Raymond James Financial Cuts WhiteHawk Income (NYSE:WHK) Price Target to $35.00

WhiteHawk Income (NYSE:WHK) had its target price lowered by Raymond James Financial from $37.00 to $35.00 in a research report sent to investors on Friday,Benzinga reports. Raymond James Financial currently has a strong-buy rating on the stock.

Several other analysts also recently weighed in on WHK. JPMorgan Chase & Co. began coverage on shares of WhiteHawk Income in a research report on Monday, July 6th. They issued a “neutral” rating and a $28.00 price objective on the stock. Weiss Ratings began coverage on shares of WhiteHawk Income in a research note on Monday, August 31st. They set a “sell (e)” rating for the company. Stephens assumed coverage on shares of WhiteHawk Income in a research report on Monday, July 6th. They issued an “overweight” rating and a $33.00 target price for the company. Capital One Financial assumed coverage on shares of WhiteHawk Income in a research note on Monday, July 6th. They issued an “overweight” rating and a $32.00 price target on the stock. Finally, Stifel Nicolaus started coverage on WhiteHawk Income in a report on Thursday, September 10th. They set a “buy” rating and a $32.00 price target on the stock. One investment 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, WhiteHawk Income presently has an average rating of “Moderate Buy” and an average price target of $32.00.

WhiteHawk Income Price Performance

Shares of WHK opened at $25.55 on Friday. WhiteHawk Income has a 1 year low of $24.06 and a 1 year high of $29.07. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 1.39. The company’s fifty day moving average price is $26.64.

WhiteHawk Income Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date of this dividend was Monday, August 24th.

Institutional Investors Weigh In On WhiteHawk Income

Institutional investors have recently bought and sold shares of the stock. Readystate Asset Management LP bought a new position in WhiteHawk Income in the 2nd quarter valued at about $696,000. BlueCrest Capital Management Ltd acquired a new position in WhiteHawk Income during the 2nd quarter valued at about $3,756,000. Alyeska Investment Group L.P. bought a new stake in shares of WhiteHawk Income during the 2nd quarter worth about $6,955,000. Finally, Citadel Advisors LLC bought a new stake in shares of WhiteHawk Income during the 2nd quarter worth about $10,215,000.

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.