WhiteHawk Income (NYSE:WHK) Releases Earnings Results, Misses Estimates By $0.12 EPS

WhiteHawk Income (NYSE:WHK) announced its earnings results on Thursday. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12), FiscalAI reports. The firm had revenue of $21.47 million during the quarter.

WhiteHawk Income Price Performance

WhiteHawk Income stock traded down $0.24 during mid-day trading on Friday, hitting $25.37. The company’s stock had a trading volume of 50,442 shares, compared to its average volume of 189,363. 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 stock has a market cap of $698.94 million and a PE ratio of -101.48. The business has a 50 day moving average of $26.14. WhiteHawk Income has a 12 month low of $24.01 and a 12 month high of $29.07.

WhiteHawk Income Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 23rd will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 7.9%. The ex-dividend date is Monday, November 23rd. This is a drop from WhiteHawk Income’s previous quarterly dividend of $0.61. WhiteHawk Income’s dividend payout ratio is -176.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Horizon Kinetics Asset Management LLC boosted its holdings in WhiteHawk Income by 18.4% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 1,838,626 shares of the company’s stock valued at $45,010,000 after acquiring an additional 285,921 shares during the period. Citadel Advisors LLC bought a new stake in WhiteHawk Income in the second quarter valued at approximately $10,215,000. Alyeska Investment Group L.P. bought a new stake in WhiteHawk Income in the second quarter valued at approximately $6,955,000. BlueCrest Capital Management Ltd purchased a new stake in shares of WhiteHawk Income during the second quarter valued at approximately $3,756,000. Finally, State Street Corp purchased a new stake in shares of WhiteHawk Income during the third quarter valued at approximately $2,594,000.

Analyst Ratings Changes

A number of equities analysts recently weighed in on WHK shares. Stifel Nicolaus began coverage on shares of WhiteHawk Income in a report on Thursday, September 10th. They issued a “buy” rating and a $32.00 price target on the stock. Zacks Research upgraded shares of WhiteHawk Income from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 3rd. Wall Street Zen raised shares of WhiteHawk Income from a “sell” rating to a “hold” rating in a research report on Sunday, November 8th. Raymond James Financial decreased their price target on shares of WhiteHawk Income from $37.00 to $35.00 and set a “strong-buy” rating for the company in a research note on Friday, October 2nd. Finally, Weiss Ratings started coverage on shares of WhiteHawk Income in a research note on Monday, August 31st. They set a “sell (e)” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $32.00.

WhiteHawk Income Company Profile

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.