WhiteHawk Income (NYSE:WHK) Rating Lowered to Sell at Wall Street Zen

WhiteHawk Income (NYSE:WHK) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

WHK has been the subject of several other research reports. Raymond James Financial cut their target price on WhiteHawk Income from $37.00 to $35.00 and set a “strong-buy” rating for the company in a research report on Friday, October 2nd. Weiss Ratings started coverage on shares of WhiteHawk Income in a research note on Monday, August 31st. They issued a “sell (e)” rating for the company. JPMorgan Chase & Co. began coverage on shares of WhiteHawk Income in a report on Monday, July 6th. They issued a “neutral” rating and a $28.00 target price on the stock. Stephens initiated coverage on WhiteHawk Income in a research note on Monday, July 6th. They issued an “overweight” rating and a $33.00 price target for the company. Finally, Zacks Research raised shares of WhiteHawk Income to a “hold” rating in a research report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

WhiteHawk Income Stock Up 0.2%

Shares of WhiteHawk Income stock opened at $26.29 on Friday. The stock has a fifty day simple moving average of $26.51. 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 has a 12 month low of $24.06 and a 12 month high of $29.07. The firm has a market capitalization of $724.40 million and a PE ratio of -105.18.

Institutional Inflows and Outflows

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

About WhiteHawk Income

WhiteHawk Income (NYSE:WHK) is a business development company that invests in privately owned, middle-market businesses. The company seeks to generate current income primarily through investments in debt securities, including senior secured loans, second-lien loans, unitranche financing and other forms of private credit.

WhiteHawk Income may also make equity investments in portfolio companies, giving it the potential to participate in their long-term growth. Its investment strategy is focused largely on U.S.