Virtu Financial LLC Takes $216,000 Position in Eagle Point Income Company Inc. (NYSE:EIC)

Virtu Financial LLC purchased a new position in shares of Eagle Point Income Company Inc. (NYSE:EIC) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,411 shares of the company’s stock, valued at approximately $216,000.

Other institutional investors have also added to or reduced their stakes in the company. Graypoint LLC grew its position in Eagle Point Income by 4.0% during the third 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 period. Main Street Financial Solutions LLC purchased a new stake in shares of Eagle Point Income during the 2nd quarter worth approximately $160,000. Finally, Webster Bank N. A. bought a new stake in shares of Eagle Point Income in the 3rd quarter worth approximately $44,000.

Eagle Point Income Stock Down 0.3 %

NYSE EIC opened at $15.18 on Thursday. The firm’s 50-day simple moving average is $15.84 and its two-hundred day simple moving average is $15.80. Eagle Point Income Company Inc. has a 52 week low of $14.18 and a 52 week high of $16.75.

Eagle Point Income Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 13th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, January 13th.

Analyst Ratings Changes

Separately, B. Riley began coverage on Eagle Point Income in a research report on Tuesday, September 3rd. They issued a “buy” rating and a $17.50 target price for the company.

Eagle Point Income 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.