WhiteHorse Finance is a business development company that originates and invests in loans to privately held, lower middle market companies across a broad range of industries. The Company’s investment activities are managed by H.I.G. WhiteHorse Advisers, LLC, an affiliate of H.I.G. Capital, LLC, (“H.I.G. Capital”). H.I.G. Capital is a leading global alternative asset manager with $59 billion of capital under management(3) across a number of funds focused on the small and mid-cap markets. For more information about H.I.G. Capital, please visit http://www.higcapital.com. For more information about the Company, please visit http://www.whitehorsefinance.com.
Company profile
Ticker
WHF, WHFCL
Exchange
Website
CEO
Stuart Daniel Aronson
Employees
Incorporated
Location
Fiscal year end
Former names
WhiteHorse Finance, LLC
SEC CIK
Corporate docs
Subsidiaries
WhiteHorse Finance • WHF American Craft Blocker, LLC • WhiteHorse RCKC Holdings, LLC • WhiteHorse Finance Holdings, LLC ...
IRS number
454247759
WHF stock data
Latest filings (excl ownership)
8-K
WhiteHorse Finance, Inc. To Report First Quarter 2024 Financial Results
16 Apr 24
8-K
WhiteHorse Finance, Inc. Appoints John P. Volpe to Its Board of Directors
10 Apr 24
8-K
Entry into a Material Definitive Agreement
18 Mar 24
10-K
2023 FY
Annual report
5 Mar 24
8-K
WhiteHorse Finance, Inc. Announces Fourth Quarter and Full Year 2023 Earnings Results and Declares Quarterly Distribution of $0.385 Per Share
29 Feb 24
8-K
WhiteHorse Finance, Inc. Announces Time Change for Q4 2023 Earnings Conference Call
9 Feb 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
25 Jan 24
8-K
WhiteHorse Finance, Inc. To Report Fourth Quarter 2023 and Full Year Financial Results
22 Jan 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
17 Jan 24
10-Q
2023 Q3
Quarterly report
9 Nov 23
Transcripts
WHF
Earnings call transcript
2023 Q4
29 Feb 24
WHF
Earnings call transcript
2023 Q3
9 Nov 23
WHF
Earnings call transcript
2023 Q2
8 Aug 23
WHF
Earnings call transcript
2023 Q1
9 May 23
WHF
Earnings call transcript
2022 Q4
2 Mar 23
WHF
Earnings call transcript
2022 Q3
14 Nov 22
WHF
Earnings call transcript
2022 Q2
10 Aug 22
WHF
Earnings call transcript
2022 Q1
11 May 22
WHF
Earnings call transcript
2021 Q4
3 Mar 22
WHF
Earnings call transcript
2021 Q3
10 Nov 21
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 28.74 mm | 28.74 mm | 28.74 mm | 28.74 mm | 28.74 mm | 28.74 mm |
Cash burn (monthly) | (no burn) | (no burn) | 516.00 k | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | 3.44 mm | n/a | n/a | n/a |
Cash remaining | n/a | n/a | 25.29 mm | n/a | n/a | n/a |
Runway (months of cash) | n/a | n/a | 49.0 | n/a | n/a | n/a |
Institutional ownership, Q3 2023
12.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 54 |
Opened positions | 7 |
Closed positions | 4 |
Increased positions | 23 |
Reduced positions | 10 |
13F shares | Current |
---|---|
Total value | 35.16 bn |
Total shares | 2.90 mm |
Total puts | 22.50 k |
Total calls | 34.10 k |
Total put/call ratio | 0.7 |
Largest owners | Shares | Value |
---|---|---|
Sound Income Strategies | 709.51 k | $9.06 bn |
Advisors Asset Management | 280.45 k | $3.58 bn |
UBS UBS Group AG - Registered Shares | 194.51 k | $2.48 bn |
LGEN Legal & General | 168.70 k | $2.14 bn |
MS Morgan Stanley | 145.44 k | $1.86 bn |
Basso Capital Management | 122.14 k | $1.56 bn |
Raymond James & Associates | 112.19 k | $1.43 bn |
Gables Capital Management | 88.41 k | $1.13 bn |
Two Sigma Investments | 81.05 k | $1.03 bn |
Two Sigma Advisers | 80.38 k | $1.03 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
25 May 23 | John Bolduc | Common Stock, par value $0.001 per share | Buy | Acquire P | Yes | No | 11.4 | 4,385 | 49.99 k | 214,755 |
25 May 23 | John Bolduc | Common Stock, par value $0.001 per share | Buy | Acquire P | Yes | No | 11.4 | 4,385 | 49.99 k | 218,010 |
24 May 23 | John Bolduc | Common Stock, par value $0.001 per share | Buy | Acquire P | Yes | No | 11.55 | 4,300 | 49.67 k | 210,370 |
24 May 23 | John Bolduc | Common Stock, par value $0.001 per share | Buy | Acquire P | Yes | No | 11.56 | 4,300 | 49.71 k | 213,625 |
23 May 23 | John Bolduc | Common Stock, par value $0.001 per share | Buy | Acquire P | Yes | No | 11.6 | 4,300 | 49.88 k | 206,070 |
23 May 23 | John Bolduc | Common Stock, par value $0.001 per share | Buy | Acquire P | Yes | No | 11.6 | 4,220 | 48.95 k | 209,325 |
19 May 23 | John Bolduc | Common Stock, par value $0.001 per share | Buy | Acquire P | Yes | No | 11.6 | 2,500 | 29.00 k | 201,770 |
19 May 23 | John Bolduc | Common Stock, par value $0.001 per share | Buy | Acquire P | Yes | No | 11.6 | 2,114 | 24.52 k | 205,105 |
18 May 23 | John Bolduc | Common Stock, par value $0.001 per share | Buy | Acquire P | Yes | No | 11.6 | 383 | 4.44 k | 202,991 |
16 May 23 | John Bolduc | Common Stock, par value $0.001 per share | Buy | Acquire P | Yes | No | 11.65 | 4,250 | 49.51 k | 199,270 |
Press releases
WhiteHorse Finance, Inc. To Report First Quarter 2024 Financial Results
16 Apr 24
WhiteHorse Finance, Inc. Appoints John P. Volpe to Its Board of Directors
10 Apr 24
WhiteHorse Finance, Inc. Announces Fourth Quarter and Full Year 2023 Earnings Results and Declares Quarterly Distribution of $0.385 Per Share
29 Feb 24
WhiteHorse Finance, Inc. Announces Time Change for Q4 2023 Earnings Conference Call
9 Feb 24
WhiteHorse Finance, Inc. To Report Fourth Quarter 2023 and Full Year Financial Results
22 Jan 24