financial results for the year ended December 31, 2020. The net asset value stood at $312.9 million, or $15.23 per share. Total investment portfolio reached $690.7 million, with gross investment deployments of $286.9 million for the year. Net investment income dropped to $24.2 million, a decrease of 22.4% year-over-year. The company declared a distribution of $0.355 per share for Q1 2021, payable on April 5. CEO Stuart Aronson highlighted a record origination volume in Q4 2020 despite market challenges.
WhiteHorse Finance (WHF) will release its fourth quarter and full year financial results for the period ending December 31, 2020 on March 2, 2021. A teleconference will be held at 2:30 p.m. ET to discuss these results. Investors can access the call by dialing 706-758-9224 or via the company's website. A replay will be available until March 9, 2021. WhiteHorse Finance focuses on originating and investing in loans for lower middle-market companies.
On December 7, 2020, H.I.G. Bayside Funds sold 4,863,172 shares of WhiteHorse Finance (WHF) to H.I.G. Bayside Loan Opportunity Fund IV, maintaining control within H.I.G. Capital. This transaction reduces H.I.G. Bayside Funds' stake from 51.25% to 23.67% since March 2019, driven by shareholder input to enhance liquidity. The Legacy Bayside Funds, WhiteHorse's largest shareholder since its IPO in 2012, had to divest due to term expiration. Future sales of WHF shares by Bayside Fund IV are anticipated but not detailed in this release.