BlueCrest Capital Management Ltd acquired a new position in shares of WhiteHawk Income Corp. (NYSE:WHK – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 135,000 shares of the company’s stock, valued at approximately $3,756,000.
Other hedge funds also recently bought and sold shares of the company. Readystate Asset Management LP acquired a new position in shares of WhiteHawk Income in the second quarter worth about $696,000. Alyeska Investment Group L.P. acquired a new stake in shares of WhiteHawk Income during the second quarter valued at approximately $6,955,000. Finally, Citadel Advisors LLC purchased a new stake in shares of WhiteHawk Income in the 2nd quarter valued at approximately $10,215,000.
Wall Street Analysts Forecast Growth
WHK has been the subject of a number of recent analyst reports. Stifel Nicolaus assumed coverage on shares of WhiteHawk Income in a research note on Monday, July 6th. They issued a “buy” rating and a $30.00 price objective for the company. Raymond James Financial boosted their target price on shares of WhiteHawk Income from $34.00 to $37.00 and gave the company a “strong-buy” rating in a research note on Wednesday, September 2nd. Stephens started coverage on WhiteHawk Income in a report on Monday, July 6th. They issued an “overweight” rating and a $33.00 target price for the company. Wall Street Zen cut WhiteHawk Income from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Finally, Capital One Financial began coverage on WhiteHawk Income in a report on Monday, July 6th. They set an “overweight” rating and a $32.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, WhiteHawk Income currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.
WhiteHawk Income Stock Up 1.4%
Shares of NYSE:WHK opened at $28.36 on Thursday. WhiteHawk Income Corp. has a fifty-two week low of $25.34 and a fifty-two week high of $28.60. The business has a 50-day moving average of $26.57.
WhiteHawk Income Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were paid a $0.61 dividend. The ex-dividend date was Monday, August 24th. This represents a $2.44 dividend on an annualized basis and a yield of 8.6%.
WhiteHawk Income Company Profile
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).
See Also
- Five stocks we like better than WhiteHawk Income
- Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal
- GE Aerospace’s $11.75B Deal Puts Howmet Aerospace in Focus
- Casey’s Post-Earnings Drop May Give Investors a Better Entry Into a Quality Retailer
- Sovereign AI: Palantir and Nebius Cut the Cloud Cord
Want to see what other hedge funds are holding WHK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WhiteHawk Income Corp. (NYSE:WHK – Free Report).
Receive News & Ratings for WhiteHawk Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WhiteHawk Income and related companies with MarketBeat.com's FREE daily email newsletter.
