WhiteHawk Income Corp. (NYSE:WHK) Stock Short Interest Climbs 294.5%

WhiteHawk Income Corp. (NYSE:WHK) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 836,431 shares, a growth of 294.5% from the September 15th total of 212,038 shares. Approximately 3.0% of the shares of the company are short sold. Based on an average daily volume of 441,122 shares, the short-interest ratio is currently 1.9 days.

WhiteHawk Income Trading Down 0.5%

NYSE:WHK traded down $0.12 during mid-day trading on Friday, hitting $26.26. The company’s stock had a trading volume of 192,303 shares, compared to its average volume of 348,367. The firm has a market cap of $723.46 million and a P/E ratio of -105.04. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 1.39. WhiteHawk Income has a fifty-two week low of $24.06 and a fifty-two week high of $29.07. The company has a fifty day simple moving average of $26.64.

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 $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 9.3%. The ex-dividend date was Monday, August 24th. WhiteHawk Income’s dividend payout ratio is currently -176.00%.

Analysts Set New Price Targets

A number of brokerages have recently commented on WHK. Raymond James Financial cut their price objective on shares of WhiteHawk Income from $37.00 to $35.00 and set a “strong-buy” rating for the company in a research report on Friday, October 2nd. Zacks Research raised WhiteHawk Income to a “hold” rating in a research report on Tuesday, July 7th. Capital One Financial started coverage on WhiteHawk Income in a report on Monday, July 6th. They issued an “overweight” rating and a $32.00 price target for the company. Stephens started coverage on WhiteHawk Income in a research report on Monday, July 6th. They issued an “overweight” rating and a $33.00 price objective for the company. Finally, Stifel Nicolaus initiated coverage on WhiteHawk Income in a report on Thursday, September 10th. They set a “buy” rating and a $32.00 price objective on the stock. One equities 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.00.

Hedge Funds Weigh In On WhiteHawk Income

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

WhiteHawk Income Company Profile

WhiteHawk Income (NYSE: WHK) is a closed-end investment fund focused on generating current income through investments in private credit and other income-producing assets. The fund primarily seeks opportunities in senior secured loans and related debt investments issued by middle-market companies.

WhiteHawk Income is managed by WhiteHawk Capital Partners, an investment manager specializing in private credit. Its investment strategy emphasizes credit selection, downside protection and portfolio diversification across industries and borrowers.

The fund’s activities are centered on the U.S.