WhiteHorse Finance (WHF) Tops Q3 EPS by 2c

WhiteHorse Finance (NASDAQ: WHF) reported Q3 EPS of $0.35, $0.02 better than the analyst estimate of $0.33. Revenue for the quarter came in at $15.32 million versus the consensus estimate of $15.92 million.

Stuart Aronson, WhiteHorse Finance's Chief Executive Officer commented, "Our third quarter results featured another strong increase in NAV, driven by a second markup on our position in Aretec to its closing sales price and two new originations. Our credit portfolio is now comprised of almost 75 percent first-lien, senior secured loans, and our weighted-average effective yield has remained at or near 12 percent. 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." Mr. Aronson continued, "Further, we believe the announced changes to our fee structure more closely align the incentives of our manager with the interests of our shareholders and reflect our confidence in the strength of our business."

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

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