Alyeska Investment Group L.P. Takes $6.96 Million Position in WhiteHawk Income Corp. $WHK

Key Points

• Alyeska Investment Group acquired 250,000 WhiteHawk Income shares worth approximately $6.96 million, giving it a 0.93% stake.
• Analyst sentiment is mixed, but the stock carries a consensus “Moderate Buy” rating with an average price target of $31.40, above its $27.60 opening price.
• WhiteHawk recently paid a quarterly dividend of $0.61 per share, equivalent to $2.44 annually and an 8.8% yield.

Alyeska Investment Group L.P. acquired a new position in WhiteHawk Income Corp. (NYSE:WHK - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 250,000 shares of the company's stock, valued at approximately $6,955,000. Alyeska Investment Group L.P. owned 0.93% of WhiteHawk Income at the end of the most recent reporting period.

Analyst Ratings Changes

A number of research analysts have recently issued reports on WHK shares. Zacks Research upgraded shares of WhiteHawk Income to a "hold" rating in a research report on Tuesday, July 7th. Wall Street Zen cut shares of WhiteHawk Income from a "hold" rating to a "sell" rating in a research report on Saturday, August 22nd. Weiss Ratings initiated coverage on shares of WhiteHawk Income in a research note on Monday. They set a "sell (e)" rating for the company. Stephens initiated coverage on shares of WhiteHawk Income in a report on Monday, July 6th. They issued an "overweight" rating and a $33.00 target price on the stock. Finally, Raymond James Financial began coverage on shares of WhiteHawk Income in a research report on Tuesday, July 7th. They set a "strong-buy" rating and a $34.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $31.40.

WhiteHawk Income Trading Up 0.6%

WhiteHawk Income stock opened at $27.60 on Wednesday. WhiteHawk Income Corp. has a 52-week low of $25.34 and a 52-week high of $28.60. The stock's 50 day simple moving average is $26.49.

WhiteHawk Income Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 8.8%. The ex-dividend date was Monday, August 24th.

WhiteHawk Income Company Profile

WhiteHawk is focused on being the premier natural gas mineral and royalty business in the United States. We are committed to delivering cash flow and total returns to our investors through the disciplined acquisition, active management and ownership of high-quality mineral and royalty interests. Our assets are concentrated in the Marcellus and Haynesville Shales, which are located in the Appalachian and Haynesville Basins, which are among the most productive and lowest-cost U.S. natural gas basins(1).

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