Raymond James Financial Inc. Purchases Shares of 54,153 Eagle Point Income Company Inc. (NYSE:EIC)

Raymond James Financial Inc. acquired a new position in Eagle Point Income Company Inc. (NYSE:EIC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 54,153 shares of the company’s stock, valued at approximately $842,000.

Several other institutional investors have also recently modified their holdings of EIC. Principal Securities Inc. lifted its stake in shares of Eagle Point Income by 5.3% in the 4th quarter. Principal Securities Inc. now owns 85,869 shares of the company’s stock valued at $1,334,000 after acquiring an additional 4,358 shares during the last quarter. Graypoint LLC increased its stake in Eagle Point Income by 19.2% in the 4th quarter. Graypoint LLC now owns 197,136 shares of the company’s stock worth $3,063,000 after purchasing an additional 31,813 shares during the period. Finally, Virtu Financial LLC bought a new stake in Eagle Point Income in the third quarter valued at approximately $216,000.

Analyst Ratings Changes

EIC has been the topic of several analyst reports. LADENBURG THALM/SH SH raised shares of Eagle Point Income to a “strong-buy” rating in a research note on Thursday, January 16th. B. Riley raised shares of Eagle Point Income to a “strong-buy” rating in a research note on Tuesday, January 7th.

Eagle Point Income Price Performance

NYSE:EIC opened at $14.06 on Friday. Eagle Point Income Company Inc. has a one year low of $13.61 and a one year high of $16.71. The company’s 50-day simple moving average is $15.54 and its 200 day simple moving average is $15.73.

Eagle Point Income (NYSE:EIC) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.08). The company had revenue of $13.67 million for the quarter, compared to the consensus estimate of $13.54 million.

Eagle Point Income Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be paid a $0.20 dividend. The ex-dividend date is Thursday, April 10th.

Eagle Point Income Company Profile

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.