Dec 31, 2023

Whitehorse Finance Q4 2023 Earnings Report

Net investment income decreased slightly, but core net investment income remained strong, driven by higher investment income from interest and STRS JV.

Key Takeaways

WhiteHorse Finance reported a net investment income of $10.6 million for Q4 2023. The company's core net investment income was $10.6 million, or $0.456 per share. The investment portfolio totaled $696.2 million.

Net Asset Value was $316.8 million, or $13.63 per share.

Investment portfolio totaled $696.2 million.

STRS JV investment portfolio totaled $312.2 million.

Net investment income and core net investment income of $10.6 million, or $0.456 per share.

Total Revenue
$25.6M
Previous year: $25.9M
-1.2%
EPS
$0.456
Previous year: $0.476
-4.2%
Cash and Equivalents
$24.5M
Previous year: $26.3M
-6.8%
Total Assets
$731M
Previous year: $796M
-8.3%

Whitehorse Finance

Whitehorse Finance

Forward Guidance

While remaining cautious about prevailing economic conditions, WhiteHorse Finance sees a continuing rebound in deal volume and quality in the lower middle markets. Pipeline activity levels remain high with opportunities to invest in credits with compelling risk-return characteristics. The strength of the pipeline enables the company to be conservative in deal selection as repayment activity gains momentum into early 2024.