Carlyle Credit Income Fund (NYSE:CCIF) Releases Quarterly Earnings Results, Beats Estimates By $998.87 EPS

Carlyle Credit Income Fund (NYSE:CCIF) issued its quarterly earnings results on Monday. The company reported $999.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $998.87, reports.

Carlyle Credit Income Fund Stock Down 4.2%

Shares of Carlyle Credit Income Fund stock opened at $3.21 on Wednesday. Carlyle Credit Income Fund has a 12 month low of $3.01 and a 12 month high of $6.65. The business has a fifty day simple moving average of $3.28 and a 200-day simple moving average of $4.12.

Carlyle Credit Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Monday, May 18th will be given a $0.06 dividend. This represents a c) annualized dividend and a dividend yield of 22.4%. The ex-dividend date of this dividend is Monday, May 18th.

Analyst Ratings Changes

Separately, Alliance Global Partners reiterated a “buy” rating on shares of Carlyle Credit Income Fund in a research report on Thursday, April 16th.

Insider Transactions at Carlyle Credit Income Fund

In other news, Director Lauren Michelle Basmadjian acquired 16,000 shares of Carlyle Credit Income Fund stock in a transaction that occurred on Monday, March 16th. The stock was purchased at an average price of $3.22 per share, with a total value of $51,520.00. Following the completion of the transaction, the director owned 37,448 shares in the company, valued at approximately $120,582.56. This trade represents a 74.60% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Institutional Trading of Carlyle Credit Income Fund

A number of institutional investors have recently bought and sold shares of the company. Bulldog Investors LLP grew its position in Carlyle Credit Income Fund by 2.7% in the fourth quarter. Bulldog Investors LLP now owns 337,241 shares of the company’s stock worth $1,582,000 after acquiring an additional 8,826 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. grew its position in Carlyle Credit Income Fund by 497.1% in the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 201,113 shares of the company’s stock worth $943,000 after acquiring an additional 167,429 shares in the last quarter. Almitas Capital LLC acquired a new stake in shares of Carlyle Credit Income Fund in the fourth quarter worth about $738,000. Eagle Point Credit Management LLC acquired a new stake in shares of Carlyle Credit Income Fund in the fourth quarter worth about $729,000. Finally, Marex Group plc acquired a new stake in shares of Carlyle Credit Income Fund in the fourth quarter worth about $239,000.

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.