WhiteHawk Income Corp. (NYSE:WHK) Stock Has Average Target Price of $32.00

Shares of WhiteHawk Income Corp. (NYSE:WHK) have received a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $32.00.

Several research analysts recently weighed in on the company. Zacks Research raised WhiteHawk Income from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 3rd. Stifel Nicolaus started coverage on shares of WhiteHawk Income in a research report on Thursday, September 10th. They issued a “buy” rating and a $32.00 price target for the company. Wall Street Zen upgraded shares of WhiteHawk Income from a “sell” rating to a “hold” rating in a report on Sunday. Raymond James Financial dropped 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 research note on Friday, October 2nd. Finally, Weiss Ratings initiated coverage on shares of WhiteHawk Income in a research report on Monday, August 31st. They issued a “sell (e)” rating for the company.

Institutional Trading of WhiteHawk Income

Institutional investors and hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC bought a new stake in WhiteHawk Income during the second quarter worth approximately $10,215,000. Alyeska Investment Group L.P. acquired a new stake in shares of WhiteHawk Income in the second quarter worth $6,955,000. BlueCrest Capital Management Ltd acquired a new stake in shares of WhiteHawk Income in the second quarter worth $3,756,000. Readystate Asset Management LP bought a new stake in shares of WhiteHawk Income during the 2nd quarter worth $696,000. Finally, Alpha Wealth Funds LLC bought a new stake in shares of WhiteHawk Income during the 3rd quarter worth $249,000.

WhiteHawk Income Trading Up 2.0%

NYSE WHK opened at $25.36 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a 50 day simple moving average of $26.19. WhiteHawk Income has a 12 month low of $24.01 and a 12 month high of $29.07.

WhiteHawk Income Company Profile

WhiteHawk Income Corporation is a business development company focused on providing debt financing to middle-market businesses. Its investment strategy centers on privately negotiated loans, including senior secured loans, intended to generate income from its portfolio. The company primarily invests in U.S. businesses and is externally managed by WhiteHawk Capital Partners, an investment manager specializing in middle-market credit. Through its investments, WhiteHawk Income provides companies with access to financing while offering investors exposure to private credit.