WhiteHawk Income (NYSE:WHK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of WhiteHawk Income (NYSE:WHK) from a sell rating to a hold rating in a report released on Saturday morning,Wall Street Zen reports.

Several other brokerages have also recently weighed in on WHK. Stephens initiated coverage on WhiteHawk Income in a research note on Monday, July 6th. They set an “overweight” rating and a $33.00 price objective on the stock. Raymond James Financial reduced their target price on shares of WhiteHawk Income from $37.00 to $35.00 and set a “strong-buy” rating for the company in a research note on Friday. Stifel Nicolaus started coverage on shares of WhiteHawk Income in a report on Thursday, September 10th. They issued a “buy” rating and a $32.00 target price for the company. Capital One Financial initiated coverage on shares of WhiteHawk Income in a research report on Monday, July 6th. They set an “overweight” rating and a $32.00 price target on the stock. Finally, Weiss Ratings started coverage on shares of WhiteHawk Income in a report on Monday, August 31st. They set a “sell (e)” rating on the stock. One 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 assigned a Sell rating to the stock. According to data from MarketBeat, WhiteHawk Income presently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

WhiteHawk Income Stock Performance

WHK stock opened at $25.68 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.39 and a current ratio of 1.39. WhiteHawk Income has a twelve month low of $24.06 and a twelve month high of $29.07. The firm has a 50 day moving average of $26.63.

WhiteHawk Income Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a $2.44 annualized dividend and a dividend yield of 9.5%.

Hedge Funds Weigh In On WhiteHawk Income

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

About WhiteHawk Income

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.