Brokerages Set WhiteHawk Income Corp. (NYSE:WHK) Target Price at $32.40

Shares of WhiteHawk Income Corp. (NYSE:WHK) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $32.40.

Several equities research analysts have issued reports on WHK shares. Zacks Research upgraded WhiteHawk Income to a “hold” rating in a report on Tuesday, July 7th. Stephens started coverage on WhiteHawk Income in a research note on Monday, July 6th. They set an “overweight” rating and a $33.00 target price for the company. Weiss Ratings assumed coverage on shares of WhiteHawk Income in a research report on Monday, August 31st. They set a “sell (e)” rating for the company. Wall Street Zen lowered shares of WhiteHawk Income from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Finally, Raymond James Financial upped their price target on shares of WhiteHawk Income from $34.00 to $37.00 and gave the company a “strong-buy” rating in a report on Wednesday, September 2nd.

Hedge Funds Weigh In On WhiteHawk Income

Several large investors have recently modified their holdings of the stock. Readystate Asset Management LP bought a new stake in WhiteHawk Income in the second quarter valued at about $696,000. BlueCrest Capital Management Ltd bought a new position in WhiteHawk Income during the 2nd quarter worth approximately $3,756,000. Alyeska Investment Group L.P. acquired a new position in shares of WhiteHawk Income in the 2nd quarter worth approximately $6,955,000. Finally, Citadel Advisors LLC acquired a new position in shares of WhiteHawk Income in the 2nd quarter worth approximately $10,215,000.

WhiteHawk Income Stock Performance

Shares of NYSE WHK opened at $26.24 on Friday. WhiteHawk Income has a 1 year low of $25.34 and a 1 year high of $29.07. The stock’s 50-day simple moving average is $26.71.

WhiteHawk Income Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date was Monday, August 24th.

About WhiteHawk Income

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.