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WhiteHorse Finance is a business development company that focuses on making investments in lower middle market companies. The company's portfolio is highly diverse and primarily consists of first lien senior secured debt, mitigating repayment risk. While WhiteHorse Finance offers a high dividend yield over 11% but the lack of growth in net asset value raises concerns about its overall performance.
Horizon Technology Finance's recent earnings show declining financials and a deteriorating risk profile, warranting caution for investors in search of higher yields. The BDC's double-digit yield is currently covered by net investment income, but declining NAV and unrealized losses are concerns. The stock trades at a 20% premium to its NAV, making it less attractive compared to other high-yielding BDCs that I consider higher quality.
Alaris Equity Partners Income Trust had a solid Q1-2024 with increasing revenues from its partners. The coverage of some partners, such as Heritage, has fallen, leading to a decrease in fair value for Alaris' investments. We examine the setup and show you one area where Alaris has even outperformed the venerable Main Street Capital.
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Navistar Inc. is recalling more than 31,000 trucks and buses across its lineup because improper heat treating on hex flange lock nuts could lead to the fasteners breaking, resulting in unstable steering and the increased possibility of a crash. The truck maker owned by Germany's Traton Group, said it was unaware of any field failures, crashes or injuries related to the condition.