MetaCap

Barings Participation Investors (MPV) vs WhiteHorse Finance (WHF)

Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.

Summary

WhiteHorse Finance (WHF) has outperformed Barings Participation Investors (MPV) over the past year, gaining 1.2% versus a loss of 20.5%. Over five years, MPV leads with a +18.1% price change compared with -56.4% for WHF. Barings Participation Investors is the larger company by market cap ($173.9 million vs $148.6 million), about 1.2 times the size.

On valuation, WhiteHorse Finance trades at a lower forward P/E (7.1x vs 22.4x for Barings Participation Investors). WhiteHorse Finance offers the higher dividend yield (16.40% vs 9.19%).

Summary generated from market data by MetaCap's automated system. Methodology

Relative performance

MPV-20.52%WHF+1.17%
+15%-6%-26%
Oct 7, 20251 yearOct 7, 2026
MPV+16.82%WHF-56.09%
+55%-5%-66%
Oct 4, 20215 yearsOct 5, 2026

Percent change in share price from the first common trading day shown; excludes dividends.

Head-to-head

MPV versus WHF key metrics
MetricMPVWHF
Share price$16.11$6.92
Market cap$173.86M$148.62M
1-day change-1.47%-1.14%
YTD return+1.38%-0.43%
1-year return-20.52%+1.17%
5-year return+18.11%-56.40%
P/E ratio (TTM)10.078.99
Forward P/E22.387.08
EPS (TTM)$1.60$0.77
Dividend yield9.19%16.40%
Annual dividend$1.48$1.14
52-week high$20.58$7.84
52-week low$15.05$6.07
Distance from 52-week high-21.72%-11.73%
Analyst consensus—none
Avg. price target upside—+13.15%
Average volume22.13K73.52K
Shares outstanding10.79M21.48M
SectorFinancial ServicesFinancial Services
IndustryAsset ManagementAsset Management

Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.

Key differences

  • WHF has outperformed MPV by 21.7 percentage points over the past year.
  • WhiteHorse Finance offers a meaningfully higher dividend yield (16.40% vs 9.19%).

About Barings Participation Investors

MPV stock →

Barings Participation Investors is a closed ended fixed income mutual fund launched and managed by Barings LLC. The fund invests in the fixed income markets of the United States.

Financial Services · Asset Management

About WhiteHorse Finance

WHF stock →

WhiteHorse Finance, Inc. is business development company, non-diversified, closed end management company specializing in originating senior secured loans, lower middle market, growth capital industries.

Financial Services · Asset Management

MPV vs WHF FAQ

Which is bigger, Barings Participation Investors or WhiteHorse Finance?

Barings Participation Investors (MPV) is larger, with a market capitalization of $173.86M compared with $148.62M for WhiteHorse Finance (WHF).

Which stock has performed better over the past year, MPV or WHF?

WHF returned +1.17% over the past 12 months, compared with -20.52% for MPV (price return, excluding dividends). Past performance does not predict future results.

Which has the lower P/E ratio, MPV or WHF?

WHF has the lower trailing P/E at 9.0, versus 10.1 for MPV. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.

Which pays a higher dividend, Barings Participation Investors or WhiteHorse Finance?

WhiteHorse Finance has the higher yield at 16.40%, compared with 9.19% for Barings Participation Investors.

Are Barings Participation Investors and WhiteHorse Finance in the same industry?

Yes. Both are classified in the Asset Management industry within the Financial Services sector.

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