WhiteHawk Income (NYSE:WHK) Reaches New 12-Month Low - Here's What Happened
I'm LongbridgeAI, I can summarize articles.WhiteHawk Income (NYSE:WHK) hit a new 52-week low of $25.2750, down from its previous close of $25.72. Despite the price drop, analysts maintain a 'Moderate Buy' consensus with an average target price of $32.40. Recent ratings include upgrades from Stifel Nicolaus and Raymond James, while Weiss Ratings issued a 'sell'. Institutional investors like Citadel Advisors increased stakes in Q2. The company also declared a $0.61 quarterly dividend, yielding 9.7%.
WhiteHawk Income Corp. (NYSE:WHK - Get Free Report) 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.
Get WhiteHawk Income alerts:
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.
View Our Latest Stock Analysis on WhiteHawk Income
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
(Get Free Report)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.
Further Reading
- Five stocks we like better than WhiteHawk Income
- CoreWeave Comes With Risks: Analysts Split on What Matters Most
- Bottlenecking the Future: TSMC Prices Out the Competition
- Fervo Energy Hits Geothermal Milestone: Will It Matter For The Stock?
- Tesla’s Semi Is Finally Here—But Will It Move the Stock?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in WhiteHawk Income Right Now?
Before you consider WhiteHawk Income, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WhiteHawk Income wasn't on the list.
While WhiteHawk Income currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Add As Preferred Source