Susquehanna International Group LLP bought a new stake in Eagle Point Income Company Inc. (NYSE:EIC – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 62,599 shares of the company’s stock, valued at approximately $630,000.
Other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings in Eagle Point Income by 63.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,735 shares of the company’s stock worth $31,000 after acquiring an additional 1,064 shares during the last quarter. TCTC Holdings LLC raised its stake in shares of Eagle Point Income by 38.5% in the fourth quarter. TCTC Holdings LLC now owns 3,600 shares of the company’s stock worth $41,000 after acquiring an additional 1,000 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Eagle Point Income during the third quarter worth approximately $89,000. Evolve Private Wealth LLC acquired a new position in shares of Eagle Point Income during the fourth quarter worth approximately $122,000. Finally, Astoria Portfolio Advisors LLC. grew its stake in shares of Eagle Point Income by 9.0% during the first quarter. Astoria Portfolio Advisors LLC. now owns 13,182 shares of the company’s stock valued at $132,000 after purchasing an additional 1,090 shares during the last quarter.
Eagle Point Income Stock Performance
Shares of NYSE EIC opened at $9.98 on Tuesday. The company’s 50 day simple moving average is $10.05 and its 200 day simple moving average is $10.04. Eagle Point Income Company Inc. has a fifty-two week low of $9.17 and a fifty-two week high of $13.92.
Eagle Point Income Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Friday, December 11th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a c) dividend on an annualized basis and a dividend yield of 13.2%.
Analyst Ratings Changes
Separately, Zacks Research upgraded shares of Eagle Point Income from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $11.25.
Check Out Our Latest Analysis on Eagle Point Income
About Eagle Point Income
Eagle Point Income Company (NYSE: EIC) is a closed-end management investment company that primarily invests in the equity and junior debt tranches of collateralized loan obligations (CLOs). Launched in 2019 and domiciled in Maryland, the company seeks to provide shareholders with high current income and the potential for capital appreciation by focusing on structured credit opportunities. Eagle Point Income maintains a diversified portfolio of CLO equity positions, targeting both seasoned and newly issued transactions across multiple risk profiles.
The company’s investment strategy centers on identifying mispriced or underfollowed CLO tranches, where it believes its team’s deep industry expertise can add value.
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