WhiteHawk Income Corp. (NYSE:WHK – Get Free Report) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $32.00.
Several research analysts have recently issued reports on the company. Weiss Ratings began coverage on WhiteHawk Income in a research report on Monday, August 31st. They issued a “sell (e)” rating for the company. JPMorgan Chase & Co. began coverage on WhiteHawk Income in a research report on Monday, July 6th. They set a “neutral” rating and a $28.00 price target on the stock. Zacks Research raised WhiteHawk Income to a “hold” rating in a research note on Tuesday, July 7th. Stephens started coverage on WhiteHawk Income in a research note on Monday, July 6th. They issued an “overweight” rating and a $33.00 price target on the stock. Finally, Wall Street Zen upgraded WhiteHawk Income from a “sell” rating to a “hold” rating in a report on Saturday, October 3rd.
Check Out Our Latest Report on WhiteHawk Income
Institutional Trading of WhiteHawk Income
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Readystate Asset Management LP purchased a new position in WhiteHawk Income during the 2nd quarter valued at about $696,000. BlueCrest Capital Management Ltd purchased a new stake in WhiteHawk Income in the second quarter worth about $3,756,000. Alyeska Investment Group L.P. purchased a new stake in WhiteHawk Income in the second quarter worth about $6,955,000. Finally, Citadel Advisors LLC purchased a new stake in WhiteHawk Income in the second quarter worth about $10,215,000.
WhiteHawk Income Trading Up 3.7%
NYSE:WHK opened at $25.96 on Thursday. The stock has a 50-day moving average of $26.63. WhiteHawk Income has a 12 month low of $24.06 and a 12 month high of $29.07. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a market cap of $715.34 million and a PE ratio of -103.86.
WhiteHawk Income Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date was Monday, August 24th. WhiteHawk Income’s payout ratio is -176.00%.
WhiteHawk Income Company Profile
WhiteHawk Income (NYSE: WHK) is a closed-end investment fund focused on generating current income through investments in private credit and other income-producing assets. The fund primarily seeks opportunities in senior secured loans and related debt investments issued by middle-market companies.
WhiteHawk Income is managed by WhiteHawk Capital Partners, an investment manager specializing in private credit. Its investment strategy emphasizes credit selection, downside protection and portfolio diversification across industries and borrowers.
The fund’s activities are centered on the U.S.
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