WhiteHorse Finance (WHF) Tops Q3 EPS by 8c

WhiteHorse Finance (NASDAQ: WHF) reported Q3 EPS of $0.43, $0.08 better than the analyst estimate of $0.35.

Stuart Aronson, WhiteHorse Finance's Chief Executive Officer commented, "During the third quarter, we transferred 5 assets into our recently-launched joint venture, increasing our investment by $24.4 million. Following the close of the third quarter we contributed another 4 assets into the JV, allowing us to quickly ramp up and directly originate into the JV portfolio going forward, offering a wider range of sourcing opportunities. In addition to the JV transfers, we added four new first-lien originations and 3 add-on investments to our portfolio during the quarter to stabilize NAV relative to the JV asset transfers. Our fourth quarter pipeline is as strong as it has ever been, which we credit to our differentiated three-tiered sourcing infrastructure backed by H.I.G. that offers stable and attractive risk-adjusted returns and ultimately enhance shareholder value."

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

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