Eagle Point Income (NYSE:EIC) Upgraded at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH upgraded shares of Eagle Point Income (NYSE:EIC) to a strong-buy rating in a research note published on Thursday morning,Zacks.com reports.

Separately, B. Riley upgraded shares of Eagle Point Income to a “strong-buy” rating in a report on Tuesday, January 7th.

Eagle Point Income Stock Performance

Eagle Point Income stock opened at $15.71 on Thursday. The stock’s fifty day moving average is $15.70 and its two-hundred day moving average is $15.79. Eagle Point Income has a 1-year low of $14.78 and a 1-year high of $16.75.

Eagle Point Income Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 14th will be issued a dividend of $0.20 per share. This represents a yield of 15.17%. The ex-dividend date of this dividend is Monday, January 13th.

Institutional Trading of Eagle Point Income

A number of institutional investors have recently bought and sold shares of the company. Webster Bank N. A. purchased a new stake in shares of Eagle Point Income in the 3rd quarter worth about $44,000. Graypoint LLC grew its holdings in Eagle Point Income by 4.0% during the 3rd quarter. Graypoint LLC now owns 165,323 shares of the company’s stock valued at $2,665,000 after buying an additional 6,325 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in Eagle Point Income during the third quarter worth $216,000.

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.