Citadel Advisors LLC Invests $10.21 Million in WhiteHawk Income Corp. $WHK

Key Points

• Citadel Advisors acquired 367,164 WhiteHawk Income shares worth approximately $10.21 million, giving it a 1.33% stake. Readystate Asset Management also purchased a new position valued at about $696,000.
• WhiteHawk’s shares opened at $27.89, near their 52-week high of $28.60. The company recently paid a quarterly dividend of $0.61, equating to a $2.44 annualized payout and an 8.7% yield.
• Analyst sentiment is mixed but leans positive: the stock has a consensus “Moderate Buy” rating and a $32 average price target, compared with the current share price.

Citadel Advisors LLC acquired a new stake in WhiteHawk Income Corp. (NYSE:WHK - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 367,164 shares of the company's stock, valued at approximately $10,215,000. Citadel Advisors LLC owned 1.33% of WhiteHawk Income as of its most recent SEC filing.

Separately, Readystate Asset Management LP purchased a new stake in WhiteHawk Income in the 2nd quarter valued at about $696,000.

WhiteHawk Income Stock Performance

NYSE WHK opened at $27.89 on Tuesday. WhiteHawk Income Corp. has a one year low of $25.34 and a one year high of $28.60. The firm has a 50 day simple moving average of $26.55.

WhiteHawk Income Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were given a $0.61 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $2.44 annualized dividend and a dividend yield of 8.7%.

Wall Street Analysts Forecast Growth

WHK has been the topic of several research analyst reports. Zacks Research raised shares of WhiteHawk Income to a "hold" rating in a research report on Tuesday, July 7th. Stephens initiated coverage on shares of WhiteHawk Income in a research report on Monday, July 6th. They set an "overweight" rating and a $33.00 price target for the company. Weiss Ratings began coverage on shares of WhiteHawk Income in a research note on Monday, August 31st. They set a "sell (e)" rating on the stock. Stifel Nicolaus began coverage on shares of WhiteHawk Income in a report on Monday, July 6th. They issued a "buy" rating and a $30.00 price target on the stock. Finally, Wall Street Zen cut shares of WhiteHawk Income from a "hold" rating to a "sell" rating in a research note on Saturday, August 22nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $32.00.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.