Carlyle Credit Income Fund (NYSE:CCIF) Short Interest Update

Carlyle Credit Income Fund (NYSE:CCIF) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 10,594 shares, a decline of 85.6% from the December 15th total of 73,364 shares. Based on an average trading volume of 193,949 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 193,949 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CCIF shares. Alliance Global Partners began coverage on Carlyle Credit Income Fund in a research report on Thursday, October 2nd. They issued a “buy” rating for the company. Zacks Research upgraded Carlyle Credit Income Fund from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 29th. Credit Suisse Group set a $6.00 price target on Carlyle Credit Income Fund in a report on Thursday, November 20th. Industrial Alliance Securities set a $6.50 target price on shares of Carlyle Credit Income Fund in a research note on Thursday, October 2nd. Finally, B. Riley lowered their target price on shares of Carlyle Credit Income Fund from $9.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, November 20th.

Hedge Funds Weigh In On Carlyle Credit Income Fund

A number of hedge funds have recently made changes to their positions in CCIF. Wedbush Securities Inc. boosted its stake in shares of Carlyle Credit Income Fund by 38.7% in the third quarter. Wedbush Securities Inc. now owns 14,868 shares of the company’s stock worth $87,000 after acquiring an additional 4,150 shares during the last quarter. Osaic Holdings Inc. lifted its position in Carlyle Credit Income Fund by 34.4% during the second quarter. Osaic Holdings Inc. now owns 17,135 shares of the company’s stock worth $111,000 after buying an additional 4,388 shares in the last quarter. Citadel Advisors LLC acquired a new position in Carlyle Credit Income Fund during the third quarter worth $89,000. Icon Advisers Inc. Co. purchased a new stake in Carlyle Credit Income Fund in the 2nd quarter valued at $124,000. Finally, J.W. Cole Advisors Inc. increased its stake in shares of Carlyle Credit Income Fund by 16.3% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 219,480 shares of the company’s stock worth $1,422,000 after acquiring an additional 30,808 shares during the last quarter.

Carlyle Credit Income Fund Stock Performance

NYSE CCIF remained flat at $4.70 during trading on Monday. The company’s stock had a trading volume of 85,985 shares, compared to its average volume of 92,804. Carlyle Credit Income Fund has a fifty-two week low of $4.55 and a fifty-two week high of $7.96. The firm’s fifty day moving average is $4.92 and its 200 day moving average is $5.45.

Carlyle Credit Income Fund (NYSE:CCIF) last announced its quarterly earnings data on Tuesday, November 18th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The firm had revenue of $7.74 million for the quarter, compared to analysts’ expectations of $8.97 million.

Carlyle Credit Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be given a dividend of $0.105 per share. This represents a c) annualized dividend and a dividend yield of 26.8%. The ex-dividend date is Tuesday, February 17th.

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. It seeks to benchmark the performance of its portfolio against the Barclays Capital U.S. Mortgage Backed Securities Index. Carlyle Credit Income Fund was formed on December 30, 2011 and is domiciled in the United States.