Carlyle Credit Income Fund (NYSE:CCIF) Stock Price Down 0.7%

Carlyle Credit Income Fund (NYSE:CCIF)’s share price fell 0.7% during trading on Thursday . The company traded as low as $8.35 and last traded at $8.37. 100,374 shares changed hands during trading, an increase of 20% from the average session volume of 83,966 shares. The stock had previously closed at $8.43.

Analyst Ratings Changes

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

Carlyle Credit Income Fund Price Performance

The company has a 50 day simple moving average of $8.36 and a 200-day simple moving average of $8.18.

Carlyle Credit Income Fund (NYSE:CCIF) last released its quarterly earnings data on Wednesday, August 21st. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). The business had revenue of $7.38 million for the quarter, compared to analyst estimates of $7.51 million.

Carlyle Credit Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be issued a $0.105 dividend. This represents a $1.26 annualized dividend and a yield of 15.05%. The ex-dividend date is Monday, November 18th.

Institutional Investors Weigh In On Carlyle Credit Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. grew its position in shares of Carlyle Credit Income Fund by 31.1% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 444,548 shares of the company’s stock valued at $3,636,000 after purchasing an additional 105,570 shares in the last quarter. Access Financial Services Inc. grew its holdings in Carlyle Credit Income Fund by 15.5% during the 2nd quarter. Access Financial Services Inc. now owns 81,130 shares of the company’s stock valued at $664,000 after buying an additional 10,860 shares in the last quarter. Cetera Advisors LLC bought a new stake in shares of Carlyle Credit Income Fund during the first quarter valued at about $79,000. Choreo LLC purchased a new stake in shares of Carlyle Credit Income Fund in the first quarter worth about $83,000. Finally, SageView Advisory Group LLC bought a new position in shares of Carlyle Credit Income Fund in the fourth quarter valued at approximately $96,000.

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.