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

WhiteHawk Income Corp. (NYSE:WHK) has been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $32.40.

A number of research analysts recently weighed in on WHK shares. Zacks Research raised WhiteHawk Income to a “hold” rating in a research note on Tuesday, July 7th. Raymond James Financial boosted their price objective on WhiteHawk Income from $34.00 to $37.00 and gave the company a “strong-buy” rating in a report on Wednesday, September 2nd. Stifel Nicolaus began coverage on WhiteHawk Income in a research report on Thursday, September 10th. They set a “buy” rating and a $32.00 target price on the stock. Wall Street Zen cut WhiteHawk Income from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Finally, Stephens started coverage on shares of WhiteHawk Income in a research note on Monday, July 6th. They set an “overweight” rating and a $33.00 price target for the company.

Institutional Investors Weigh In On WhiteHawk Income

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

WhiteHawk Income Trading Down 0.1%

Shares of NYSE WHK opened at $26.31 on Friday. The firm’s 50-day moving average is $26.74. WhiteHawk Income has a 1-year low of $25.34 and a 1-year high of $29.07.

WhiteHawk Income Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were issued a dividend of $0.61 per share. 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.

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.