WhiteHawk Income Corp. (NYSE:WHK) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts rate WhiteHawk Income “Moderate Buy”: Seven analysts offer a mixed view—three buys, one strong buy, two holds and one sell—with an average 12-month price target of $32.40.
• WHK shares opened at $26.38 after declining 3.8%, trading near the lower end of their $25.34–$29.07 12-month range.
• The company paid a quarterly dividend of $0.61, equivalent to $2.44 annually and a 9.2% yield; several institutional investors also established new positions during the second quarter.

WhiteHawk Income Corp. (NYSE:WHK - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seven analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $32.40.

WHK has been the topic of several research reports. 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 on the stock. Stephens initiated coverage on WhiteHawk Income in a research note on Monday, July 6th. They issued an "overweight" rating and a $33.00 target price for the company. Capital One Financial started coverage on WhiteHawk Income in a research report on Monday, July 6th. They set an "overweight" rating and a $32.00 price target on the stock. Zacks Research raised WhiteHawk Income to a "hold" rating in a research note on Tuesday, July 7th. Finally, Weiss Ratings initiated coverage on WhiteHawk Income in a report on Monday, August 31st. They issued a "sell (e)" rating for the company.

WhiteHawk Income Trading Down 3.8%

Shares of WhiteHawk Income stock opened at $26.38 on Friday. WhiteHawk Income has a 12-month low of $25.34 and a 12-month high of $29.07. The firm's fifty day moving average is $26.71.

WhiteHawk Income Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 9.2%. The ex-dividend date was Monday, August 24th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WHK. Citadel Advisors LLC bought a new position in shares of WhiteHawk Income during the second quarter valued at $10,215,000. Alyeska Investment Group L.P. bought a new position in WhiteHawk Income in the 2nd quarter worth about $6,955,000. BlueCrest Capital Management Ltd purchased a new stake in WhiteHawk Income during the 2nd quarter valued at about $3,756,000. Finally, Readystate Asset Management LP bought a new stake in WhiteHawk Income during the 2nd quarter valued at about $696,000.

WhiteHawk Income Company Profile

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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