Carlyle Credit Income Fund (NYSE:CCIF) Raised to “Hold” at Zacks Research

Carlyle Credit Income Fund (NYSE:CCIF) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Thursday, Zacks reports.

Separately, Credit Suisse Group set a $3.50 price objective on shares of Carlyle Credit Income Fund in a research note on Friday, August 21st.

Carlyle Credit Income Fund Price Performance

NYSE:CCIF traded up $0.07 during midday trading on Thursday, hitting $1.69. 181,061 shares of the company were exchanged, compared to its average volume of 141,918. Carlyle Credit Income Fund has a fifty-two week low of $1.52 and a fifty-two week high of $5.33. The company has a fifty day simple moving average of $2.17 and a 200 day simple moving average of $2.91.

Carlyle Credit Income Fund (NYSE:CCIF) last issued its quarterly earnings data on Wednesday, August 19th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.03). The business had revenue of $4.31 million for the quarter, compared to the consensus estimate of $5.39 million.

Institutional Trading of Carlyle Credit Income Fund

Several large investors have recently bought and sold shares of CCIF. Private Advisor Group LLC acquired a new stake in Carlyle Credit Income Fund in the third quarter valued at $25,000. Tactive Advisors LLC acquired a new position in Carlyle Credit Income Fund during the 3rd quarter worth $28,000. StoneX Group Inc. acquired a new position in Carlyle Credit Income Fund during the 3rd quarter worth $29,000. Two Sigma Securities LLC bought a new stake in shares of Carlyle Credit Income Fund in the 2nd quarter worth about $29,000. Finally, Advisory Solutions Group LLC bought a new stake in shares of Carlyle Credit Income Fund in the 2nd quarter worth about $113,000.

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.