Carlyle Credit Income Fund (NYSE:CCIF) Sees Significant Growth in Short Interest

Carlyle Credit Income Fund (NYSE:CCIF) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 21,122 shares, a growth of 99.4% from the December 31st total of 10,594 shares. Based on an average daily volume of 111,410 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 111,410 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

Several equities analysts have recently commented on CCIF shares. Credit Suisse Group set a $6.00 price target on Carlyle Credit Income Fund in a research note on Thursday, November 20th. B. Riley reduced their target price on shares of Carlyle Credit Income Fund from $9.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Finally, Zacks Research raised shares of Carlyle Credit Income Fund from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 29th.

Carlyle Credit Income Fund Stock Performance

Shares of Carlyle Credit Income Fund stock opened at $4.53 on Friday. The firm’s 50 day simple moving average is $4.83 and its two-hundred day simple moving average is $5.29. Carlyle Credit Income Fund has a 12-month low of $4.47 and a 12-month high of $7.90.

Carlyle Credit Income Fund (NYSE:CCIF) last announced its quarterly earnings data on Tuesday, November 18th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The firm had revenue of $7.74 million for the quarter, compared to analysts’ expectations of $8.97 million.

Carlyle Credit Income Fund Dividend Announcement

The company 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. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a c) dividend on an annualized basis and a dividend yield of 27.8%.

Institutional Investors Weigh In On Carlyle Credit Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Wedbush Securities Inc. acquired a new position in Carlyle Credit Income Fund in the 2nd quarter worth approximately $69,000. Citadel Advisors LLC acquired a new stake in shares of Carlyle Credit Income Fund in the third quarter worth $89,000. Osaic Holdings Inc. raised its holdings in shares of Carlyle Credit Income Fund by 34.4% during the second quarter. Osaic Holdings Inc. now owns 17,135 shares of the company’s stock worth $111,000 after purchasing an additional 4,388 shares during the last quarter. Icon Advisers Inc. Co. purchased a new position in shares of Carlyle Credit Income Fund during the second quarter worth $124,000. Finally, Melfa Wealth Management Inc. lifted its position in Carlyle Credit Income Fund by 133.1% during the fourth quarter. Melfa Wealth Management Inc. now owns 52,974 shares of the company’s stock valued at $248,000 after purchasing an additional 30,250 shares during the period.

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.