WhiteHawk Income (NYSE:WHK) Sets New 1-Year Low – Time to Sell?

WhiteHawk Income Corp. (NYSE:WHK)’s stock price reached a new 52-week low during trading on Tuesday. The company traded as low as $25.29 and last traded at $25.2750, with a volume of 88399 shares changing hands. The stock had previously closed at $25.72.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Stephens started 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. Raymond James Financial increased 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. Wall Street Zen lowered WhiteHawk Income from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Capital One Financial initiated coverage on WhiteHawk Income in a research note on Monday, July 6th. They issued an “overweight” rating and a $32.00 price target for the company. Finally, Zacks Research raised WhiteHawk Income to a “hold” rating in a research report on Tuesday, July 7th. 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $32.40.

WhiteHawk Income Trading Down 1.9%

The business has a 50-day moving average of $26.74.

WhiteHawk Income Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 9.7%. The ex-dividend date of this dividend was Monday, August 24th.

Hedge Funds Weigh In On WhiteHawk Income

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlueCrest Capital Management Ltd bought a new stake in WhiteHawk Income during the second quarter valued at approximately $3,756,000. Citadel Advisors LLC bought a new position in WhiteHawk Income in the second quarter worth approximately $10,215,000. Readystate Asset Management LP purchased a new position in shares of WhiteHawk Income during the 2nd quarter worth $696,000. Finally, Alyeska Investment Group L.P. bought a new stake in shares of WhiteHawk Income during the 2nd quarter valued at $6,955,000.

WhiteHawk Income Company Profile

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.