Eagle Point Income Company Inc. (NYSE:EIC) Short Interest Up 894.7% in April

Eagle Point Income Company Inc. (NYSE:EIC) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 132,300 shares, a growth of 894.7% from the March 31st total of 13,300 shares. Based on an average daily volume of 129,000 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On Eagle Point Income

A number of large investors have recently made changes to their positions in the stock. Principal Securities Inc. purchased a new stake in shares of Eagle Point Income during the fourth quarter valued at $446,000. Graypoint LLC grew its holdings in shares of Eagle Point Income by 3.9% during the fourth quarter. Graypoint LLC now owns 148,915 shares of the company’s stock valued at $2,170,000 after buying an additional 5,541 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of Eagle Point Income during the third quarter valued at $242,000.

Eagle Point Income Stock Down 0.5 %

NYSE EIC opened at $15.38 on Friday. The firm’s fifty day simple moving average is $15.91 and its two-hundred day simple moving average is $15.09. Eagle Point Income has a 12-month low of $13.00 and a 12-month high of $16.75.

Eagle Point Income (NYSE:EIC) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.54 earnings per share (EPS) for the quarter. The firm had revenue of $8.52 million during the quarter.

Eagle Point Income Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, May 31st. Shareholders of record on Monday, May 13th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, May 10th.

Eagle Point Income Company Profile

About Eagle Point Income Company is a non-diversified,closed-end management investment company. The Company’s primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation, by investing primarily in junior debt tranches of CLOs. In addition, the Company may invest up to 20% of its total assets (at the time of investment) in CLO equity securities and related securities and instruments.