WHF

WhiteHorse Finance

WHF.US whitehorsefinance.com + Research + Basket
CIK 0001552198
Employees 0
Phone 305 379 2322
Fiscal year end December
IPO Dec 05, 2012
Address 1450 Brickell Avenue, Miami, FL, United States, 33131
8.21
-0.26 (-3.07%)
USD · NASDAQ
52-week range
5.35
8.53
Trading at 90% of the 52-week range
Market Cap
181.91M
P/E Ratio
10.59
Forward P/E
8.29
Book Value
11.77
Div. Yield
13.61%
% Institutions
35.36%
% Insiders
3.90%

1 Year

+31.7%

3 Year

+8.4%

10 Year

+174.4%
Description

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.

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People

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Directors & Officers

Name Title Year Born
Mr. Stuart Daniel Aronson CEO & Director 1963
Mr. Joyson C. Thomas CPA CFO & Principal Accounting Officer 1982
Mr. Marco A. Collazos Chief Compliance Officer 1976
Mr. Richard H. Siegel J.D. Secretary 1966

Insider Trading

Open insider trading
Date Insider Name Title Transaction Type Shares Price Value SEC
Mar 23, 2026 Stuart D Aronson N/A Purchase 8.00K $6.95 $55.60K SEC
Mar 20, 2026 Stuart D Aronson N/A Purchase 5.00K $7.10 $35.50K SEC
Mar 16, 2026 John Bolduc N/A Purchase 8.39K $7.12 $59.74K SEC
Mar 13, 2026 John Paul Volpe N/A Purchase 1.00K $7.18 $7.18K SEC
Mar 12, 2026 John Bolduc N/A Purchase 8.39K $7.14 $59.90K SEC
Mar 06, 2026 John Bolduc N/A Purchase 8.28K $7.25 $60.00K SEC
Mar 05, 2026 John Bolduc N/A Purchase 8.39K $7.12 $59.75K SEC
Dec 24, 2025 Joyson Thomas N/A Purchase 4.50K $7.01 $31.56K SEC
Dec 24, 2025 John Bolduc N/A Purchase 8.97K $6.99 $62.73K SEC
Dec 23, 2025 John Bolduc N/A Purchase 14.20K $7.00 $99.40K SEC
Dec 23, 2025 John Paul Volpe N/A Sale 1.00K $6.82 $6.82K SEC
Dec 23, 2025 Stuart D Aronson N/A Purchase 7.00K $6.80 $47.60K SEC
Dec 22, 2025 Stuart D Aronson N/A Purchase 10.00K $6.90 $69.00K SEC
Nov 14, 2025 John Bolduc N/A Purchase 14.20K $6.88 $97.70K SEC
Nov 13, 2025 John Bolduc N/A Purchase 14.10K $6.90 $97.29K SEC
Nov 12, 2025 John Paul Volpe N/A Purchase 1.00K $6.95 $6.95K SEC
Nov 12, 2025 Stuart D Aronson N/A Purchase 14.00K $6.92 $96.88K SEC

Shareholders

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Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
Lalia Capital, LLC 712.77K Jun 30, 2026 3.32% $2.32 3.43%
Two Sigma Investments LLC 430.60K Jun 30, 2026 2.01% $0.00 -1.14%
Ethos Financial Group LLC 360.53K Jun 30, 2026 1.68% $0.16 47.80%
CastleKnight Management LP 205.66K Jun 30, 2026 0.96% $0.02 -29.68%
Bank of America Corp 185.01K Jun 30, 2026 0.86% $0.00 0.00%
Legal & General Group PLC 174.88K Jun 30, 2026 0.81% $0.00 3.43%
Bank of Montreal 114.84K Jun 30, 2026 0.53% $0.00 0.00%
BMO Capital Markets Corp. 114.84K Jun 30, 2026 0.53% $0.00 0.00%
Ronald Blue Trust, Inc. 95.60K Jun 30, 2026 0.45% $0.01 0.00%
CAMBRIDGE Invest RESEARCH ADVISORS, INC. 91.22K Jun 30, 2026 0.42% $0.00 93.39%
Trexquant Investment LP 90.53K Jun 30, 2026 0.42% $0.00 34.15%
LPL Financial Corp 75.99K Jun 30, 2026 0.35% $0.00 8.92%
BlackRock Inc 71.14K Jun 30, 2026 0.33% $0.00 -2.48%
Sound Income Strategies 70.99K Jun 30, 2026 0.33% $0.02 -2.50%
UBS Group AG 57.39K Jun 30, 2026 0.27% $0.00 81.99%
Marshall Wace Asset Management Ltd 55.07K Jun 30, 2026 0.26% $0.00 -27.79%
Basso Capital Management LP 52.50K Jun 30, 2026 0.24% $0.08 -12.50%
Closed-end Fund Advisors INC. 45.00K Jun 30, 2026 0.21% $0.29 0.39%
O'Shaughnessy Asset Management LLC 44.40K Jun 30, 2026 0.21% $0.00 162.77%
Gables Capital Management Inc 43.87K Jun 30, 2026 0.20% $0.11 -13.95%

Fund Holdings

Rank Holder Name Shares Held % of Shares Change Date Reported
1 Alternative Credit Income LoC1 107.33K 0.50% ▲ 0.00% Aug 31, 2026
2 iShares Listed Private Eq ETF USD Dist 57.75K 0.27% ▲ 0.00% Oct 29, 2026
3 BankInvest Børsnoterede Alt. Akk. W 48.49K 0.23% ▲ 0.00% Mar 31, 2026
4 Virtus Private Credit ETF 40.36K 0.19% ▲ 2.48% Oct 30, 2026
5 FID DC L&G Diversified Fund 30.51K 0.14% ▼ 6.13% Aug 31, 2026
6 FID DC L&G Retirement Income MA Fund 8.09K 0.04% ▲ 9.63% Sep 30, 2026
7 Mediobanca SICAV PE Strat C 6.80K 0.03% ▼ 5.00% Sep 30, 2026
8 Counsel Global Listed Private Eq Pl A 613.00 0.00% ▲ 0.00% Jul 31, 2026
9 FID DC L&G Multi Asset Fund 419.00 0.00% ▼ 8.71% Jun 30, 2026

Financial Highlights

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Market Cap: $181.91M
P/E Ratio: $10.59
PEG Ratio: $1.01
Book Value: $11.77
Dividend/Share: $1.14
Dividend Yield: 13.61%
Earnings/Share: $0.80
Profit Margin: 26.88%
Operating Margin: 66.34%
ROA (TTM): 4.33%
ROE (TTM): 6.65%
Revenue (TTM): $65.26M
Revenue/Share (TTM): $2.90
Earnings Growth (YOY): 398.50%
Revenue Growth (YOY): -23.70%

Valuation Metrics

Enterprise Value: $497.89M
Trailing P/E: 10.59
Forward P/E: 8.29

Shares Statistics

Shares Outstanding: 21.48M
Shares Float: 0.00
% Insiders: 3.90%
% Institutions: 35.36%
Shares Short: 447.11K
Shares Short (Prior Month): 410.68K
Short Ratio: 3.65
Short % Float: 2.68%

Stock Price History

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1 Year Price History

3 Years Price History

10 Years Price History

Max Price History

Financial Charts

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Open balance sheet Open capital intensity Download Financials (Excel)

Revenue, Net Income & Operating Cash Flow (Yearly)

Change % vs Prior Year

Revenue, Net Income & Operating Cash Flow (Quarterly)

Change % vs Prior Quarter

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Yearly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Income Statement Waterfall

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Open full waterfall Open balance sheet
Line Item
Step Type
Value
Revenue
adjust
$37.89M
Cost of Goods Sold
adjust
$-18.07M
Gross Profit
subtotal
$19.82M
SG&A
adjust
$-5.37M
Other Operating Expense
adjust
$-13.03M
Operating Income
subtotal
$38.23M
Other / Non-Operating Items
adjust
$-23.89M
Net Income
subtotal
$14.34M

Earnings Per Share (EPS) History

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Financial Ratios

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📦 Raw API Data (JSON Explorer)

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