Carlyle Credit Income Fund (NYSE:CCIF) Stock Price Up 1%

Shares of Carlyle Credit Income Fund (NYSE:CCIF) rose 1% on Thursday . The company traded as high as $8.38 and last traded at $8.32. Approximately 27,369 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 72,848 shares. The stock had previously closed at $8.24.

Wall Street Analysts Forecast Growth

Separately, B. Riley initiated 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 on the stock.

Carlyle Credit Income Fund Price Performance

The business has a 50 day moving average of $8.15 and a 200 day moving average of $8.01.

Carlyle Credit Income Fund (NYSE:CCIF) last issued its earnings results on Wednesday, May 29th. The company reported $0.33 EPS for the quarter. The firm had revenue of $7.30 million during the quarter.

Carlyle Credit Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Tuesday, August 20th will be given a $0.105 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 15.40%. The ex-dividend date is Tuesday, August 20th.

Insider Buying and Selling at Carlyle Credit Income Fund

In related news, Director Joan Y. Mccabe purchased 5,950 shares of the stock in a transaction on Friday, June 21st. The shares were purchased at an average cost of $8.40 per share, for a total transaction of $49,980.00. Following the completion of the transaction, the director now directly owns 12,279 shares of the company’s stock, valued at approximately $103,143.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Institutional Trading of Carlyle Credit Income Fund

Large investors have recently made changes to their positions in the business. Cetera Advisors LLC bought a new position in Carlyle Credit Income Fund in the first quarter valued at about $79,000. Choreo LLC bought a new position in Carlyle Credit Income Fund in the first quarter valued at about $83,000. SageView Advisory Group LLC bought a new position in Carlyle Credit Income Fund in the fourth quarter valued at about $96,000. Centaurus Financial Inc. bought a new position in Carlyle Credit Income Fund in the fourth quarter valued at about $181,000. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in Carlyle Credit Income Fund by 104.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 338,978 shares of the company’s stock valued at $2,668,000 after acquiring an additional 173,163 shares during the last 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.