Zacks Research Upgrades WhiteHawk Income (NYSE:WHK) to “Strong-Buy”

WhiteHawk Income (NYSE:WHK) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday, Zacks reports.

A number of other research firms have also commented on WHK. Capital One Financial assumed coverage on WhiteHawk Income in a research note on Monday, July 6th. They set an “overweight” rating and a $32.00 price objective on the stock. Weiss Ratings initiated coverage on WhiteHawk Income in a research report on Monday, August 31st. They set a “sell (e)” rating for the company. Raymond James Financial reduced their target price on WhiteHawk Income from $37.00 to $35.00 and set a “strong-buy” rating on the stock in a report on Friday, October 2nd. Stifel Nicolaus started coverage on WhiteHawk Income in a report on Thursday, September 10th. They set a “buy” rating and a $32.00 target price on the stock. Finally, Wall Street Zen cut WhiteHawk Income from a “hold” rating to a “sell” rating in a research report on Saturday, October 31st. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $32.00.

WhiteHawk Income Trading Down 2.2%

NYSE WHK opened at $24.50 on Tuesday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $674.84 million and a P/E ratio of -97.98. The company has a 50 day simple moving average of $26.41. WhiteHawk Income has a 1-year low of $24.01 and a 1-year high of $29.07.

Institutional Trading of WhiteHawk Income

Several large investors have recently made changes to their positions in WHK. Citadel Advisors LLC bought a new position in WhiteHawk Income in the second quarter valued at approximately $10,215,000. Alyeska Investment Group L.P. acquired a new position in WhiteHawk Income during the second quarter valued at approximately $6,955,000. BlueCrest Capital Management Ltd bought a new stake in WhiteHawk Income during the second quarter worth $3,756,000. Readystate Asset Management LP bought a new stake in WhiteHawk Income during the second quarter worth $696,000. Finally, Alpha Wealth Funds LLC bought a new stake in WhiteHawk Income during the third quarter worth $249,000.

WhiteHawk Income Company Profile

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.