Whitehorse Finance, Inc. made a public disclosure
SEC 8-KRead source ↗
Whitehorse Finance, Inc. is a US-listed company in the asset management & custody banks industry. Its financial year ends in December.
Stock price today
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Third-party market data · may be delayed
Model estimate per share
~$8.9
Forward price-to-earnings vs peers
Base case. Range ~$7.5–$12. Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings.
Price vs value
No Buy/Hold/Sell rating is issued: limited reported history: available models are shown without a Buy/Hold/Sell rating.
Whitehorse Finance, Inc. valuation: adjust assumptions and compare models →
Who’s trading
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
- Insiders4 buying, 1 selling42 purchases and 1 sale by directors and officers, last 12 monthsInsider trades
- Funds24 adding, 23 cuttingOf 6 active managers that changed their stake, 2 added; quarter to June 30, 2026Fund buyers and sellers
The Fundamentalytics view
Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 32% in the quarter to 2026-06-30, the 2nd beat in the last four quarters.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Highlights
How we pick theseStrengths
Nothing in Whitehorse Finance, Inc.'s latest figures clears our strength thresholds.
Things to watch
- Results due soon. Results are expected around 9 November; the share price can move sharply on the day.
- Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.
Latest results
- Earnings per share
- $0.33 against an average estimate of $0.25: beat by 31.6%
- Share reaction
- +5.5% in the first session after the results on August 10, 2026, against -0.3% for the S&P 500
- Next report
- November 9, 2026; average EPS estimate $0.25
Price chart
- 1 day+1.5%
- 1 week+5.8%
- 1 month+18.4%
- This year+32.0%
- 1 year+32.4%
- 5 years+5.8%
- S&P 500 this year+11.2%
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Third-party market data · may be delayed
At a glance
Earnings
- Last results
- August 10, 2026
- Next results (est.)
- November 9, 2026
News & updates
Company announcements, filed results and changes that matter to shareholders.
- Announcement
- Announcement
Whitehorse Finance, Inc. disclosed a material event
SEC 8-KRead source ↗ - Results
Whitehorse Finance, Inc. reported results; made a public disclosure
SEC 8-KRead source ↗ - Shareholder vote
Whitehorse Finance, Inc. reported shareholder vote results
SEC 8-KRead source ↗ - Announcement
Whitehorse Finance, Inc. made a public disclosure
SEC 8-KRead source ↗
Valuation models
We value Whitehorse Finance, Inc. as an asset manager, broker or exchange, with every model that fits that kind of business. Cost of equity 8%: the 10-year Treasury yield (4.9%) plus a beta of 0.67 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$8.9 ~$7.5–$12 | Primary model, counts double |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Combined value Weighted average of the models that apply: the primary model (forward price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$8.9 ~$7.5–$12 | 1 model |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Whitehorse Finance, Inc. with asset managers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
Forecasts and guidance
Next results: November 9, 2026, before the open. Analysts expect revenue of $15m and EPS of $0.25 (range $0.23 to $0.26) for the quarter.
Analysts' consensus
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $0.97 | −14% | $61m | −16% |
| Next | $0.98 | +2% | $63m | +4% |
Next year's EPS estimate has moved −0.8% in 90 days, across 5 analysts.
How the EPS forecast has moved
The consensus EPS forecast for the current fiscal year is −3.6% on 90 days ago. In the last 30 days, 0 analysts raised Whitehorse Finance, Inc.'s forecast and 4 cut it.
Average of analysts' published estimates (third-party data).
View chart data
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $1.00 | $0.99 |
| 60 days ago | $0.97 | $0.98 |
| 30 days ago | $0.97 | $0.98 |
| 7 days ago | $0.97 | $0.98 |
| Now | $0.97 | $0.98 |
Earnings against estimates
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | $0.25 | $0.33 | +31.6% |
| Mar 2026 | $0.28 | $0.25 | −10.1% |
| Dec 2025 | $0.27 | $0.29 | +7.2% |
| Sept 2025 | $0.29 | $0.26 | −9.4% |
Adjusted EPS as companies report it, against the average analyst estimate.
Positioning
- Short interest
- 2.7% of tradable shares
- Days to cover
- 3.65 at average volume
- Short interest, 1 month
- +71% to October 15, 2026
- Held by institutions
- 36% of shares
- Held by insiders
- 3.9% of shares
Share-price performance
Market data may be delayedReturn and risk by year
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| WHF | +26% | −6% | +6% | −9% | −15% | +32% |
| Industry peers (median) | +33% | −17% | +19% | +15% | −4% | −6% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| WHF | 75% | 50% | 58% | 42% | 42% | 64% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| WHF | −11% | −26% | −16% | −19% | −35% | −14% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since November 2, 2015: 58% from February 19, 2020 to March 18, 2020. Getting back needed a 135% gain, reached on November 17, 2020, 244 days after the low.
Price behaviour
- 52-week range
- $5.46 – $8.09
- From 52-week high
- 0.0%
- vs 50-day average
- +14.6%
- vs 200-day average
- +23.8%
- Volatility (1 year)
- 28%
- Beta vs S&P 500
- 0.23
Share price after results
- Next day
- 5 up, 7 down typical move ±3.1%
- After a week
- 5 up, 7 down typical move ±4.5%
- After a month
- 7 up, 5 down typical move ±6.0%
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| August 10, 2026 | +5.5% | −0.3% | +4.4% | +3.8% |
| May 7, 2026 | +1.1% | +0.5% | −3.8% | −9.0% |
| March 2, 2026 | +8.3% | −0.8% | +17.8% | +21.7% |
| November 10, 2025 | −2.7% | +1.8% | −0.1% | +7.5% |
| August 7, 2025 | −3.5% | +0.7% | −3.8% | −1.0% |
| May 12, 2025 | +0.2% | +4.0% | −0.9% | −0.4% |
| March 7, 2025 | −4.9% | −2.1% | −5.7% | −13.0% |
| November 7, 2024 | −5.4% | +1.2% | −10.0% | −8.5% |
| August 8, 2024 | −2.4% | +2.8% | −2.0% | +1.3% |
| May 8, 2024 | +1.3% | +0.6% | +1.4% | +2.0% |
| February 29, 2024 | −0.2% | +1.3% | +1.7% | +1.2% |
| November 9, 2023 | −1.1% | +0.8% | +2.8% | +2.5% |
Fundamentals
Who owns it
Funds buying and selling- Reported value
- $22.7M
- Institutions reporting
- 49
- Shares held vs prior quarter
- ▼ 0.7%
- Positions opened / closed
- 8 / 8
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Lalia Capital, LLC | $4.8M | 713K | 21.0% | ▲ 3.4% |
| Two Sigma Investments, LP | $2.9M | 431K | 12.7% | ▼ 1.1% |
| Ethos Financial Group, LLC | $2.4M | 361K | 10.6% | ▲ 47.8% |
| Castleknight Management LP | $1.4M | 206K | 6.1% | ▼ 29.7% |
| Bank Of America Corp | $1.2M | 185K | 5.5% | 0.0% |
| Legal & General Group PLC | $1.2M | 175K | 5.2% | ▲ 3.4% |
| Bank Of Montreal | $769,441 | 115K | 3.4% | 0.0% |
| Raymond James Financial Inc | $706,858 | 106K | 3.1% | ▲ 370.4% |
| Blue Trust, Inc. | $640,523 | 96K | 2.8% | 0.0% |
| Cambridge Investment Research Advisors, Inc. | $612,000 | 91K | 2.7% | ▲ 93.4% |
| Trexquant Investment LP | $606,564 | 91K | 2.7% | ▲ 34.1% |
| LPL Financial LLC | $509,105 | 76K | 2.2% | ▲ 8.9% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Whitehorse Finance, Inc.'s complete shareholder register. Values are as reported by the filers .
Insider trading activity
Full insider history and chart Insider purchases History → $1.5M 42 trades by 4 insiders, last 12 months Insider sales History → $6,820 1 trade by 1 insider · 0% under pre-set plans
Net ▲ $1.5M net buying
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Bolduc John Director | June 18, 2026 | Buy | 7,690 | $6.49 | $49,908 |
| Aronson Stuart D Chief Executive Officer | June 15, 2026 | Buy | 15,000 | $6.41 | $96,150 |
| Bolduc John Director | June 5, 2026 | Buy | 3,570 | $6.77 | $24,169 |
| Bolduc John Director | June 5, 2026 | Buy | 3,570 | $6.76 | $24,133 |
| Bolduc John Director | June 4, 2026 | Buy | 3,570 | $6.87 | $24,526 |
| Bolduc John Director | June 4, 2026 | Buy | 3,570 | $6.88 | $24,562 |
| Bolduc John Director | June 2, 2026 | Buy | 3,570 | $6.81 | $24,312 |
| Bolduc John Director | June 1, 2026 | Buy | 3,570 | $6.88 | $24,562 |
| Bolduc John Director | May 29, 2026 | Buy | 3,570 | $6.76 | $24,133 |
| Volpe John Paul Director | May 29, 2026 | Buy | 1,000 | $6.74 | $6,740 |
| Bolduc John Director | May 28, 2026 | Buy | 3,570 | $6.81 | $24,312 |
| Bolduc John Director | May 27, 2026 | Buy | 3,570 | $6.90 | $24,633 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Earnings dates and SEC filings
Results announcements
Next expected around November 9, 2026 estimated from the company's past filing pattern, not announced
- August 10, 2026
- May 7, 2026
- March 2, 2026
- November 10, 2025
- August 7, 2025
- May 12, 2025
Recent SEC filings
- 8-K Current report
- 8-K Current report
- 10-Q Quarterly report
- 8-K Current report
- 8-K Current report
- 8-K Current report
- DEF 14A Proxy statement
- 10-Q Quarterly report
Data status
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
Whitehorse Finance, Inc. in brief
- What does Whitehorse Finance, Inc. do?
- Whitehorse Finance, Inc. is a US-listed company in the asset management & custody banks industry. Its financial year ends in December.
- What is Whitehorse Finance, Inc.'s stock ticker?
- Whitehorse Finance, Inc. trades under the ticker WHF on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
- Who are Whitehorse Finance, Inc.'s largest institutional shareholders?
- By value reported in 13F filings for June 30, 2026, the largest reported holders are Lalia Capital, LLC, Two Sigma Investments, LP and Ethos Financial Group, LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
- Are insiders buying or selling Whitehorse Finance, Inc. stock?
- Over the last 12 months, Whitehorse Finance, Inc.'s directors and officers reported 42 open-market purchases and 1 sales on Form 4. The insider trading page charts every trade.
- When is Whitehorse Finance, Inc.'s next earnings date?
- Around November 9, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Whitehorse Finance, Inc. announces its own schedule.
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