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. (NASDAQ: WHF) is a business development company that focuses on originating and investing in loans to privately held, lower middle market companies across a broad range of industries. This news page aggregates company-issued press releases and related coverage so readers can follow how WhiteHorse Finance reports on its portfolio, distributions, and corporate actions over time.
Recent news items for WhiteHorse Finance, Inc. have centered on quarterly earnings results, regular and special distributions, and portfolio activity. The company frequently announces its financial results for each quarter, detailing total investment income, net investment income, net realized and unrealized gains or losses, net asset value per share, and the fair value and composition of its investment portfolio. These releases often highlight the mix of first lien secured loans, second lien loans, unsecured loans, equity holdings, and investments in STRS JV, as well as the weighted average effective yield on income-producing debt investments.
Investors following WHF news will also see updates on distributions per share declared by the board of directors, including periods where distributions have been at or above a stated level for many consecutive quarters since the company’s initial public offering. The company has announced special distributions in certain periods and has provided details on record dates and payment dates. In addition, news releases describe conference calls to discuss results, including dial-in information, replay options, and webcast availability.
Other notable news items include announcements of a stock repurchase program authorized by the board of directors, voluntary fee reductions by the company’s adviser for specified periods, and commentary from management on portfolio repositioning and underperforming investments. By checking this page regularly, readers can review WhiteHorse Finance, Inc.’s official communications on earnings, distributions, capital management actions, and portfolio developments.
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.
WhiteHorse Finance announced the sale of $20 million in notes, consisting of $10 million of 5.375% notes due 2026 and $10 million of 5.625% notes due 2027. The offering is part of a follow-on to a previous $40 million issuance on October 20, 2020. Proceeds will be used for refinancing existing debt and general corporate purposes. The notes are unsecured and interest will be paid semiannually. If the notes lose their investment grade rating, interest rates may increase by 1.0%. Maturities are set for December 2026 and December 2027.
WhiteHorse Finance reported its financial results for Q3 2020, showcasing a net asset value of $314.6 million or $15.31 per share. The company declared a distribution of $0.355 per share for the quarter ending December 31, 2020, payable on January 5, 2021. Despite a 32.2% decline in net investment income year-over-year to $5.9 million, core net investment income stood at $7.8 million. The investment portfolio grew to $595.3 million with a weighted average yield of 9.9%, and a strong pipeline for Q4.