Carlyle Credit Income Fund (NYSE:CCIF) Announces Earnings Results

Carlyle Credit Income Fund (NYSE:CCIF) released its quarterly earnings results on Monday. The company reported $999.00 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $998.87, reports.

Carlyle Credit Income Fund Price Performance

NYSE:CCIF opened at $3.21 on Wednesday. Carlyle Credit Income Fund has a fifty-two week low of $3.01 and a fifty-two week high of $6.65. The business has a 50 day moving average price of $3.28 and a 200-day moving average price of $4.12.

Carlyle Credit Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.06 per share. This represents a c) dividend on an annualized basis and a dividend yield of 22.4%. The ex-dividend date of this dividend is Wednesday, August 19th.

Insider Buying and Selling at Carlyle Credit Income Fund

In other news, Director Lauren Michelle Basmadjian bought 16,000 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was bought at an average cost of $3.22 per share, for a total transaction of $51,520.00. Following the completion of the acquisition, the director owned 37,448 shares in the company, valued at approximately $120,582.56. This trade represents a 74.60% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Institutional Trading of Carlyle Credit Income Fund

A number of institutional investors have recently modified their holdings of CCIF. Bulldog Investors LLP raised its position in Carlyle Credit Income Fund by 2.7% during the 4th quarter. Bulldog Investors LLP now owns 337,241 shares of the company’s stock valued at $1,582,000 after purchasing an additional 8,826 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. increased its stake in shares of Carlyle Credit Income Fund by 497.1% during the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 201,113 shares of the company’s stock valued at $943,000 after buying an additional 167,429 shares during the period. Almitas Capital LLC purchased a new position in shares of Carlyle Credit Income Fund during the fourth quarter valued at approximately $738,000. Eagle Point Credit Management LLC purchased a new position in shares of Carlyle Credit Income Fund during the fourth quarter valued at approximately $729,000. Finally, Marex Group plc purchased a new position in shares of Carlyle Credit Income Fund during the fourth quarter valued at approximately $239,000.

Analysts Set New Price Targets

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

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.