WhiteHawk Income Corp. (NYSE:WHK – Get Free Report) hit a new 52-week low during trading on Wednesday. The stock traded as low as $24.01 and last traded at $24.1090, with a volume of 74,784 shares. The stock had previously closed at $25.04.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the stock. Raymond James Financial decreased their price target on shares of WhiteHawk Income from $37.00 to $35.00 and set a “strong-buy” rating on the stock in a report on Friday, October 2nd. Wall Street Zen lowered shares of WhiteHawk Income from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Research raised shares of WhiteHawk Income to a “hold” rating in a research note on Tuesday, July 7th. Stifel Nicolaus began coverage on shares of WhiteHawk Income in a report on Thursday, September 10th. They set a “buy” rating and a $32.00 price target for the company. Finally, Weiss Ratings initiated coverage on shares of WhiteHawk Income in a report on Monday, August 31st. They set a “sell (e)” rating for the company. One 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $32.00.
Get Our Latest Analysis on WhiteHawk Income
WhiteHawk Income Stock Performance
The business’s fifty day moving average is $26.45. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.18. The firm has a market cap of $669.82 million and a price-to-earnings ratio of -97.26.
WhiteHawk Income Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 10.0%. The ex-dividend date was Monday, August 24th. WhiteHawk Income’s dividend payout ratio is -176.00%.
Hedge Funds Weigh In On WhiteHawk Income
A number of hedge funds have recently modified their holdings of the business. Citadel Advisors LLC acquired a new stake in WhiteHawk Income in the second quarter valued at $10,215,000. Alyeska Investment Group L.P. bought a new position in WhiteHawk Income during the 2nd quarter worth $6,955,000. BlueCrest Capital Management Ltd acquired a new position in WhiteHawk Income during the 2nd quarter worth about $3,756,000. Finally, Readystate Asset Management LP acquired a new position in WhiteHawk Income during the 2nd quarter worth about $696,000.
WhiteHawk Income Company Profile
WhiteHawk Income (NYSE:WHK) is a business development company that invests in privately owned, middle-market businesses. The company seeks to generate current income primarily through investments in debt securities, including senior secured loans, second-lien loans, unitranche financing and other forms of private credit.
WhiteHawk Income may also make equity investments in portfolio companies, giving it the potential to participate in their long-term growth. Its investment strategy is focused largely on U.S.
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