WhiteHawk Income Corp. (NYSE:WHK) Stock Short Interest Report for September

WhiteHawk Income Corp. (NYSE:WHK) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 836,431 shares, an increase of 294.5% from the September 15th total of 212,038 shares. Based on an average trading volume of 441,122 shares, the short-interest ratio is currently 1.9 days. Currently, 3.0% of the shares of the company are short sold.

Analyst Ratings Changes

Several equities research analysts have issued reports on WHK shares. Capital One Financial started coverage on WhiteHawk Income in a report on Monday, July 6th. They set an “overweight” rating and a $32.00 price target for the company. Raymond James Financial decreased their price objective on shares of WhiteHawk Income from $37.00 to $35.00 and set a “strong-buy” rating on the stock in a report on Friday, October 2nd. Wall Street Zen upgraded shares of WhiteHawk Income from a “sell” rating to a “hold” rating in a report on Saturday, October 3rd. Weiss Ratings started coverage on shares of WhiteHawk Income in a research report on Monday, August 31st. They issued a “sell (e)” rating on the stock. Finally, Zacks Research upgraded shares of WhiteHawk Income to a “hold” rating in a research note on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $32.00.

WhiteHawk Income Trading Up 0.0%

Shares of NYSE:WHK traded up $0.01 during trading on Monday, reaching $26.26. 106,976 shares of the stock were exchanged, compared to its average volume of 201,644. WhiteHawk Income has a 12 month low of $24.06 and a 12 month high of $29.07. The company has a market cap of $723.46 million and a price-to-earnings ratio of -105.04. The company’s 50-day moving average is $26.64. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.39 and a current ratio of 1.39.

WhiteHawk Income Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were paid a dividend of $0.61 per share. The ex-dividend date was Monday, August 24th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 9.3%. WhiteHawk Income’s dividend payout ratio (DPR) is -176.00%.

Institutional Trading of WhiteHawk Income

Several hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC acquired a new position in WhiteHawk Income in the 2nd quarter valued at $10,215,000. Alyeska Investment Group L.P. bought a new position in WhiteHawk Income during the 2nd quarter worth $6,955,000. BlueCrest Capital Management Ltd bought a new position in WhiteHawk Income during the 2nd quarter worth $3,756,000. Finally, Readystate Asset Management LP bought a new position in WhiteHawk Income during the 2nd quarter worth $696,000.

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.