WhiteHorse Finance

Company Profile

WhiteHorse Finance had its IPO on 2012-12-05 under the ticker symbol WHF.

The company operates in the Financial Services sector and Asset Management industry. WhiteHorse Finance has a staff strength of 0 employees.

Stock update

Shares of WhiteHorse Finance opened at $13.1 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $12.99 - $13.16, and closed at $13.07.

This is a -0.23% slip from the previous day's closing price.

A total volume of 40,120 shares were traded at the close of the day’s session.

In the last one week, shares of WhiteHorse Finance have slipped by -0.46%.

WhiteHorse Finance's Key Ratios

WhiteHorse Finance has a market cap of $304.48 million, indicating a price to book ratio of 0.9087 and a price to sales ratio of 3.9374.

In the last 12-months WhiteHorse Finance’s revenue was $99.25 million with a gross profit of $87.53 million and an EBITDA of $0. The EBITDA ratio measures WhiteHorse Finance's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, WhiteHorse Finance’s operating margin was 70.87% while its return on assets stood at 5.59% with a return of equity of 4.17%.

In Q2, WhiteHorse Finance’s quarterly earnings growth was a negative -47.2% while revenue growth was a positive 28%.

WhiteHorse Finance’s PE and PEG Ratio

Forward PE

7.5358

Trailing PE

21.4754

PEG

1.01

Its diluted EPS in the last 12-months stands at $0.61 per share while it has a forward price to earnings multiple of 7.5358 and a PEG multiple of 1.01. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into WhiteHorse Finance’s profitability.

WhiteHorse Finance stock is trading at a EV to sales ratio of 17.5179 and a EV to EBITDA ratio of 6.4526. Its price to sales ratio in the trailing 12-months stood at 3.9374.

WhiteHorse Finance stock pays annual dividends of $1.435 per share, indicating a yield of 11.47% and a payout ratio of 85.76%.

Balance sheet and cash flow metrics

Total Assets

$772.18 million

Total Liabilities

$12.82 million

Operating Cash Flow

$0

Capital Expenditure

$0

Dividend Payout Ratio

85.76%

WhiteHorse Finance ended 2023 with $772.18 million in total assets and $0 in total liabilities. Its intangible assets were valued at $772.18 million while shareholder equity stood at $325.30 million.

WhiteHorse Finance ended 2023 with $0 in deferred long-term liabilities, $12.82 million in other current liabilities, 23000.00 in common stock, $-13967000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $10.41 million and cash and short-term investments were $17.00 million. The company’s total short-term debt was $0 while long-term debt stood at $424.71 million.

WhiteHorse Finance’s total current assets stands at $18.86 million while long-term investments were $728.35 million and short-term investments were $6.59 million. Its net receivables were $18.99 million compared to accounts payable of $12.82 million and inventory worth $0.

In 2023, WhiteHorse Finance's operating cash flow was $0 while its capital expenditure stood at $0.

Comparatively, WhiteHorse Finance paid $0.86 in dividends in 2023.

Other key metrics

Current Trading Price

$13.07

52-Week High

$13.69

52-Week Low

$9.6157

Analyst Target Price

$13.7

WhiteHorse Finance stock is currently trading at $13.07 per share. It touched a 52-week high of $13.69 and a 52-week low of $13.69. Analysts tracking the stock have a 12-month average target price of $13.7.

Its 50-day moving average was $13.1 and 200-day moving average was $12.35 The short ratio stood at 1.36 indicating a short percent outstanding of 0%.

Around 425.9% of the company’s stock are held by insiders while 3570% are held by institutions.