WhiteHawk Income (NYSE:WHK) Shares Gap Down – Time to Sell?

WhiteHawk Income Corp. (NYSE:WHK) gapped down prior to trading on Thursday . The stock had previously closed at $28.66, but opened at $27.19. WhiteHawk Income shares last traded at $27.4050, with a volume of 2,882 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WHK. Zacks Research upgraded shares of WhiteHawk Income to a “hold” rating in a research report on Tuesday, July 7th. Capital One Financial began coverage on shares of WhiteHawk Income in a research note on Monday, July 6th. They set an “overweight” rating and a $32.00 target price for the company. Weiss Ratings assumed coverage on shares of WhiteHawk Income in a report on Monday, August 31st. They set a “sell (e)” rating for the company. Raymond James Financial lifted their price target on shares of WhiteHawk Income from $34.00 to $37.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, September 2nd. Finally, Stephens initiated coverage on WhiteHawk Income in a report on Monday, July 6th. They issued an “overweight” rating and a $33.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $32.40.

WhiteHawk Income Price Performance

The stock has a 50 day moving average price of $26.71.

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 given a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 9.2%. The ex-dividend date of this dividend was Monday, August 24th.

Institutional Investors Weigh In On WhiteHawk Income

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

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.