Carlyle Credit Income Fund (NYSE:CCIF) Posts Quarterly Earnings Results, Beats Estimates By $998.83 EPS

Carlyle Credit Income Fund (NYSE:CCIF) issued its quarterly earnings data on Wednesday. The company reported $999.00 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $998.83, reports. The company had revenue of $7.12 million for the quarter, compared to the consensus estimate of $7.82 million.

Carlyle Credit Income Fund Stock Performance

CCIF stock opened at $3.35 on Thursday. The company’s 50 day simple moving average is $4.40 and its 200-day simple moving average is $5.04. Carlyle Credit Income Fund has a 52-week low of $3.22 and a 52-week high of $7.90.

Carlyle Credit Income Fund Announces Dividend

The company 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 21.5%. The ex-dividend date of this dividend is Monday, May 18th.

Analyst Ratings Changes

Several equities analysts have recently commented on CCIF shares. Credit Suisse Group set a $6.00 price target on shares of Carlyle Credit Income Fund in a research report on Thursday, November 20th. Zacks Research upgraded shares of Carlyle Credit Income Fund from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 29th. Finally, B. Riley Financial dropped their price target on shares of Carlyle Credit Income Fund from $9.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th.

Institutional Investors Weigh In On Carlyle Credit Income Fund

Several large investors have recently made changes to their positions in CCIF. Osaic Holdings Inc. lifted its holdings in Carlyle Credit Income Fund by 34.4% during the 2nd quarter. Osaic Holdings Inc. now owns 17,135 shares of the company’s stock valued at $111,000 after purchasing an additional 4,388 shares during the last quarter. Arlington Capital Management Inc. acquired a new stake in shares of Carlyle Credit Income Fund during the third quarter worth approximately $278,000. Citadel Advisors LLC bought a new position in shares of Carlyle Credit Income Fund in the third quarter valued at approximately $89,000. Kovack Advisors Inc. bought a new position in shares of Carlyle Credit Income Fund in the fourth quarter valued at approximately $126,000. Finally, Marex Group plc acquired a new position in shares of Carlyle Credit Income Fund in the 4th quarter worth approximately $239,000.

About Carlyle Credit Income Fund

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.