WhiteHawk Income (NYSE:WHK) Stock Lifted to “Hold” by Wall Street Zen

Wall Street Zen upgraded shares of WhiteHawk Income (NYSE:WHK) from a sell rating to a hold rating in a research note issued to investors on Sunday morning,Wall Street Zen reports.

Several other research analysts have also weighed in on the stock. Weiss Ratings initiated coverage on shares of WhiteHawk Income in a research note on Monday, August 31st. They set a “sell (e)” rating for the company. Stifel Nicolaus assumed coverage on shares of WhiteHawk Income in a research note on Thursday, September 10th. They issued a “buy” rating and a $32.00 price target on the stock. Raymond James Financial decreased their price objective 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. Finally, Zacks Research raised WhiteHawk Income from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, WhiteHawk Income presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

WhiteHawk Income Price Performance

Shares of NYSE WHK opened at $24.54 on Friday. The business’s 50 day moving average price is $26.32. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market cap of $675.94 million and a P/E ratio of -98.14. WhiteHawk Income has a 1 year low of $24.01 and a 1 year high of $29.07.

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 paid a dividend of $0.61 per share. The ex-dividend date was Monday, August 24th. This represents a $2.44 dividend on an annualized basis and a yield of 9.9%. WhiteHawk Income’s dividend payout ratio is -176.00%.

Institutional Trading of WhiteHawk Income

Several hedge funds have recently made changes to their positions in WHK. Citadel Advisors LLC acquired a new position in shares of WhiteHawk Income in the second quarter valued at approximately $10,215,000. Alyeska Investment Group L.P. acquired a new stake in WhiteHawk Income during the 2nd quarter worth approximately $6,955,000. BlueCrest Capital Management Ltd acquired a new stake in WhiteHawk Income during the 2nd quarter worth approximately $3,756,000. Readystate Asset Management LP purchased a new position in WhiteHawk Income in the 2nd quarter valued at approximately $696,000. Finally, Alpha Wealth Funds LLC purchased a new position in WhiteHawk Income in the 3rd quarter valued at approximately $249,000.

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.