WhiteHawk Income Corp. (NYSE:WHK) Announces Quarterly Dividend of $0.50

WhiteHawk Income Corp. (NYSE:WHK) declared a quarterly dividend on Thursday, November 12th. Stockholders of record on Monday, November 23rd will be given a dividend of $0.50 per share on Monday, November 30th. This represents a $2.00 annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend is Monday, November 23rd. This is a 18.0% decrease from WhiteHawk Income’s previous quarterly dividend of $0.61.

WhiteHawk Income Trading Up 0.6%

Shares of WHK opened at $25.59 on Friday. The stock has a market cap of $705.14 million and a price-to-earnings ratio of -102.38. 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 company’s fifty day moving average is $26.14. WhiteHawk Income has a 1-year low of $24.01 and a 1-year high of $29.07.

WhiteHawk Income (NYSE:WHK) last posted its quarterly earnings data on Thursday, November 12th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.12). The firm had revenue of $21.47 million during the quarter. As a group, research analysts forecast that WhiteHawk Income will post 0.97 EPS for the current fiscal year.

Institutional Investors Weigh In On WhiteHawk Income

Hedge funds and other institutional investors have recently made changes to their positions in the company. Horizon Kinetics Asset Management LLC raised its position in shares of WhiteHawk Income by 18.4% in the third quarter. Horizon Kinetics Asset Management LLC now owns 1,838,626 shares of the company’s stock valued at $45,010,000 after buying an additional 285,921 shares during the last quarter. State Street Corp acquired a new stake in WhiteHawk Income in the third quarter valued at approximately $2,594,000. Alpha Wealth Funds LLC purchased a new stake in shares of WhiteHawk Income in the 3rd quarter valued at approximately $249,000. BlueCrest Capital Management Ltd acquired a new stake in shares of WhiteHawk Income in the 2nd quarter valued at $3,756,000. Finally, Citadel Advisors LLC acquired a new stake in shares of WhiteHawk Income in the 2nd quarter valued at $10,215,000.

About WhiteHawk Income

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.