WhiteHawk Income Corp. (NYSE:WHK) Sees Significant Growth in Short Interest

WhiteHawk Income Corp. (NYSE:WHK) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 836,431 shares, an increase of 294.5% from the September 15th total of 212,038 shares. Currently, 3.0% of the company’s stock are sold short. Based on an average daily trading volume, of 441,122 shares, the days-to-cover ratio is currently 1.9 days.

WhiteHawk Income Stock Performance

Shares of NYSE WHK opened at $26.26 on Tuesday. The firm has a 50 day moving average price of $26.64. WhiteHawk Income has a 52 week low of $24.06 and a 52 week high of $29.07. The company has a market cap of $723.33 million and a PE ratio of -105.04. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 9.3%. The ex-dividend date of this dividend was Monday, August 24th. WhiteHawk Income’s dividend payout ratio is presently -176.00%.

Institutional Trading of WhiteHawk Income

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

Wall Street Analysts Forecast Growth

WHK has been the topic of a number of recent analyst reports. Zacks Research raised WhiteHawk Income to a “hold” rating in a report on Tuesday, July 7th. Capital One Financial initiated coverage on shares of WhiteHawk Income in a research report on Monday, July 6th. They issued an “overweight” rating and a $32.00 price target on the stock. JPMorgan Chase & Co. began coverage on WhiteHawk Income in a research note on Monday, July 6th. They issued a “neutral” rating and a $28.00 price target on the stock. Stephens assumed coverage on WhiteHawk Income in a report on Monday, July 6th. They set an “overweight” rating and a $33.00 price objective on the stock. Finally, Weiss Ratings started coverage on shares of WhiteHawk Income in a research note on Monday, August 31st. They set a “sell (e)” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, WhiteHawk Income presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

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.