WhiteHawk Income Corp. (NYSE:WHK) Stock Has Consensus Price Target of $32.00

WhiteHawk Income Corp. (NYSE:WHK) has been assigned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $32.00.

A number of analysts have issued reports on the company. Raymond James Financial reduced their price objective on WhiteHawk Income from $37.00 to $35.00 and set a “strong-buy” rating on the stock in a research note on Friday, October 2nd. Wall Street Zen upgraded WhiteHawk Income from a “sell” rating to a “hold” rating in a research report on Saturday, October 3rd. Stephens started coverage on shares of WhiteHawk Income in a report on Monday, July 6th. They issued an “overweight” rating and a $33.00 target price for the company. Stifel Nicolaus began coverage on shares of WhiteHawk Income in a research report on Thursday, September 10th. They issued a “buy” rating and a $32.00 price target on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of WhiteHawk Income in a research report on Monday, July 6th. They issued a “neutral” rating and a $28.00 price target on the stock.

Institutional Trading of WhiteHawk Income

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

WhiteHawk Income Price Performance

Shares of WhiteHawk Income stock opened at $25.48 on Thursday. The company’s 50 day moving average price is $26.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.39 and a quick ratio of 1.39. WhiteHawk Income has a 12 month low of $24.06 and a 12 month high of $29.07.

WhiteHawk Income Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date of this dividend was Monday, August 24th. WhiteHawk Income’s dividend payout ratio (DPR) is presently -176.00%.

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.