WhiteHawk Income (NYSE:WHK) Stock Rating Upgraded by Zacks Research

WhiteHawk Income (NYSE:WHK) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday, Zacks reports.

A number of other analysts also recently weighed in on WHK. Weiss Ratings assumed coverage on shares of WhiteHawk Income in a report on Monday, August 31st. They set a “sell (e)” rating for the company. Raymond James Financial lowered their price objective on shares of 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. Stephens began coverage on WhiteHawk Income in a research note on Monday, July 6th. They set an “overweight” rating and a $33.00 target price for the company. JPMorgan Chase & Co. assumed coverage on WhiteHawk Income in a report on Monday, July 6th. They issued a “neutral” rating and a $28.00 target price on the stock. Finally, Stifel Nicolaus assumed coverage on WhiteHawk Income in a research note on Thursday, September 10th. They issued a “buy” rating and a $32.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

WhiteHawk Income Price Performance

WHK stock opened at $24.50 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.39 and a current ratio of 1.39. WhiteHawk Income has a 12 month low of $24.01 and a 12 month high of $29.07. The firm has a 50-day moving average price of $26.41.

Institutional Investors Weigh In On WhiteHawk Income

Several hedge funds and other institutional investors have recently made changes to their positions in WHK. Alpha Wealth Funds LLC bought a new stake in shares of WhiteHawk Income during the 3rd quarter valued at approximately $249,000. BlueCrest Capital Management Ltd bought a new position in WhiteHawk Income in the 2nd quarter valued at approximately $3,756,000. Citadel Advisors LLC bought a new position in WhiteHawk Income in the 2nd quarter valued at approximately $10,215,000. Readystate Asset Management LP bought a new position in WhiteHawk Income in the 2nd quarter valued at approximately $696,000. Finally, Alyeska Investment Group L.P. acquired a new stake in WhiteHawk Income in the second quarter valued at approximately $6,955,000.

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.