NASDAQ$WHF

Whitehorse Finance Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported positive results driven by active capital deployments and a well-positioned investment portfolio in a rising interest rate environment.

WhiteHorse Finance announced its financial results for the first quarter of 2022, highlighted by record capital deployments of $83.6 million and a net investment income of $8.5 million, or $0.368 per share. The company's investment portfolio totaled $800.4 million, with a weighted average effective yield of 9.2%.

  • Net Asset Value of $347.9 million, or $14.99 per share
  • Investment portfolio totaling $800.4 million
  • Gross investment deployments of $83.6 million
  • Net investment income of $8.5 million, or $0.368 per share

Headline financials

Total Revenue

$20M

No prior period
EPS (adj)

$0.34

No prior period
Portfolio Yield

9.2%

No prior period
Net Income

$5.71M

No prior period
Cash & Equivalents

$21.3M

No prior period

Revenue & EPS history

Whitehorse Finance · Revenue · Quarterly

$20M

Q1 2022
Beat estimate in 4 of 12 quarters(33%)
ActualEstimate

Forward guidance

WhiteHorse Finance believes its investment portfolio is well-positioned to benefit from a rising interest rate environment. The lending market remains active and competitive, and their pipeline for future deal flow remains strong.

Tailwinds

  • The company believes its investment portfolio is well-positioned to benefit from a rising interest rate environment.
  • Nearly 100% of the debt portfolio is comprised of floating rate debt investments.
  • The company is confident that the majority of its portfolio companies will be able to service debt in a rising interest rate environment.
  • The lending market remains active and competitive.
  • The pipeline for future deal flow remains strong due in part to the differentiated three-tiered sourcing approach and relationship with the leading H.I.G. platform.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.4%

Avg return

Earnings day

-0.1%

Avg return

5 days after

-0.0%

Avg return

30 days after

47%

9 / 19 earnings

Positive

+6.0%

Q4 2025

Best reaction

-6.2%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.5%-4.6%-12.2%
Q4 2025+6.0%+17.8%+12.9%
Q3 2025-5.2%-1.0%+7.5%
Q1 2025+0.8%-1.1%-0.4%
Q4 2024-4.5%-5.5%-14.4%
Q3 2024-5.4%-9.5%-9.7%
Q2 2024-2.4%-2.6%+1.9%
Q1 2024+1.3%+0.4%+2.0%
Q4 2023-0.2%+0.5%-0.2%
Q3 2023-1.1%-0.2%+1.6%
Q2 2023-6.2%-5.8%-4.4%
Q1 2023+5.2%+5.5%+15.3%
Q4 2022+2.3%+0.4%-5.2%
Q3 2022+1.6%+4.9%+7.3%
Q2 2022+1.1%+6.0%-2.3%
Q1 2022-2.1%-6.0%-3.9%
Q4 2021-1.8%-3.6%-1.0%
Q3 2021+0.7%-0.1%+0.7%
Q4 2020+2.3%+2.2%+3.8%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro