WHF WhiteHorse Finance, Inc.
Price Chart
Executive Summary
Three WhiteHorse Finance insiders, including CEO Stuart Aronson and two directors, made open-market purchases totaling ~$76K over the past week. The CEO's $45K buy at $6.38 is the largest trade, and the cluster is amplified by strong historical win rates on WHF insider signals (100% T+20 win rate over 3 settled reports). At ~0.05% of the $150M market cap, the dollar value is modest, but the combination of C-suite participation, cluster buys (which are more informative than sales per the literature), and the cross-filing amplifier verdicts supports a bullish read.
Key Financial Metrics
Actionable Insight
The CEO's first open-market buy since at least the past 30 days (no prior CEO buys in the 30d snapshot) is a strong signal. The cluster is small in dollar terms but amplified by the historical calibration showing 100% T+20 win rate on WHF insider signals. Monitor for additional insider buying or a catalyst (e.g., earnings, dividend announcement) in the coming weeks.
Key Facts
- CEO Stuart Aronson purchased 7,000 shares at $6.38 for ~$45K on 2026-05-22.
- Director John Bolduc purchased 3,570 shares at $6.76 on 2026-05-29 and another 3,570 shares at $6.81 on 2026-05-28, totaling ~$48K.
- Director John Paul Volpe purchased 1,000 shares at $6.74 for ~$7K on 2026-05-29.
- Total cluster value is ~$76K, representing ~0.05% of the $150M market cap.
- All three trades are open-market purchases (code P) — no 10b5-1 plan or tax-related sales.
- Prior WHF insider cluster reports have a 100% win rate at T+20 with average alpha of +5.96% vs SPY.
Financial Impact
~$76K in insider purchases, ~0.05% of market cap
Risk Factors
- Dollar value is modest relative to market cap — may not move the stock significantly.
- Analyst consensus is heavily bearish (0% bullish, 6 Hold, 5 Sell, 1 Strong Sell) — insider buying could be contrarian but faces headwinds.
- The stock trades near $6.74, below its likely book value (BDC sector typical) — insider buys may reflect value recognition but not a near-term catalyst.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-WHF-1780447866129 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 4, 2026
1d ago
|
Insider Cluster
| — | awaiting T+1 | — | — |
|
Jun 3, 2026
2d ago
|
Insider Cluster
| — | awaiting T+1 | — | — |
|
May 29, 2026
6d ago
|
Insider Cluster
| $6.96 $6.89 | ▼ −1.01% | ▼ −1.16% | $6.66 (−4.31%) |
|
May 27, 2026
9d ago
|
Insider Cluster
| — | awaiting T+1 | — | — |
|
Mar 16, 2026
11w ago
|
Insider Cluster
| $7.07 $7.31 | ▲ +3.39% | ▲ +3.12% | $6.66 (−5.80%) |
|
Mar 13, 2026
12w ago
|
Insider Cluster
| $7.07 $7.07 | · 0.00% | ▼ −1.02% | $6.66 (−5.80%) |
|
Mar 4, 2026
13w ago
|
8-K
| $7.03 $7.16 | ▲ +1.92% | ▲ +3.24% | $6.66 (−5.21%) |
US Market Status
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