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

WhiteHawk Income Corp. (NYSE:WHK) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $32.00.

A number of brokerages recently weighed in on WHK. Stifel Nicolaus started coverage on WhiteHawk Income in a research note on Thursday, September 10th. They issued a “buy” rating and a $32.00 price target on the stock. Zacks Research upgraded WhiteHawk Income to a “hold” rating in a report on Tuesday, July 7th. Stephens initiated coverage on shares of WhiteHawk Income in a research note on Monday, July 6th. They set an “overweight” rating and a $33.00 price objective for the company. Raymond James Financial reduced their price objective 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, JPMorgan Chase & Co. started coverage on shares of WhiteHawk Income in a report on Monday, July 6th. They issued a “neutral” rating and a $28.00 target price for the company.

WhiteHawk Income Trading Down 0.8%

NYSE:WHK opened at $24.91 on Thursday. WhiteHawk Income has a twelve month low of $24.06 and a twelve month high of $29.07. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.39 and a current ratio of 1.39. The firm’s 50-day simple moving average is $26.58. The company has a market cap of $686.26 million and a price-to-earnings ratio of -99.66.

WhiteHawk Income Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were issued a dividend of $0.61 per share. The ex-dividend date was Monday, August 24th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 9.8%. WhiteHawk Income’s payout ratio is currently -176.00%.

Institutional Investors Weigh In On WhiteHawk Income

Several hedge funds have recently made changes to their positions in the company. Readystate Asset Management LP purchased a new position in WhiteHawk Income during the 2nd quarter worth approximately $696,000. BlueCrest Capital Management Ltd acquired a new stake in WhiteHawk Income during the 2nd quarter valued at $3,756,000. Alyeska Investment Group L.P. purchased a new stake in shares of WhiteHawk Income in the second quarter valued at $6,955,000. Finally, Citadel Advisors LLC purchased a new stake in shares of WhiteHawk Income in the second quarter valued at $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.