WhiteHawk Income (NYSE:WHK) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of WhiteHawk Income (NYSE:WHK) from a hold rating to a sell rating in a research report report published on Saturday morning,Wall Street Zen reports.

A number of other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of WhiteHawk Income in a research note on Monday, July 6th. They issued a “neutral” rating and a $28.00 target price for the company. Weiss Ratings initiated coverage on WhiteHawk Income in a report on Monday, August 31st. They issued a “sell (e)” rating on the stock. Stifel Nicolaus started coverage on WhiteHawk Income in a report on Thursday, September 10th. They issued a “buy” rating and a $32.00 price target on the stock. Raymond James Financial reduced their price objective on WhiteHawk Income from $37.00 to $35.00 and set a “strong-buy” rating for the company in a research report on Friday, October 2nd. Finally, Stephens initiated coverage on WhiteHawk Income in a research report on Monday, July 6th. They issued an “overweight” rating and a $33.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.00.

WhiteHawk Income Trading Down 4.1%

WhiteHawk Income stock opened at $25.17 on Friday. WhiteHawk Income has a twelve month low of $24.06 and a twelve month high of $29.07. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average of $26.47.

WhiteHawk Income Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were given a $0.61 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $2.44 dividend on an annualized basis and a yield of 9.7%. WhiteHawk Income’s dividend payout ratio (DPR) is -176.00%.

Institutional Investors Weigh In On WhiteHawk Income

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