WhiteHawk Income (NYSE:WHK) Stock Rating Raised to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded WhiteHawk Income from “sell” to “hold,” while MarketBeat’s analyst consensus remains “Moderate Buy” with a $32.00 target price.
• WHK shares opened at $25.55, up 2.3%, and are trading between a 52-week range of $24.06 to $29.07; the 50-day moving average is $26.64.
• Several institutional investors established new positions during the second quarter, including Citadel Advisors, Alyeska Investment Group, BlueCrest Capital Management and Readystate Asset Management.

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

Other equities research analysts have also recently issued reports about the stock. Zacks Research raised shares of WhiteHawk Income to a "hold" rating in a report on Tuesday, July 7th. Stephens initiated coverage on WhiteHawk Income in a research report on Monday, July 6th. They issued an "overweight" rating and a $33.00 price target on the stock. Weiss Ratings started coverage on WhiteHawk Income in a research note on Monday, August 31st. They set a "sell (e)" rating for the company. JPMorgan Chase & Co. started coverage on WhiteHawk Income in a research report on Monday, July 6th. They set a "neutral" rating and a $28.00 price objective for the company. Finally, Raymond James Financial lowered their target price on WhiteHawk Income from $37.00 to $35.00 and set a "strong-buy" rating on the stock in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, WhiteHawk Income has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

WhiteHawk Income Stock Up 2.3%

Shares of NYSE:WHK opened at $25.55 on Friday. WhiteHawk Income has a 1-year low of $24.06 and a 1-year high of $29.07. The stock's fifty day simple moving average is $26.64.

Institutional Inflows and Outflows

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

About WhiteHawk Income

WhiteHawk Income NYSE: WHK is a closed-end investment fund focused on generating current income through investments in private credit and other income-producing assets. The fund primarily seeks opportunities in senior secured loans and related debt investments issued by middle-market companies.

WhiteHawk Income is managed by WhiteHawk Capital Partners, an investment manager specializing in private credit. Its investment strategy emphasizes credit selection, downside protection and portfolio diversification across industries and borrowers.

The fund's activities are centered on the U.S.

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