WhiteHawk Income Corp. (NYSE:WHK – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $28.66 and last traded at $28.31, with a volume of 3192 shares changing hands. The stock had previously closed at $28.41.
Wall Street Analyst Weigh In
WHK has been the subject of a number of research analyst reports. Stifel Nicolaus assumed coverage on shares of WhiteHawk Income in a research report on Thursday. They set a “buy” rating and a $32.00 price objective for the company. Raymond James Financial lifted their target price on shares of WhiteHawk Income from $34.00 to $37.00 and gave the stock a “strong-buy” rating in a report on Wednesday, September 2nd. Capital One Financial started coverage on shares of WhiteHawk Income in a report on Monday, July 6th. They issued an “overweight” rating and a $32.00 price target on the stock. Weiss Ratings began coverage on WhiteHawk Income in a report on Monday, August 31st. They set a “sell (e)” rating for the company. Finally, JPMorgan Chase & Co. started coverage on WhiteHawk Income in a research note on Monday, July 6th. They set a “neutral” rating and a $28.00 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 given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $32.40.
Check Out Our Latest Stock Analysis on WhiteHawk Income
WhiteHawk Income Stock Performance
WhiteHawk Income Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date was Monday, August 24th.
Hedge Funds Weigh In On WhiteHawk Income
A number of hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC acquired a new position in WhiteHawk Income in the 2nd quarter valued at $10,215,000. Alyeska Investment Group L.P. acquired a new position in WhiteHawk Income in the second quarter valued at about $6,955,000. BlueCrest Capital Management Ltd acquired a new position in WhiteHawk Income in the second quarter valued at about $3,756,000. Finally, Readystate Asset Management LP bought a new stake in WhiteHawk Income during the second quarter worth about $696,000.
About WhiteHawk Income
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).
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