WhiteHawk Income (NYSE:WHK) Shares Gap Down – What’s Next?

Shares of WhiteHawk Income Corp. (NYSE:WHK) gapped down prior to trading on Thursday . The stock had previously closed at $28.66, but opened at $27.19. WhiteHawk Income shares last traded at $27.4050, with a volume of 2,882 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on WHK shares. Raymond James Financial upped their price target on WhiteHawk Income from $34.00 to $37.00 and gave the stock a “strong-buy” rating in a report on Wednesday, September 2nd. Weiss Ratings started coverage on shares of WhiteHawk Income in a report on Monday, August 31st. They set a “sell (e)” rating for the company. JPMorgan Chase & Co. assumed coverage on shares of WhiteHawk Income in a research note on Monday, July 6th. They set a “neutral” rating and a $28.00 price target on the stock. Zacks Research upgraded WhiteHawk Income to a “hold” rating in a research note on Tuesday, July 7th. Finally, Capital One Financial started coverage on WhiteHawk Income in a research report on Monday, July 6th. They set an “overweight” rating and a $32.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, WhiteHawk Income presently has an average rating of “Moderate Buy” and an average price target of $32.40.

WhiteHawk Income Trading Up 0.7%

The firm has a 50-day moving average price of $26.66.

WhiteHawk Income Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were paid a dividend of $0.61 per share. The ex-dividend date was Monday, August 24th. This represents a $2.44 annualized dividend and a yield of 8.9%.

Institutional Trading of WhiteHawk Income

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlueCrest Capital Management Ltd acquired a new stake in shares of WhiteHawk Income during the second quarter worth $3,756,000. Citadel Advisors LLC acquired a new position in shares of WhiteHawk Income in the 2nd quarter valued at about $10,215,000. Readystate Asset Management LP bought a new stake in shares of WhiteHawk Income during the 2nd quarter valued at about $696,000. Finally, Alyeska Investment Group L.P. bought a new stake in shares of WhiteHawk Income during the 2nd quarter valued at about $6,955,000.

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.