WhiteHawk Income Corp. (NYSE:WHK – Get Free Report) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 147,162 shares, a decline of 36.4% from the August 15th total of 231,420 shares. Based on an average trading volume of 119,708 shares, the short-interest ratio is presently 1.2 days. Currently, 0.5% of the shares of the company are sold short.
Institutional Trading of WhiteHawk Income
A number of large investors have recently made changes to their positions in WHK. Citadel Advisors LLC purchased a new stake in shares of WhiteHawk Income in the 2nd quarter valued at approximately $10,215,000. Alyeska Investment Group L.P. purchased a new stake in shares of WhiteHawk Income in the 2nd quarter valued at about $6,955,000. BlueCrest Capital Management Ltd purchased a new position in shares of WhiteHawk Income during the second quarter worth approximately $3,756,000. Finally, Readystate Asset Management LP purchased a new position in WhiteHawk Income during the 2nd quarter worth $696,000.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on WHK shares. Wall Street Zen cut WhiteHawk Income from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Weiss Ratings started coverage on shares of WhiteHawk Income in a research report on Monday, August 31st. They issued a “sell (e)” rating on the stock. Capital One Financial began coverage on WhiteHawk Income in a research report on Monday, July 6th. They set an “overweight” rating and a $32.00 price target for the company. Stifel Nicolaus began coverage on shares of WhiteHawk Income in a report on Thursday, September 10th. They issued a “buy” rating and a $32.00 price objective for the company. Finally, JPMorgan Chase & Co. initiated coverage on WhiteHawk Income in a report on Monday, July 6th. They set a “neutral” rating and a $28.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.40.
WhiteHawk Income Stock Up 0.8%
Shares of WHK traded up $0.22 during midday trading on Thursday, hitting $27.54. 269,097 shares of the stock were exchanged, compared to its average volume of 160,425. The stock’s fifty day moving average is $26.66. WhiteHawk Income has a 52-week low of $25.34 and a 52-week high of $29.07.
WhiteHawk Income Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were issued a $0.61 dividend. The ex-dividend date was Monday, August 24th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 8.9%.
WhiteHawk Income Company Profile
WhiteHawk Income Corporation (NYSE: WHK) is a closed-end investment company focused on generating current income through investments in privately held, middle-market businesses. The company primarily invests in debt securities, including senior secured loans and other credit instruments.
Its investment portfolio is generally designed to provide financing to companies across a range of industries, with an emphasis on loans that may offer contractual interest payments and security interests in the borrowers’ assets.
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