Carlyle Credit Income Fund (NYSE:CCIF) Stock Price Down 0.9% – Here’s What Happened

Carlyle Credit Income Fund (NYSE:CCIF)’s share price was down 0.9% during mid-day trading on Wednesday . The stock traded as low as $3.25 and last traded at $3.31. Approximately 275,164 shares changed hands during trading, an increase of 71% from the average daily volume of 160,673 shares. The stock had previously closed at $3.34.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners reaffirmed a “buy” rating on shares of Carlyle Credit Income Fund in a report on Thursday, April 16th.

Carlyle Credit Income Fund Stock Down 0.9%

The company has a fifty day moving average price of $3.28 and a two-hundred day moving average price of $4.24.

Carlyle Credit Income Fund (NYSE:CCIF) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $999.00 earnings per share for the quarter, beating the consensus estimate of $0.17 by $998.83. The firm had revenue of $7.12 million during the quarter, compared to analyst estimates of $7.82 million.

Carlyle Credit Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Monday, May 18th will be issued a $0.06 dividend. This represents a c) annualized dividend and a dividend yield of 21.8%. The ex-dividend date of this dividend is Monday, May 18th.

Insider Buying and Selling at Carlyle Credit Income Fund

In other news, Director Lauren Michelle Basmadjian acquired 16,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was acquired at an average cost of $3.22 per share, with a total value of $51,520.00. Following the completion of the acquisition, the director owned 37,448 shares of the company’s stock, valued at $120,582.56. The trade was a 74.60% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Investors Weigh In On Carlyle Credit Income Fund

Hedge funds have recently modified their holdings of the stock. Virtu Financial LLC acquired a new stake in shares of Carlyle Credit Income Fund during the fourth quarter worth $74,000. XTX Topco Ltd acquired a new stake in shares of Carlyle Credit Income Fund during the fourth quarter worth $83,000. Wedbush Securities Inc. lifted its holdings in shares of Carlyle Credit Income Fund by 38.7% during the third quarter. Wedbush Securities Inc. now owns 14,868 shares of the company’s stock worth $87,000 after purchasing an additional 4,150 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Carlyle Credit Income Fund during the third quarter worth $89,000. Finally, Osaic Holdings Inc. lifted 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 period.

Carlyle Credit Income Fund Company Profile

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.