WhiteHawk Income (NYSE:WHK) Stock Price Target Lowered at Raymond James Financial

Key Points

• Raymond James lowered WhiteHawk Income’s price target from $37 to $35 while maintaining a “strong-buy” rating, implying 37.47% upside from the previous close.
• Analyst sentiment is mixed but generally positive: MarketBeat reports a consensus rating of “Moderate Buy” and an average price target of $32, with ratings ranging from strong buy to sell.
• WHK shares rose $0.49 to $25.46 in Friday trading. Several institutional investors, including Citadel Advisors, Alyeska Investment Group, and BlueCrest Capital, recently established positions in the company.

WhiteHawk Income (NYSE:WHK - Get Free Report) had its target price reduced by Raymond James Financial from $37.00 to $35.00 in a research note issued on Friday, Benzinga reports. The firm presently has a "strong-buy" rating on the stock. Raymond James Financial's target price points to a potential upside of 37.47% from the company's previous close.

Other equities research analysts have also recently issued research reports about the company. Stephens initiated coverage on WhiteHawk Income in a report on Monday, July 6th. They set an "overweight" rating and a $33.00 price objective for the company. Zacks Research raised WhiteHawk Income to a "hold" rating in a report on Tuesday, July 7th. JPMorgan Chase & Co. assumed coverage on WhiteHawk Income in a research report on Monday, July 6th. They set a "neutral" rating and a $28.00 price objective on the stock. Weiss Ratings assumed coverage on WhiteHawk Income in a report on Monday, August 31st. They set a "sell (e)" rating for the company. Finally, Capital One Financial began coverage on shares of WhiteHawk Income in a research note on Monday, July 6th. They issued an "overweight" rating and a $32.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $32.00.

WhiteHawk Income Stock Performance

Shares of NYSE WHK traded up $0.49 during mid-day trading on Friday, reaching $25.46. 185,976 shares of the company were exchanged, compared to its average volume of 197,563. The firm's 50-day moving average is $26.65. WhiteHawk Income has a twelve month low of $24.06 and a twelve month high of $29.07.

Hedge Funds Weigh In On WhiteHawk Income

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Readystate Asset Management LP acquired a new position in shares of WhiteHawk Income during the 2nd quarter valued at $696,000. BlueCrest Capital Management Ltd purchased a new stake in WhiteHawk Income in the second quarter worth $3,756,000. Alyeska Investment Group L.P. purchased a new position in shares of WhiteHawk Income during the 2nd quarter valued at $6,955,000. Finally, Citadel Advisors LLC bought a new stake in WhiteHawk Income in the 2nd quarter valued at about $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.

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