WhiteHawk Income (NYSE:WHK) Stock Rating Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of WhiteHawk Income (NYSE:WHK) from a hold rating to a sell rating in a report issued on Saturday,Wall Street Zen reports.

Several other analysts have also issued reports on WHK. Capital One Financial assumed coverage on shares of WhiteHawk Income in a research note on Monday, July 6th. They issued an “overweight” rating and a $32.00 target price for the company. Raymond James Financial cut 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. Zacks Research upgraded shares of WhiteHawk Income to a “hold” rating in a research report on Tuesday, July 7th. Stephens initiated coverage on shares of WhiteHawk Income in a report on Monday, July 6th. They set an “overweight” rating and a $33.00 price objective for the company. Finally, Weiss Ratings began coverage on shares of WhiteHawk Income in a research report on Monday, August 31st. They issued a “sell (e)” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, WhiteHawk Income presently has an average rating of “Moderate Buy” and an average price target of $32.00.

WhiteHawk Income Trading Down 0.3%

Shares of WHK stock opened at $26.29 on Friday. WhiteHawk Income has a 12 month low of $24.06 and a 12 month high of $29.07. The company has a market cap of $724.40 million and a price-to-earnings ratio of -105.18. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.18. The company’s fifty day simple moving average is $26.51.

WhiteHawk Income Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were given a $0.61 dividend. The ex-dividend date was Monday, August 24th. This represents a $2.44 dividend on an annualized basis and a yield of 9.3%. WhiteHawk Income’s payout ratio is presently -176.00%.

Hedge Funds Weigh In On WhiteHawk Income

A number of large investors have recently bought and sold shares of the stock. Readystate Asset Management LP purchased a new position in shares of WhiteHawk Income during the second quarter valued at about $696,000. BlueCrest Capital Management Ltd purchased a new position in WhiteHawk Income during the second quarter valued at $3,756,000. Alyeska Investment Group L.P. bought a new stake in WhiteHawk Income in the second quarter worth $6,955,000. Finally, Citadel Advisors LLC bought a new stake in WhiteHawk Income in the second quarter worth $10,215,000.

About WhiteHawk Income

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.