WhiteHorse Finance (WHF) Misses Q1 EPS by 0.5c

WhiteHorse Finance (NASDAQ: WHF) reported Q1 EPS of $0.365, $0.005 worse than the analyst estimate of $0.37.

• Net Asset Value of $315.0 million, or $15.33 per share
• New investments of $32.3 million
• Net investment income of $7.6 million, or $0.370 per share
• Core net investment income of $7.5 million, or $0.365 per share(1)
• First quarter distribution of $0.355 per share

Stuart Aronson, WhiteHorse Finance's Chief Executive Officer commented, "Our transaction activity during the seasonally slow first quarter validates the competitive advantage of our three-tiered sourcing architecture, allowing us to remain disciplined in our sourcing and capital deployment while preserving our pipeline and keeping NAV stable. During the quarter we increased our allocation to first-lien senior-secured loans to comprise 80 percent of our portfolio, and we\'ll continue pursuing opportunities in less competitive areas of the lower middle market at our traditional leverage levels, which we believe drives our ultimate goal of enhancing shareholder value."

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

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