Readystate Asset Management LP Acquires New Holdings in WhiteHawk Income Corp. $WHK

Readystate Asset Management LP bought a new position in shares of WhiteHawk Income Corp. (NYSE:WHK) during the second quarter, Holdings Channel reports. The fund bought 25,000 shares of the company’s stock, valued at approximately $696,000.

Separately, Alyeska Investment Group L.P. bought a new position in WhiteHawk Income in the 2nd quarter valued at $6,955,000.

WhiteHawk Income Stock Up 0.2%

NYSE WHK opened at $27.89 on Tuesday. WhiteHawk Income Corp. has a 52-week low of $25.34 and a 52-week high of $28.60. The stock’s fifty day moving average is $26.55.

WhiteHawk Income Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were given 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 yield of 8.7%.

Wall Street Analysts Forecast Growth

WHK has been the topic of several research analyst reports. Weiss Ratings assumed coverage on shares of WhiteHawk Income in a report on Monday, August 31st. They issued a “sell (e)” rating on the stock. Stephens started coverage on WhiteHawk Income in a research report on Monday, July 6th. They set an “overweight” rating and a $33.00 target price for the company. Raymond James Financial upped their target price on WhiteHawk Income from $34.00 to $37.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, September 2nd. Stifel Nicolaus assumed coverage on WhiteHawk Income in a report on Monday, July 6th. They issued a “buy” rating and a $30.00 price target on the stock. Finally, Wall Street Zen lowered WhiteHawk Income from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

WhiteHawk Income Company Profile

WhiteHawk is focused on being the premier natural gas mineral and royalty business in the United States. We are committed to delivering cash flow and total returns to our investors through the disciplined acquisition, active management and ownership of high-quality mineral and royalty interests. Our assets are concentrated in the Marcellus and Haynesville Shales, which are located in the Appalachian and Haynesville Basins, which are among the most productive and lowest-cost U.S. natural gas basins(1).