WhiteHawk Income Corp. (NYSE:WHK) Stock Now Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Analysts give WhiteHawk Income a “Moderate Buy” consensus: Of seven covering brokerages, three rate it buy, two strong buy, one hold and one sell; the average 12-month price target is $32. Raymond James cut its target from $37 to $35 but maintained a strong-buy rating.
• Several institutional investors opened positions in the company during the second and third quarters, including Citadel Advisors, which bought a stake valued at about $10.2 million.
• Shares opened at $24.54, while the company’s quarterly dividend of $0.61 per share equates to an annualized yield of about 9.9%. Its reported payout ratio was -176%.

Shares of WhiteHawk Income Corp. (NYSE:WHK - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seven brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $32.00.

Several equities research analysts have recently weighed in on the stock. Raymond James Financial reduced their target price on shares of WhiteHawk Income from $37.00 to $35.00 and set a "strong-buy" rating on the stock in a research note on Friday, October 2nd. Weiss Ratings started 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 started coverage on shares of WhiteHawk Income in a research note on Thursday, September 10th. They set a "buy" rating and a $32.00 price target for the company. Zacks Research upgraded shares of WhiteHawk Income from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 3rd. Finally, Wall Street Zen raised shares of WhiteHawk Income from a "sell" rating to a "hold" rating in a research report on Sunday.

Institutional Inflows and Outflows

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

WhiteHawk Income Stock Down 0.0%

Shares of WHK opened at $24.54 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a fifty day moving average of $26.32. The company has a market capitalization of $675.94 million and a P/E ratio of -98.14. WhiteHawk Income has a 52-week low of $24.01 and a 52-week high of $29.07.

WhiteHawk Income Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 9.9%. The ex-dividend date was Monday, August 24th. WhiteHawk Income's payout ratio is -176.00%.

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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