WhiteHawk Income (NYSE:WHK) Releases Quarterly Earnings Results, Misses Estimates By $0.12 EPS

WhiteHawk Income (NYSE:WHK) released its earnings results on Thursday. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.12), FiscalAI reports. The company had revenue of $21.47 million for the quarter.

WhiteHawk Income Trading Up 0.6%

NYSE WHK traded up $0.14 on Thursday, hitting $25.59. 100,908 shares of the company’s stock traded hands, compared to its average volume of 190,694. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.18. WhiteHawk Income has a 1-year low of $24.01 and a 1-year high of $29.07. The stock’s 50-day moving average price is $26.14. The firm has a market cap of $705.01 million and a price-to-earnings ratio of -102.38.

Institutional Trading of WhiteHawk Income

A number of hedge funds and other institutional investors have recently made changes to their positions in WHK. Horizon Kinetics Asset Management LLC boosted its holdings in WhiteHawk Income by 18.4% in the third quarter. Horizon Kinetics Asset Management LLC now owns 1,838,626 shares of the company’s stock valued at $45,010,000 after purchasing an additional 285,921 shares during the last quarter. State Street Corp acquired a new stake in WhiteHawk Income during the 3rd quarter worth about $2,594,000. Alpha Wealth Funds LLC acquired a new stake in WhiteHawk Income during the 3rd quarter worth about $249,000. BlueCrest Capital Management Ltd purchased a new position in shares of WhiteHawk Income during the 2nd quarter valued at about $3,756,000. Finally, Citadel Advisors LLC purchased a new position in shares of WhiteHawk Income during the 2nd quarter valued at about $10,215,000.

Analyst Ratings Changes

A number of research analysts have issued reports on WHK shares. Stifel Nicolaus began coverage on shares of WhiteHawk Income in a research note on Thursday, September 10th. They set a “buy” rating and a $32.00 price target on the stock. Zacks Research upgraded shares of WhiteHawk Income from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 3rd. Weiss Ratings began coverage on shares of WhiteHawk Income in a report on Monday, August 31st. They set a “sell (e)” rating on the stock. Raymond James Financial dropped their price objective on shares of WhiteHawk Income from $37.00 to $35.00 and set a “strong-buy” rating on the stock in a report on Friday, October 2nd. Finally, Wall Street Zen raised WhiteHawk Income from a “sell” rating to a “hold” rating in a research report on Sunday. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

About WhiteHawk Income

WhiteHawk Income Corporation is a business development company focused on providing debt financing to middle-market businesses. Its investment strategy centers on privately negotiated loans, including senior secured loans, intended to generate income from its portfolio. The company primarily invests in U.S. businesses and is externally managed by WhiteHawk Capital Partners, an investment manager specializing in middle-market credit. Through its investments, WhiteHawk Income provides companies with access to financing while offering investors exposure to private credit.