Eagle Point Income Company Inc. (NYSE:EIC) Shares Purchased by Virtu Financial LLC

Virtu Financial LLC grew its holdings in Eagle Point Income Company Inc. (NYSE:EIC) by 26.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,909 shares of the company’s stock after purchasing an additional 3,498 shares during the period. Virtu Financial LLC’s holdings in Eagle Point Income were worth $263,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in Eagle Point Income during the 4th quarter worth approximately $842,000. Graypoint LLC grew its stake in shares of Eagle Point Income by 19.2% during the fourth quarter. Graypoint LLC now owns 197,136 shares of the company’s stock worth $3,063,000 after purchasing an additional 31,813 shares in the last quarter. Finally, Principal Securities Inc. increased its holdings in Eagle Point Income by 5.3% in the fourth quarter. Principal Securities Inc. now owns 85,869 shares of the company’s stock valued at $1,334,000 after buying an additional 4,358 shares during the last quarter.

Analysts Set New Price Targets

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

Eagle Point Income Stock Performance

NYSE:EIC opened at $14.98 on Friday. Eagle Point Income Company Inc. has a 12-month low of $14.51 and a 12-month high of $16.75. The company’s 50-day moving average is $15.62 and its two-hundred day moving average is $15.75.

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

Eagle Point Income Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be issued a $0.20 dividend. The ex-dividend date of this dividend 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.