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WhiteHorse Finance, Inc. (WHF)

Financial Services | Asset Management | Miami, United States | NasdaqGS
7.07 USD -0.06 (-0.842%) ⇩ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 7.21 +0.14 (1.980%) ⇧ (Aug. 28, 2026, 7:30 p.m. EDT)

Short-term:★★⯪☆☆Long-term:★☆☆☆☆Dividends:★☆☆☆☆
Hot Take | Aug. 22, 2026, 1:24 a.m. EDT

The investment case here is fundamentally broken. The company is trapped in a multi-year structural decline, having lost nearly 27% of its value over the last nine years with four consecutive years of negative annual returns. While the current price looks cheap on a P/E basis, this is a classic value trap where the market has correctly priced in deteriorating business quality rather than offering a margin of safety. The balance sheet is fragile, with debt significantly outweighing equity and a current ratio well below 1.0, indicating liquidity stress. The dividend, while yielding over 14%, is unsustainable given the payout ratio exceeds 100%; the company is burning capital to pay shareholders while shrinking its revenue base. Recent insider buying offers a glimmer of hope, but it cannot offset the macro trend of eroding fundamentals. For investors, this is a 'sell' or 'avoid' situation until the trajectory turns positive.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.023356
AutoETS0.023356
MSTL0.023771
AutoTheta0.032938

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 41%
H-stat 2.96
Ljung-Box p 0.000
Jarque-Bera p 0.000
Excess Kurtosis 1.71
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-09-20
Last Dividend Date 2026-05-20
Debt to Equity Ratio 128.336
Revenue per Share 2.902
Market Cap 151,838,656
Trailing P/E 9.06
Forward P/E 7.24
Beta 0.41
Profit Margins 26.88%
Website https://www.whitehorsefinance.com

As of Aug. 22, 2026, 1:24 a.m. EDT: Speculators are positioning defensively with heavy open interest in out-of-the-money puts (strikes at 5.0 and 7.5) across multiple expirations, while call activity is negligible. This imbalance suggests a consensus expectation of further downside or a lack of catalysts to drive a rally, despite the stock trading near its 52-week high relative to recent lows.


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 14.13
exDividendDate 2026-09-21
trailingAnnualDividendRate 1.135
trailingAnnualDividendYield 0.15918653
lastDividendValue 0.25
lastDividendDate 2026-05-21
dividendDate 2026-10-05

Info Dump

Attribute Value
52 Week Change -0.16705608
Address1 1,450 Brickell Avenue
Address2 31st Floor
All Time High 16.72
All Time Low 5.51
Ask 9.16
Ask Size 2
Average Analyst Rating 3.2 - Hold
Average Daily Volume10 Day 49,000
Average Daily Volume3 Month 62,469
Average Volume 62,469
Average Volume10Days 49,000
Beta 0.408
Bid 5.17
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 7.07
Current Ratio 0.314
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 7.2
Day Low 7.05
Debt To Equity 128.336
Display Name WhiteHorse Finance
Dividend Date 1,791,158,400
Dividend Rate 1.0
Dividend Yield 14.13
Earnings Call Timestamp End 1,786,469,400
Earnings Call Timestamp Start 1,786,469,400
Earnings Growth 3.985
Earnings Quarterly Growth 3.626
Earnings Timestamp 1,786,451,400
Earnings Timestamp End 1,794,254,400
Earnings Timestamp Start 1,794,254,400
Ebitda Margins 0.0
Enterprise To Revenue 7.168
Enterprise Value 467,822,656
Eps Current Year 0.96796
Eps Forward 0.9771
Eps Trailing Twelve Months 0.78
Esg Populated 0
Ex Dividend Date 1,789,948,800
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 6.6712
Fifty Day Average Change 0.39880037
Fifty Day Average Change Percent 0.05977941
Fifty Two Week Change Percent -16.705608
Fifty Two Week High 8.97
Fifty Two Week High Change -1.9000001
Fifty Two Week High Change Percent -0.21181718
Fifty Two Week Low 6.07
Fifty Two Week Low Change 1.0
Fifty Two Week Low Change Percent 0.16474465
Fifty Two Week Range 6.07 - 8.97
Financial Currency USD
First Trade Date Milliseconds 1,354,804,200,000
Five Year Avg Dividend Yield 13.45
Forward Eps 0.9771
Forward P E 7.2356977
Free Cashflow 14,552,375
Full Exchange Name NasdaqGS
Fullday Change -0.0599999
Fullday Change Percent -0.841514
Fullday Price 7.21
Gmt Off Set Milliseconds -14,400,000
Gross Margins 1.0
Gross Profits 65,264,000
Has Pre Post Market Data 1
Held Percent Insiders 0.039
Held Percent Institutions 0.35162
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 151,838,656
Market State CLOSED
Max Age 86,400
Message Board Id finmb_216853670
Most Recent Quarter 1,782,777,600
Net Income To Common 17,545,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 151,946,032
Number Of Analyst Opinions 3
Open 7.15
Operating Cashflow 77,845,000
Operating Margins 0.66344
Payout Ratio 1.4678999
Phone 305 379 2322
Post Market Change 0.13999987
Post Market Change Percent 1.9801961
Post Market Price 7.21
Post Market Time 1,787,959,805
Previous Close 7.13
Price Eps Current Year 7.304021
Price Hint 2
Price To Book 0.605101
Price To Sales Trailing12 Months 2.32653
Profit Margins 0.26883
Quick Ratio 0.128
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key hold
Recommendation Mean 3.2
Region US
Regular Market Change -0.0599999
Regular Market Change Percent -0.841514
Regular Market Day High 7.2
Regular Market Day Low 7.05
Regular Market Day Range 7.05 - 7.2
Regular Market Open 7.15
Regular Market Previous Close 7.13
Regular Market Price 7.07
Regular Market Time 1,787,947,201
Regular Market Volume 53,002
Return On Assets 0.04329
Return On Equity 0.06651
Revenue Growth -0.237
Revenue Per Share 2.902
Sand P52 Week Change 0.20504117
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 21,476,471
Shares Percent Shares Out 0.0124
Shares Short 265,627
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 322,073
Short Name WhiteHorse Finance, Inc.
Short Percent Of Float 0.0159
Short Ratio 5.02
Source Interval 15
State FL
Symbol WHF
Target High Price 9.0
Target Low Price 6.5
Target Mean Price 7.83333
Target Median Price 8.0
Total Cash 8,465,000
Total Cash Per Share 0.394
Total Debt 324,448,992
Total Revenue 65,264,000
Tradeable 0
Trailing Annual Dividend Rate 1.135
Trailing Annual Dividend Yield 0.15918653
Trailing Eps 0.78
Trailing P E 9.064103
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 6.97765
Two Hundred Day Average Change 0.092350006
Two Hundred Day Average Change Percent 0.013235115
Type Disp Equity
Volume 53,002
Website https://www.whitehorsefinance.com
Zip 33,131