WhiteHorse Finance (WHF) Tops Q1 EPS by 0.5c

WhiteHorse Finance (NASDAQ: WHF) reported Q1 EPS of $0.375, $0.005 better than the analyst estimate of $0.37.

Stuart Aronson, WhiteHorse Finance's Chief Executive Officer, commented, "We had a very active quarter in what is usually a seasonally slow period for transaction activities, successfully originating 5 first lien loans while having 10 complete realizations. This increased our allocation to first-lien senior secured loans to comprise 97 percent of our debt portfolio. Our leverage ratio decreased from the prior quarter-end due to the large realization volume, yet still within the preferrable range of above 1.0x. With the robust pipeline ahead in Q2, we hope to reach our target leverage again in a short amount of time with a strong portfolio under the current improving economic backdrop. We will remain prudent and stay true to our longstanding principles, which we believe drive our goal of enhancing shareholder value."

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

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