WhiteHawk Income (NYSE:WHK) Reaches New 12-Month Low – Here’s What Happened

WhiteHawk Income Corp. (NYSE:WHK) reached a new 52-week low on Tuesday. The stock traded as low as $25.29 and last traded at $25.2750, with a volume of 88399 shares traded. The stock had previously closed at $25.72.

Analyst Upgrades and Downgrades

A number of analysts recently commented on WHK shares. Zacks Research raised WhiteHawk Income to a “hold” rating in a research note on Tuesday, July 7th. Weiss Ratings assumed coverage on shares of WhiteHawk Income in a research note on Monday, August 31st. They issued a “sell (e)” rating for the company. Stifel Nicolaus assumed coverage on WhiteHawk Income in a research report on Thursday, September 10th. They set a “buy” rating and a $32.00 price objective on the stock. Raymond James Financial raised their target price on 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, Wall Street Zen cut WhiteHawk Income from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, WhiteHawk Income has a consensus rating of “Moderate Buy” and an average target price of $32.40.

WhiteHawk Income Trading Down 1.9%

The stock has a 50 day moving average price of $26.74.

WhiteHawk Income Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were paid a $0.61 dividend. The ex-dividend date was Monday, August 24th. This represents a $2.44 annualized dividend and a dividend yield of 9.7%.

Institutional Inflows and Outflows

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

About WhiteHawk Income

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.