WhiteHawk Income (NYSE:WHK) Stock Moved Up to “Hold” by Wall Street Zen

Wall Street Zen upgraded shares of WhiteHawk Income (NYSE:WHK) from a sell rating to a hold rating in a report published on Saturday,Wall Street Zen reports.

Other analysts also recently issued research reports about the stock. Weiss Ratings started coverage on shares of WhiteHawk Income in a research report on Monday, August 31st. They set a “sell (e)” rating for the company. Stifel Nicolaus began coverage on shares of WhiteHawk Income in a research report on Thursday, September 10th. They set a “buy” rating and a $32.00 price target on the stock. JPMorgan Chase & Co. began coverage on shares of WhiteHawk Income in a research report on Monday, July 6th. They issued a “neutral” rating and a $28.00 price objective for the company. Capital One Financial initiated coverage on shares of WhiteHawk Income in a research note on Monday, July 6th. They issued an “overweight” rating and a $32.00 target price on the stock. Finally, Stephens began coverage on shares of WhiteHawk Income in a report on Monday, July 6th. They set an “overweight” rating and a $33.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

WhiteHawk Income Trading Up 2.3%

WhiteHawk Income stock opened at $25.55 on Friday. WhiteHawk Income has a 12 month low of $24.06 and a 12 month high of $29.07. The stock has a 50-day moving average price of $26.64.

WhiteHawk Income Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were given a $0.61 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $2.44 annualized dividend and a yield of 9.6%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Readystate Asset Management LP acquired a new stake in WhiteHawk Income during the 2nd quarter valued at $696,000. BlueCrest Capital Management Ltd acquired a new position in shares of WhiteHawk Income in the second quarter worth about $3,756,000. Alyeska Investment Group L.P. acquired a new position in shares of WhiteHawk Income in the 2nd quarter valued at approximately $6,955,000. Finally, Citadel Advisors LLC acquired a new stake in WhiteHawk Income in the second quarter valued at $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.