17,677 Shares in Eagle Point Income Company Inc. (NYSE:EIC) Acquired by Mariner LLC

Mariner LLC acquired a new stake in Eagle Point Income Company Inc. (NYSE:EIC) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 17,677 shares of the company’s stock, valued at approximately $275,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of Eagle Point Income in the fourth quarter worth about $842,000. Envestnet Asset Management Inc. increased its holdings in shares of Eagle Point Income by 5.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 85,869 shares of the company’s stock valued at $1,334,000 after purchasing an additional 4,358 shares in the last quarter. LPL Financial LLC raised its position in Eagle Point Income by 14.3% in the 4th quarter. LPL Financial LLC now owns 27,976 shares of the company’s stock worth $435,000 after purchasing an additional 3,504 shares during the last quarter. Virtu Financial LLC raised its position in Eagle Point Income by 26.1% in the 4th quarter. Virtu Financial LLC now owns 16,909 shares of the company’s stock worth $263,000 after purchasing an additional 3,498 shares during the last quarter. Finally, Principal Securities Inc. lifted its holdings in Eagle Point Income by 5.3% during the 4th quarter. Principal Securities Inc. now owns 85,869 shares of the company’s stock worth $1,334,000 after buying an additional 4,358 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. B. Riley raised Eagle Point Income to a “strong-buy” rating in a research note on Tuesday, January 7th. LADENBURG THALM/SH SH upgraded Eagle Point Income to a “strong-buy” rating in a research report on Thursday, January 16th.

Eagle Point Income Price Performance

EIC opened at $14.53 on Tuesday. The firm has a 50 day simple moving average of $14.70 and a 200 day simple moving average of $15.41. Eagle Point Income Company Inc. has a fifty-two week low of $12.73 and a fifty-two week high of $16.71.

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

Eagle Point Income Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, May 30th. Shareholders of record on Tuesday, May 13th will be paid a $0.20 dividend. This represents a yield of 16.51%. The ex-dividend date of this dividend is Monday, May 12th.

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.