Short Interest in WhiteHawk Income Corp. (NYSE:WHK) Declines By 36.4%

WhiteHawk Income Corp. (NYSE:WHK) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 147,162 shares, a decline of 36.4% from the August 15th total of 231,420 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average trading volume of 119,708 shares, the days-to-cover ratio is currently 1.2 days.

Wall Street Analyst Weigh In

WHK has been the subject of several research analyst reports. JPMorgan Chase & Co. began coverage on WhiteHawk Income in a research report on Monday, July 6th. They set a “neutral” rating and a $28.00 target price for the company. Zacks Research upgraded shares of WhiteHawk Income to a “hold” rating in a research report on Tuesday, July 7th. Stifel Nicolaus initiated coverage on shares of WhiteHawk Income in a report on Thursday, September 10th. They set a “buy” rating and a $32.00 price objective for the company. Raymond James Financial boosted their target price on shares of WhiteHawk Income from $34.00 to $37.00 and gave the company a “strong-buy” rating in a research note on Wednesday, September 2nd. Finally, Stephens initiated coverage on shares of WhiteHawk Income in a research report on Monday, July 6th. They set an “overweight” rating and a $33.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, WhiteHawk Income presently has an average rating of “Moderate Buy” and a consensus target price of $32.40.

WhiteHawk Income Stock Performance

NYSE WHK opened at $26.38 on Friday. WhiteHawk Income has a 12 month low of $25.34 and a 12 month high of $29.07. The business has a fifty day moving average of $26.71.

WhiteHawk Income Announces Dividend

The company also recently disclosed 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 9.2%.

Hedge Funds Weigh In On WhiteHawk Income

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

WhiteHawk Income Company Profile

WhiteHawk Income Corporation (NYSE: WHK) is a closed-end investment company focused on generating current income through investments in privately held, middle-market businesses. The company primarily invests in debt securities, including senior secured loans and other credit instruments.

Its investment portfolio is generally designed to provide financing to companies across a range of industries, with an emphasis on loans that may offer contractual interest payments and security interests in the borrowers’ assets.