Carlyle Credit Income Fund (NYSE:CCIF) Trading 0.2% Higher – What’s Next?
by Mitch Edgeman · The Markets DailyCarlyle Credit Income Fund (NYSE:CCIF – Get Free Report)’s share price was up 0.2% during trading on Thursday . The stock traded as high as $4.72 and last traded at $4.70. Approximately 100,097 shares changed hands during trading, an increase of 4% from the average daily volume of 96,259 shares. The stock had previously closed at $4.69.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. Industrial Alliance Securities set a $6.50 price target on Carlyle Credit Income Fund in a research report on Thursday, October 2nd. Alliance Global Partners initiated coverage on Carlyle Credit Income Fund in a research note on Thursday, October 2nd. They issued a “buy” rating on the stock. Credit Suisse Group set a $6.00 target price on Carlyle Credit Income Fund in a report on Thursday, November 20th. B. Riley decreased their target price on Carlyle Credit Income Fund from $9.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Finally, Zacks Research raised Carlyle Credit Income Fund from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 29th.
Check Out Our Latest Stock Analysis on CCIF
Carlyle Credit Income Fund Stock Down 0.3%
The company has a fifty day moving average price of $4.93 and a two-hundred day moving average price of $5.47.
Carlyle Credit Income Fund (NYSE:CCIF – Get Free Report) last issued its quarterly earnings results on Tuesday, November 18th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.06). The company had revenue of $7.74 million during the quarter, compared to analysts’ expectations of $8.97 million.
Carlyle Credit Income Fund Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be issued a $0.105 dividend. This represents a c) annualized dividend and a dividend yield of 26.8%. The ex-dividend date of this dividend is Tuesday, February 17th.
Hedge Funds Weigh In On Carlyle Credit Income Fund
A number of institutional investors have recently added to or reduced their stakes in CCIF. Wedbush Securities Inc. acquired a new stake in Carlyle Credit Income Fund in the second quarter valued at $69,000. Citadel Advisors LLC bought a new stake in shares of Carlyle Credit Income Fund in the 3rd quarter valued at about $89,000. Osaic Holdings Inc. raised its holdings in shares of Carlyle Credit Income Fund by 34.4% in the 2nd quarter. Osaic Holdings Inc. now owns 17,135 shares of the company’s stock valued at $111,000 after purchasing an additional 4,388 shares during the period. Icon Advisers Inc. Co. acquired a new stake in Carlyle Credit Income Fund in the 2nd quarter valued at about $124,000. Finally, Arlington Capital Management Inc. bought a new position in Carlyle Credit Income Fund during the third quarter worth about $278,000.
About Carlyle Credit Income Fund
Carlyle Credit Income Fund is a close ended fixed income mutual fund launched and managed by Vertical Capital Asset Management, LLC. The fund is co – managed by Behringer Advisors, LLC. The Fund invests mainly in fixed-income securities. The fund invests in stocks of companies operating across diversified sectors. It seeks to benchmark the performance of its portfolio against the Barclays Capital U.S. Mortgage Backed Securities Index. Carlyle Credit Income Fund was formed on December 30, 2011 and is domiciled in the United States.