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

Key Points

• Wall Street Zen downgraded WhiteHawk Income to “sell” from “hold,” contrasting with a MarketBeat consensus “moderate buy” rating and an average price target of $32.00.
• Analyst opinions remain mixed: Raymond James lowered its target to $35 while maintaining “strong buy,” and other firms have issued buy, neutral, hold, and overweight ratings.
• WHK opened at $26.29, near its 50-day moving average of $26.51 and within its $24.06–$29.07 one-year range. Several hedge funds, including Citadel Advisors and Alyeska Investment Group, recently established positions.

WhiteHawk Income (NYSE:WHK - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday, Wall Street Zen reports.

Several other research analysts have also commented on WHK. Raymond James Financial reduced their price objective on shares of WhiteHawk Income from $37.00 to $35.00 and set a "strong-buy" rating for the company in a research note on Friday, October 2nd. JPMorgan Chase & Co. started coverage on shares of WhiteHawk Income in a report on Monday, July 6th. They issued a "neutral" rating and a $28.00 price target on the stock. Zacks Research raised WhiteHawk Income to a "hold" rating in a research report on Tuesday, July 7th. Stifel Nicolaus started coverage on WhiteHawk Income in a report on Thursday, September 10th. They set a "buy" rating and a $32.00 price objective for the company. Finally, Capital One Financial assumed coverage on WhiteHawk Income in a research report on Monday, July 6th. They issued an "overweight" rating and a $32.00 price objective for the company. One equities 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 issued a Sell rating to the stock. Based on data from MarketBeat, WhiteHawk Income has a consensus rating of "Moderate Buy" and an average price target of $32.00.

WhiteHawk Income Price Performance

WHK stock opened at $26.29 on Friday. WhiteHawk Income has a one year low of $24.06 and a one year high of $29.07. 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 firm's 50-day moving average price is $26.51.

Institutional Inflows and Outflows

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

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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