Carlyle Credit Income Fund (NYSE:CCIF) Trading Down 1% – Should You Sell?

Carlyle Credit Income Fund (NYSE:CCIF)’s stock price fell 1% during trading on Monday . The company traded as low as $7.89 and last traded at $7.92. 165,543 shares were traded during trading, an increase of 72% from the average session volume of 96,040 shares. The stock had previously closed at $8.00.

Analysts Set New Price Targets

Separately, Oppenheimer initiated coverage on Carlyle Credit Income Fund in a report on Monday, December 9th. They issued a “market perform” rating and a $8.00 target price for the company.

Carlyle Credit Income Fund Trading Down 1.0 %

The business’s fifty day moving average is $8.16 and its 200 day moving average is $8.28.

Carlyle Credit Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.105 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.26 annualized dividend and a dividend yield of 15.91%.

Insider Activity

In other Carlyle Credit Income Fund news, Director Joan Y. Mccabe bought 18,079 shares of Carlyle Credit Income Fund stock in a transaction dated Wednesday, December 18th. The stock was bought at an average price of $8.02 per share, with a total value of $144,993.58. Following the completion of the transaction, the director now owns 30,358 shares in the company, valued at $243,471.16. The trade was a 147.24 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Institutional Trading of Carlyle Credit Income Fund

A hedge fund recently raised its stake in Carlyle Credit Income Fund stock. HighTower Advisors LLC increased its holdings in shares of Carlyle Credit Income Fund (NYSE:CCIF) by 65.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,598 shares of the company’s stock after purchasing an additional 11,682 shares during the period. HighTower Advisors LLC’s holdings in Carlyle Credit Income Fund were worth $244,000 at the end of the most recent quarter.

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.