Carlyle Credit Income Fund (CCIF) to Release Quarterly Earnings on Wednesday

Carlyle Credit Income Fund (NYSE:CCIF) is projected to release its earnings data after the market closes on Wednesday, February 26th. Analysts expect Carlyle Credit Income Fund to post earnings of $0.30 per share and revenue of $8.22 million for the quarter.

Carlyle Credit Income Fund (NYSE:CCIF) last released its earnings results on Wednesday, November 20th. The company reported $0.30 earnings per share for the quarter. During the same period last year, the company earned ($0.14) earnings per share.

Carlyle Credit Income Fund Trading Down 2.0 %

Shares of NYSE CCIF opened at $7.73 on Wednesday. Carlyle Credit Income Fund has a 12-month low of $7.57 and a 12-month high of $8.80. The business’s fifty day simple moving average is $7.89 and its 200-day simple moving average is $8.16.

Carlyle Credit Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.105 per share. This represents a $1.26 annualized dividend and a dividend yield of 16.31%. The ex-dividend date of this dividend is Tuesday, February 18th.

Insider Transactions at Carlyle Credit Income Fund

In other news, Director Joan Y. Mccabe purchased 18,079 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average cost of $8.02 per share, for a total transaction of $144,993.58. Following the completion of the purchase, the director now directly 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 Securities & Exchange Commission, which is accessible through this hyperlink.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer began 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 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.