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In a challenging market environment, WhiteHorse Finance , Inc. (NASDAQ:WHF) stock has touched a 52-week low, dipping to $9.44. According to InvestingPro data, the company maintains a significant 16.08% dividend yield and has consistently paid dividends for 14 consecutive years, despite current market pressures. This latest price level reflects a significant downturn for the investment management company, which specializes in providing loans to lower middle market companies. With a market capitalization of $220.34 million and revenue declining by 10.11% over the last twelve months, WhiteHorse Finance faces notable headwinds. Analyst price targets range from $9 to $11.50, reflecting mixed sentiment about the company’s prospects. For deeper insights and additional analysis, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers key metrics and expert analysis of WHF’s financial health and market position.
In other recent news, WhiteHorse Finance reported a decline in net investment income for the fourth quarter of 2024, with GAAP net investment income falling to $8 million or $0.34 per share, down from $9.2 million or $0.394 per share in the previous quarter. The company’s net asset value per share also decreased by 3.6% to $12.31. Despite the decrease in income, WhiteHorse Finance completed six new originations totaling $27.4 million during the quarter. The weighted average effective yield on income-producing debt decreased to 12.5% from 13.1% in the third quarter. Analysts at firms like Raymond (NSE:RYMD) James have noted the increased pressure on credit quality due to tariff impacts and a higher base rate environment. The company has maintained its quarterly distribution at $0.385 per share. Looking forward, WhiteHorse Finance anticipates high repayment activity in 2025, with a balance sheet capacity of approximately $40 million for new assets.
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