WhiteHawk Income Corp. (NYSE:WHK) Stock Has Consensus Target Price of $32.40 According to Brokerages

by · The Markets Daily

WhiteHawk Income Corp. (NYSE:WHK – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $32.40.

A number of equities analysts have commented on the company. Raymond James Financial lifted their target price on WhiteHawk Income from $34.00 to $37.00 and gave the company a “strong-buy” rating in a research note on Wednesday, September 2nd. Zacks Research upgraded WhiteHawk Income to a “hold” rating in a research report on Tuesday, July 7th. Weiss Ratings assumed coverage on WhiteHawk Income in a research report on Monday, August 31st. They set a “sell (e)” rating for the company. Wall Street Zen downgraded WhiteHawk Income from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Finally, Stifel Nicolaus started coverage on WhiteHawk Income in a research report on Thursday, September 10th. They issued a “buy” rating and a $32.00 target price on the stock.

Read Our Latest Stock Analysis on WhiteHawk Income

WhiteHawk Income Price Performance

Shares of WHK opened at $26.39 on Friday. The company has a fifty day simple moving average of $26.73. WhiteHawk Income has a fifty-two week low of $25.34 and a fifty-two week high of $29.07.

WhiteHawk Income Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC purchased a new position in WhiteHawk Income during the 2nd quarter worth approximately $10,215,000. Alyeska Investment Group L.P. purchased a new position in WhiteHawk Income during the second quarter valued at approximately $6,955,000. BlueCrest Capital Management Ltd purchased a new position in WhiteHawk Income during the second quarter valued at approximately $3,756,000. Finally, Readystate Asset Management LP acquired a new position in WhiteHawk Income in the 2nd quarter valued at approximately $696,000.

WhiteHawk Income Company Profile

(Get Free Report)

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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