Carlyle Credit Income Fund (NYSE:CCIF) Issues Quarterly Earnings Results

Carlyle Credit Income Fund (NYSE:CCIF) announced its quarterly earnings data on Tuesday. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06), Zacks reports.

Carlyle Credit Income Fund Stock Down 2.2%

Carlyle Credit Income Fund stock opened at $4.79 on Wednesday. Carlyle Credit Income Fund has a 12-month low of $4.76 and a 12-month high of $8.31. The stock has a 50-day simple moving average of $5.43 and a 200 day simple moving average of $5.89.

Carlyle Credit Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be paid a $0.105 dividend. The ex-dividend date is Tuesday, February 17th. This represents a c) dividend on an annualized basis and a dividend yield of 26.3%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CCIF shares. Zacks Research upgraded Carlyle Credit Income Fund from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 29th. Alliance Global Partners started coverage on shares of Carlyle Credit Income Fund in a research note on Thursday, October 2nd. They issued a “buy” rating for the company. Finally, Industrial Alliance Securities set a $6.50 target price on shares of Carlyle Credit Income Fund in a research report on Thursday, October 2nd.

Institutional Trading of Carlyle Credit Income Fund

Hedge funds have recently modified their holdings of the stock. Arlington Capital Management Inc. bought a new position in Carlyle Credit Income Fund in the 3rd quarter valued at $278,000. Citadel Advisors LLC bought a new position in Carlyle Credit Income Fund in the third quarter valued at about $89,000. Finally, Osaic Holdings Inc. increased its position in Carlyle Credit Income Fund by 34.4% in the second quarter. Osaic Holdings Inc. now owns 17,135 shares of the company’s stock worth $111,000 after purchasing an additional 4,388 shares during the period.

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.