WhiteHawk Income (NYSE:WHK) Stock Rating Upgraded by Wall Street Zen

WhiteHawk Income (NYSE:WHK) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Sunday, Wall Street Zen reports.

Several other analysts have also commented on the stock. Weiss Ratings assumed coverage on shares of WhiteHawk Income in a research report on Monday, August 31st. They issued a “sell (e)” rating on the stock. Stifel Nicolaus started coverage on shares of WhiteHawk Income in a research report on Thursday, September 10th. They set a “buy” rating and a $32.00 target price for the company. Zacks Research upgraded shares of WhiteHawk Income from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 3rd. Finally, Raymond James Financial lowered their price target 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. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, WhiteHawk Income has an average rating of “Moderate Buy” and an average target price of $32.00.

WhiteHawk Income Price Performance

Shares of NYSE:WHK opened at $24.58 on Friday. The business has a 50-day moving average of $26.29. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.18. WhiteHawk Income has a fifty-two week low of $24.01 and a fifty-two week high of $29.07.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of WHK. Alpha Wealth Funds LLC purchased a new position in shares of WhiteHawk Income during the third quarter worth about $249,000. Readystate Asset Management LP bought a new position in shares of WhiteHawk Income in the 2nd quarter worth $696,000. BlueCrest Capital Management Ltd purchased a new stake in shares of WhiteHawk Income during the 2nd quarter valued at $3,756,000. Alyeska Investment Group L.P. purchased a new stake in shares of WhiteHawk Income during the 2nd quarter valued at $6,955,000. Finally, Citadel Advisors LLC bought a new stake in shares of WhiteHawk Income during the 2nd quarter worth $10,215,000.

WhiteHawk Income Company Profile

WhiteHawk Income (NYSE:WHK) is a business development company that invests in privately owned, middle-market businesses. The company seeks to generate current income primarily through investments in debt securities, including senior secured loans, second-lien loans, unitranche financing and other forms of private credit.

WhiteHawk Income may also make equity investments in portfolio companies, giving it the potential to participate in their long-term growth. Its investment strategy is focused largely on U.S.