Short Interest in WhiteHawk Income Corp. (NYSE:WHK) Decreases By 36.4%

WhiteHawk Income Corp. (NYSE:WHK) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 147,162 shares, a drop of 36.4% from the August 15th total of 231,420 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 119,708 shares, the days-to-cover ratio is currently 1.2 days.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Raymond James Financial upped their target price on shares of WhiteHawk Income from $34.00 to $37.00 and gave the company a “strong-buy” rating in a research report on Wednesday, September 2nd. JPMorgan Chase & Co. started coverage on shares of WhiteHawk Income in a research note on Monday, July 6th. They set a “neutral” rating and a $28.00 price target for the company. Stephens initiated coverage on shares of WhiteHawk Income in a report on Monday, July 6th. They issued an “overweight” rating and a $33.00 price objective on the stock. Zacks Research raised shares of WhiteHawk Income to a “hold” rating in a report on Tuesday, July 7th. Finally, Capital One Financial began coverage on shares of WhiteHawk Income in a research report on Monday, July 6th. They set an “overweight” rating and a $32.00 target price for the company. One research 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, WhiteHawk Income presently has a consensus rating of “Moderate Buy” and an average price target of $32.40.

WhiteHawk Income Stock Performance

NYSE WHK traded down $0.87 during trading hours on Friday, reaching $26.56. 169,219 shares of the company’s stock were exchanged, compared to its average volume of 160,460. The business’s 50-day moving average price is $26.70. WhiteHawk Income has a one year low of $25.34 and a one year high of $29.07.

WhiteHawk Income Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders 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 yield of 9.2%. The ex-dividend date was Monday, August 24th.

Institutional Trading of WhiteHawk Income

A number of institutional investors have recently modified their holdings of WHK. Readystate Asset Management LP acquired a new position in shares of WhiteHawk Income during the second quarter worth about $696,000. BlueCrest Capital Management Ltd acquired a new stake in WhiteHawk Income in the 2nd quarter valued at approximately $3,756,000. Alyeska Investment Group L.P. bought a new stake in WhiteHawk Income in the 2nd quarter valued at approximately $6,955,000. Finally, Citadel Advisors LLC bought a new stake in WhiteHawk Income in the 2nd quarter valued at approximately $10,215,000.

About WhiteHawk Income

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.