BlueCrest Capital Management Ltd Takes Position in WhiteHawk Income Corp. $WHK

Key Points

• BlueCrest Capital Management bought 135,000 shares of WhiteHawk Income in the second quarter, valued at approximately $3.76 million and representing about 0.49% of the company. Citadel Advisors, Alyeska Investment Group, and Readystate Asset Management also established new positions.
• Analyst sentiment is mixed, but MarketBeat reports a consensus rating of “Moderate Buy” and an average price target of $32.00, compared with shares opening at $28.36.
• WhiteHawk Income paid a quarterly dividend of $0.61 per share, equivalent to $2.44 annually and an 8.6% dividend yield; the company focuses on natural gas mineral and royalty interests in the Marcellus and Haynesville Shales.

BlueCrest Capital Management Ltd purchased a new position in shares of WhiteHawk Income Corp. (NYSE:WHK - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 135,000 shares of the company's stock, valued at approximately $3,756,000. BlueCrest Capital Management Ltd owned about 0.49% of WhiteHawk Income as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of WHK. Citadel Advisors LLC acquired a new position in WhiteHawk Income during the 2nd quarter valued at about $10,215,000. Alyeska Investment Group L.P. acquired a new stake in shares of WhiteHawk Income in the second quarter valued at approximately $6,955,000. Finally, Readystate Asset Management LP acquired a new stake in shares of WhiteHawk Income in the second quarter valued at approximately $696,000.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WHK. Stifel Nicolaus started coverage on WhiteHawk Income in a research report on Monday, July 6th. They set a "buy" rating and a $30.00 price objective for the company. Zacks Research raised WhiteHawk Income to a "hold" rating in a research note on Tuesday, July 7th. Wall Street Zen lowered WhiteHawk Income from a "hold" rating to a "sell" rating in a research report on Saturday, August 22nd. Weiss Ratings assumed coverage on WhiteHawk Income in a research note on Monday, August 31st. They issued a "sell (e)" rating for the company. Finally, JPMorgan Chase & Co. initiated coverage on WhiteHawk Income in a report on Monday, July 6th. They set a "neutral" rating and a $28.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $32.00.

WhiteHawk Income Stock Up 1.4%

Shares of NYSE:WHK opened at $28.36 on Thursday. WhiteHawk Income Corp. has a 1-year low of $25.34 and a 1-year high of $28.60. The business's 50 day simple moving average is $26.57.

WhiteHawk Income Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a $2.44 annualized dividend and a dividend yield of 8.6%.

About WhiteHawk Income

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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