WhiteHawk Income (NYSE:WHK) Given New $35.00 Price Target at Raymond James Financial

WhiteHawk Income (NYSE:WHK) had its target price dropped by stock analysts at Raymond James Financial from $37.00 to $35.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “strong-buy” rating on the stock. Raymond James Financial’s target price suggests a potential upside of 37.47% from the stock’s current price.

A number of other research firms have also recently issued reports on WHK. Zacks Research upgraded WhiteHawk Income to a “hold” rating in a report on Tuesday, July 7th. Weiss Ratings initiated coverage on shares of WhiteHawk Income in a research note on Monday, August 31st. They set a “sell (e)” rating for the company. Wall Street Zen downgraded WhiteHawk Income from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. JPMorgan Chase & Co. initiated coverage on shares of WhiteHawk Income in a research note on Monday, July 6th. They issued a “neutral” rating and a $28.00 price objective on the stock. Finally, Stifel Nicolaus initiated coverage on shares of WhiteHawk Income in a research note on Thursday, September 10th. They set a “buy” rating and a $32.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, WhiteHawk Income presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

WhiteHawk Income Stock Performance

WHK traded up $0.49 during trading on Friday, reaching $25.46. 185,976 shares of the company were exchanged, compared to its average volume of 197,563. WhiteHawk Income has a 12-month low of $24.06 and a 12-month high of $29.07. The company has a 50-day simple moving average of $26.65.

Hedge Funds Weigh In On WhiteHawk Income

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

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.