WHF WhiteHorse Finance, Inc.

NEUTRAL Impact: 3/10 Insider Cluster (2 insiders)
Horizon days Filed Jun 4, 2026 Processed 1d 20h ago
Insider cluster: 2 insiders, $31K total

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Executive Summary

Two directors at WhiteHorse Finance (WHF) made open-market purchases totaling ~$31K over a 5-day window, with John Bolduc executing three separate buys. The total dollar value is immaterial relative to WHF's $146M market cap (~0.02%), and the company has a heavily bearish analyst consensus (0% bullish). Historical cluster reports on WHF have shown strong positive T+20 performance (+7.15% avg), but the tiny scale of these purchases limits their standalone signal.

Key Financial Metrics

Direction
buying
Total Value
$31.0K
Insiders
2

Actionable Insight

The purchases are too small to signal material conviction — treat as routine director diversification. Monitor for larger insider buys or a catalyst (e.g., earnings, NAV update) that could explain the pattern. The strong historical T+20 performance on WHF cluster reports is notable but not actionable at this scale.

Key Facts

  • Two directors purchased shares in open-market transactions totaling ~$31K from May 29 to June 2, 2026.
  • John Bolduc (Director) made three purchases of 3,570 shares each at $6.76–$6.88, totaling ~$73K.
  • John Paul Volpe (Director) purchased 1,000 shares at $6.74 on May 29.
  • Total purchases represent ~0.02% of WHF's $146M market cap — trivial in size.
  • Analyst consensus is heavily bearish: 0 Strong Buy, 0 Buy, 6 Hold, 5 Sell, 1 Strong Sell.
  • Prior cluster reports on WHF have a 100% win rate at T+20 with +7.15% average return, but this cluster is much smaller in dollar terms.

Financial Impact

~$31K in total open-market purchases, ~0.02% of market cap

insider ownership

Risk Factors

  • Bearish analyst consensus (0% bullish) suggests headwinds for the stock.
  • Small purchase size limits informational content — may be noise or pre-planned 10b5-1 trades.
  • No cross-filing context provided beyond the cluster itself — no earnings, offering, or late-filing events to amplify signal.

Market Snapshot

Exchange
Nasdaq
Analyst Consensus
0% bullish (12 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-WHF-1780537566939
7 reports for WHF
Performance horizon
67% Hit rate 2 of 3 directional calls best @ T+20▲ +8.63%Mar 13, 2026
Filters
Rows
Reports for WHF — sortable, filterable
Type Now
Jun 4, 2026
1d ago
Insider Cluster
NEUTRAL ★ 3/10
awaiting T+1
Jun 3, 2026
2d ago
Insider Cluster
BULLISH ★ 5/10
awaiting T+1
May 29, 2026
6d ago
Insider Cluster
BULLISH ★ 5/10
$6.96 $6.89▼ −1.01%▼ −1.16%$6.66 (−4.31%)
May 27, 2026
9d ago
Insider Cluster
BULLISH ★ 5/10
awaiting T+1
Mar 16, 2026
11w ago
Insider Cluster
BULLISH ★ 6/10
$7.07 $7.31▲ +3.39%▲ +3.12%$6.66 (−5.80%)
Mar 13, 2026
12w ago
Insider Cluster
BULLISH ★ 6/10
$7.07 $7.07· 0.00%▼ −1.02%$6.66 (−5.80%)
Mar 4, 2026
13w ago
8-K
NEUTRAL ★ 4/10
$7.03 $7.16▲ +1.92%▲ +3.24%$6.66 (−5.21%)
Showing 7 of 7

US Market Status

Market Closed — Opens Mon (39h 14m)

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