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WhiteHorse Finance, Inc. (WHF)

Financial Services | Asset Management | Miami, United States | NasdaqGS
6.43 USD
After hours: 6.55 +0.12 (1.866%) ⇧ (July 13, 2026, 7:08 p.m. EDT)

Short-term:★★☆☆☆Long-term:★☆☆☆☆Dividends:★★☆☆☆
Hot Take | July 11, 2026, 2:43 a.m. EDT

The investment case here is fundamentally broken despite the attractive headline yield. The company is trapped in a multi-year structural decline, having lost nearly 23% of its value over the last nine years with four consecutive years of negative annual returns. This relentless downward trajectory suggests the market has correctly identified deteriorating business quality, rendering any low valuation multiples meaningless as a margin of safety. The 15.75% dividend yield is a dangerous trap; it is artificially inflated by a collapsing share price and is barely covering operating costs given the negative free cash flow. While insiders are buying, likely due to their own capital constraints or tax planning rather than a belief in a turnaround, the options market is screaming caution with heavy put positioning. The statistical forecast also leans negative, confirming the lack of immediate catalyst. This is a value trap where the promise of income masks the reality of a dying asset.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.082232
AutoETS0.100914
AutoARIMA0.100915
MSTL0.101382

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 44%
H-stat 23.14
Ljung-Box p 0.000
Jarque-Bera p 0.116
Excess Kurtosis -1.24
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-05-20
Last Dividend Date 2026-05-20
Debt to Equity Ratio 129.481
Revenue per Share 3.044
Market Cap 138,093,712
Trailing P/E 15.68
Forward P/E 6.49
Beta 0.41
Profit Margins 13.46%
Website https://www.whitehorsefinance.com

As of July 11, 2026, 2:43 a.m. EDT: Speculators are aggressively positioning for downside protection, evidenced by massive put volume (82 contracts) compared to negligible call volume (12 contracts) for the nearest expiration. Open interest is heavily skewed toward out-of-the-money puts at the $10 strike, while call open interest is concentrated at strikes significantly above the current price ($10-$12.50), indicating a 'long gamma' setup where traders expect volatility but anticipate the price staying below these levels.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
3.78% 16.34% 15.37% 13.83%
Dividend History
Date Dividend Yield %
2026-05-21 0.250 3.782148
2026-03-12 0.260 3.677511
2025-12-22 0.250 3.602305
2025-10-31 0.035 0.487465
2025-09-19 0.385 4.788557
2025-06-18 0.385 4.360136
2025-03-21 0.385 4.010417
2024-12-20 0.385 3.877140
2024-10-31 0.245 2.085106
2024-09-18 0.385 3.248945
2024-06-18 0.385 3.092370
2024-03-21 0.385 3.155738
2023-12-19 0.385 3.036278
2023-09-18 0.370 2.899686
2023-06-20 0.370 2.913386
2023-03-23 0.425 3.472222
2022-12-20 0.355 2.924217
2022-10-28 0.050 0.396511
2022-09-19 0.355 2.687358
2022-06-16 0.355 2.808544
2022-03-24 0.355 2.395412
2021-12-17 0.355 2.299223
2021-10-28 0.135 0.874352
2021-09-17 0.355 2.287371
2021-06-17 0.355 2.306693
2021-03-25 0.355 2.327869
2020-12-18 0.355 2.614138
2020-10-29 0.125 1.236400
2020-09-18 0.355 3.466797
2020-06-18 0.355 3.198198
2020-03-26 0.355 4.221165
2019-12-18 0.355 2.572464
2019-10-30 0.195 1.395848
2019-09-20 0.355 2.535714
2019-06-19 0.355 2.542980
2019-03-25 0.355 2.514164
2018-12-17 0.355 2.707857
2018-09-17 0.355 2.523099
2018-06-15 0.355 2.343234
2018-03-23 0.355 2.773437
2017-12-15 0.355 2.526690
2017-09-15 0.355 2.448276
2017-06-15 0.355 2.460152
2017-03-23 0.355 2.625740
2016-12-16 0.355 2.835463
2016-09-15 0.355 3.221415
2016-06-16 0.355 3.355388
2016-03-17 0.355 3.494095
2015-12-17 0.355 3.114035
2015-09-17 0.355 2.739198
2015-06-17 0.355 2.726574
2015-03-18 0.355 2.833200
2014-12-17 0.355 3.122252
2014-09-17 0.355 2.494730
2014-06-18 0.355 2.482517
2014-03-18 0.355 2.530292
2013-12-17 0.355 2.411685
2013-09-18 0.355 2.290323
2013-06-19 0.355 2.280026
2013-03-20 0.355 2.305195
2012-12-26 0.108 0.750521
Additional Data
dividendRate 1.0
dividendYield 15.56
exDividendDate 2026-05-21
trailingAnnualDividendRate 1.27
trailingAnnualDividendYield 0.19751167
lastDividendValue 0.25
lastDividendDate 2026-05-21
dividendDate 2026-07-06

Info Dump

Attribute Value
52 Week Change -0.27833897
Address1 1,450 Brickell Avenue
Address2 31st Floor
All Time High 16.72
All Time Low 5.51
Ask 8.26
Ask Size 2
Average Analyst Rating 3.2 - Hold
Average Daily Volume10 Day 69,450
Average Daily Volume3 Month 81,947
Average Volume 81,947
Average Volume10Days 69,450
Beta 0.414
Bid 4.62
Bid Size 2
Book Value 11.684
City Miami
Compensation As Of Epoch Date 1,767,139,200
Country United States
Crypto Tradeable 0
Currency USD
Current Price 6.43
Current Ratio 0.544
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 6.49
Day Low 6.3802
Debt To Equity 129.481
Display Name WhiteHorse Finance
Dividend Date 1,783,296,000
Dividend Rate 1.0
Dividend Yield 15.56
Earnings Call Timestamp End 1,778,176,800
Earnings Call Timestamp Start 1,778,176,800
Earnings Timestamp 1,778,157,000
Earnings Timestamp End 1,786,019,400
Earnings Timestamp Start 1,786,019,400
Ebitda Margins 0.0
Enterprise To Revenue 6.472
Enterprise Value 451,317,248
Eps Current Year 1.004
Eps Forward 0.99073
Eps Trailing Twelve Months 0.41
Esg Populated 0
Ex Dividend Date 1,779,321,600
Exchange NMS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 305 381 4180
Fifty Day Average 6.88
Fifty Day Average Change -0.4500003
Fifty Day Average Change Percent -0.065407015
Fifty Two Week Change Percent -27.833897
Fifty Two Week High 9.06
Fifty Two Week High Change -2.6300006
Fifty Two Week High Change Percent -0.29028702
Fifty Two Week Low 6.07
Fifty Two Week Low Change 0.35999966
Fifty Two Week Low Change Percent 0.059308015
Fifty Two Week Range 6.07 - 9.06
Financial Currency USD
First Trade Date Milliseconds 1,354,804,200,000
Five Year Avg Dividend Yield 13.18
Forward Eps 0.99073
Forward P E 6.490164
Free Cashflow -22,383,000
Full Exchange Name NasdaqGS
Gmt Off Set Milliseconds -14,400,000
Gross Margins 1.0
Gross Profits 69,733,000
Has Pre Post Market Data 1
Held Percent Insiders 0.039
Held Percent Institutions 0.35481998
Implied Shares Outstanding 21,476,471
Industry Asset Management
Industry Disp Asset Management
Industry Key asset-management
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,779,321,600
Last Dividend Value 0.25
Last Fiscal Year End 1,767,139,200
Long Business Summary WhiteHorse Finance, Inc. is business development company, non-diversified, closed end management company specializing in originating senior secured loans, lower middle market, growth capital industries. It invests in broadline retail, office services and supplies, building products, health care services, health care supplies, research and consulting services, application software, home furnishings, specialized consumer services, data processing and outsourced services, leisure facilities, cable, and satellite. It prefers to invest in United States. It typically invests between $5 million to $25 million in companies having enterprise value of between $50 million and $350 million.
Long Name WhiteHorse Finance, Inc.
Market us_market
Market Cap 138,093,712
Market State POSTPOST
Max Age 86,400
Message Board Id finmb_216853670
Most Recent Quarter 1,774,915,200
Net Income To Common 9,386,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 137,986,326
Number Of Analyst Opinions 3
Open 6.42
Operating Cashflow 112,525,000
Operating Margins 0.6764
Payout Ratio 3.1220002
Phone 305 379 2322
Post Market Change 0.12000036
Post Market Change Percent 1.8662577
Post Market Price 6.55
Post Market Time 1,783,984,111
Previous Close 6.43
Price Eps Current Year 6.4043827
Price Hint 2
Price To Book 0.5503252
Price To Sales Trailing12 Months 1.9803208
Profit Margins 0.1346
Quick Ratio 0.211
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key hold
Recommendation Mean 3.2
Region US
Regular Market Change 0.0
Regular Market Change Percent 0.0
Regular Market Day High 6.49
Regular Market Day Low 6.3802
Regular Market Day Range 6.3802 - 6.49
Regular Market Open 6.42
Regular Market Previous Close 6.43
Regular Market Price 6.43
Regular Market Time 1,783,972,801
Regular Market Volume 59,162
Return On Assets 0.04622
Return On Equity 0.0353
Revenue Growth -0.156
Revenue Per Share 3.044
Sand P52 Week Change 0.20847368
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 21,476,471
Shares Percent Shares Out 0.0138
Shares Short 296,287
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 379,534
Short Name WhiteHorse Finance, Inc.
Short Percent Of Float 0.0178
Short Ratio 4.0
Source Interval 15
State FL
Symbol WHF
Target High Price 9.0
Target Low Price 6.0
Target Mean Price 7.5
Target Median Price 7.5
Total Cash 11,785,000
Total Cash Per Share 0.545
Total Debt 324,140,992
Total Revenue 69,733,000
Tradeable 0
Trailing Annual Dividend Rate 1.27
Trailing Annual Dividend Yield 0.19751167
Trailing Eps 0.41
Trailing P E 15.682926
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 7.02865
Two Hundred Day Average Change -0.59865
Two Hundred Day Average Change Percent -0.085172825
Type Disp Equity
Volume 59,162
Website https://www.whitehorsefinance.com
Zip 33,131