WhiteHawk Income (NYSE:WHK) Stock Rating Upgraded by Zacks Research

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

Other equities research analysts have also recently issued research reports about the company. Stifel Nicolaus began coverage on WhiteHawk Income in a research note on Thursday, September 10th. They set a “buy” rating and a $32.00 price objective on the stock. Capital One Financial started coverage on shares of WhiteHawk Income in a research note on Monday, July 6th. They issued an “overweight” rating and a $32.00 target price for the company. Wall Street Zen downgraded shares of WhiteHawk Income from a “hold” rating to a “sell” rating in a report on Saturday, October 31st. Raymond James Financial lowered their target price on shares of WhiteHawk Income from $37.00 to $35.00 and set a “strong-buy” rating on the stock in a report on Friday, October 2nd. Finally, Stephens began coverage on shares of WhiteHawk Income in a research report on Monday, July 6th. They set an “overweight” rating and a $33.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $32.00.

WhiteHawk Income Price Performance

Shares of NYSE WHK opened at $24.50 on Tuesday. The company’s 50 day moving average is $26.41. WhiteHawk Income has a 52 week low of $24.01 and a 52 week high of $29.07. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.18.

Institutional Investors Weigh In On WhiteHawk Income

Large investors have recently added to or reduced their stakes in the business. Alpha Wealth Funds LLC bought a new stake in shares of WhiteHawk Income during the 3rd quarter worth about $249,000. Readystate Asset Management LP acquired a new position in shares of WhiteHawk Income during the 2nd quarter worth approximately $696,000. BlueCrest Capital Management Ltd acquired a new position in shares of WhiteHawk Income during the 2nd quarter worth approximately $3,756,000. Alyeska Investment Group L.P. bought a new position in shares of WhiteHawk Income during the second quarter worth approximately $6,955,000. Finally, Citadel Advisors LLC acquired a new stake in shares of WhiteHawk Income in the second quarter valued at approximately $10,215,000.

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.