Eagle Point Income Company Inc. (NYSE:EIC) Sees Significant Decrease in Short Interest

Eagle Point Income Company Inc. (NYSE:EIC) saw a large decline in short interest in July. As of July 15th, there was short interest totalling 8,900 shares, a decline of 55.7% from the June 30th total of 20,100 shares. Based on an average trading volume of 125,400 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Eagle Point Income

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Graypoint LLC increased its position in Eagle Point Income by 2.7% in the 1st quarter. Graypoint LLC now owns 152,963 shares of the company’s stock worth $2,547,000 after buying an additional 4,048 shares during the period. Principal Securities Inc. bought a new position in Eagle Point Income in the 4th quarter worth approximately $446,000. Finally, Virtu Financial LLC bought a new stake in shares of Eagle Point Income during the first quarter valued at approximately $253,000.

Eagle Point Income Stock Down 0.1 %

Shares of Eagle Point Income stock traded down $0.01 during trading on Friday, hitting $15.93. 138,906 shares of the stock traded hands, compared to its average volume of 126,832. Eagle Point Income has a twelve month low of $13.27 and a twelve month high of $16.75. The company has a fifty day moving average price of $15.97 and a two-hundred day moving average price of $15.83.

Eagle Point Income (NYSE:EIC) last announced its quarterly earnings results on Tuesday, May 21st. The company reported $0.56 earnings per share (EPS) for the quarter. The firm had revenue of $9.13 million for the quarter.

Eagle Point Income Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, August 30th. Investors of record on Monday, August 12th will be issued a $0.20 dividend. The ex-dividend date is Monday, August 12th.

About Eagle Point Income

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.