WhiteHorse Finance (WHF) Misses Q2 EPS by 3c

WhiteHorse Finance (NASDAQ: WHF) reported Q2 EPS of $0.33, $0.03 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $14.65 million versus the consensus estimate of $15.23 million.

• New investments of $71.2 million
• Net investment income of $4.6 million, or $0.224 per share
• Core net investment income of $6.8 million, or $0.331 per share(1)
• Second quarter distribution of $0.355 per share

Stuart Aronson, WhiteHorse Finance's Chief Executive Officer commented, "Our second quarter results featured another strong increase in NAV, five originations, and a markup on our position in Aretec following news of its pending sale. Our last 15 originations have been first-lien, and our weighted average effective yield has remained at or near 12 percent, exhibiting high credit quality and attractive returns. Our pipeline remains strong and our disciplined approach to sourcing remains a constant, as does our focus on earning our dividend on an annualized basis. Collectively these results reflect the differentiating impact of our three-tiered H.I.G. sourcing architecture."

For earnings history and earnings-related data on WhiteHorse Finance (WHF) click here.

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