Carlyle Credit Income Fund (NYSE:CCIF) Stock Price Up 1%

Shares of Carlyle Credit Income Fund (NYSE:CCIF) traded up 1% during mid-day trading on Thursday . The stock traded as high as $8.38 and last traded at $8.32. 27,369 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 72,848 shares. The stock had previously closed at $8.24.

Wall Street Analyst Weigh In

Separately, B. Riley assumed coverage on Carlyle Credit Income Fund in a report on Tuesday, June 4th. They issued a “buy” rating and a $9.00 target price for the company.

Carlyle Credit Income Fund Stock Down 1.7 %

The firm has a fifty day moving average price of $8.15 and a 200-day moving average price of $8.01.

Carlyle Credit Income Fund (NYSE:CCIF) last released its earnings results on Wednesday, May 29th. The company reported $0.33 earnings per share (EPS) for the quarter. The business had revenue of $7.30 million during the quarter.

Carlyle Credit Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Tuesday, August 20th will be issued a dividend of $0.105 per share. This represents a $1.26 annualized dividend and a yield of 15.40%. The ex-dividend date of this dividend is Tuesday, August 20th.

Insider Buying and Selling at Carlyle Credit Income Fund

In other news, Director Joan Y. Mccabe acquired 5,950 shares of Carlyle Credit Income Fund stock in a transaction on Friday, June 21st. The stock was acquired at an average cost of $8.40 per share, with a total value of $49,980.00. Following the completion of the acquisition, the director now owns 12,279 shares in the company, valued at $103,143.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Hedge Funds Weigh In On Carlyle Credit Income Fund

Large investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. raised its position in shares of Carlyle Credit Income Fund by 104.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 338,978 shares of the company’s stock worth $2,668,000 after buying an additional 173,163 shares in the last quarter. Bulldog Investors LLP purchased a new stake in shares of Carlyle Credit Income Fund in the fourth quarter worth $1,279,000. Relative Value Partners Group LLC purchased a new stake in shares of Carlyle Credit Income Fund in the fourth quarter worth $1,118,000. Centaurus Financial Inc. purchased a new stake in shares of Carlyle Credit Income Fund in the fourth quarter worth $181,000. Finally, SageView Advisory Group LLC purchased a new stake in shares of Carlyle Credit Income Fund in the fourth quarter worth $96,000.

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.