Carlyle Credit Income Fund (NYSE:CCIF) Trading Down 0.8% – Here’s What Happened

Shares of Carlyle Credit Income Fund (NYSE:CCIF) traded down 0.8% during mid-day trading on Monday . The company traded as low as $6.45 and last traded at $6.46. 144,994 shares were traded during trading, an increase of 1% from the average session volume of 143,766 shares. The stock had previously closed at $6.51.

Analyst Upgrades and Downgrades

Separately, Oppenheimer decreased their price objective on Carlyle Credit Income Fund from $8.00 to $7.00 and set a “market perform” rating for the company in a report on Friday, May 23rd.

Carlyle Credit Income Fund Stock Performance

The firm’s 50 day moving average price is $6.64 and its two-hundred day moving average price is $7.33.

Carlyle Credit Income Fund (NYSE:CCIF) last released its earnings results on Tuesday, May 20th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The business had revenue of $8.56 million during the quarter, compared to the consensus estimate of $9.04 million.

Carlyle Credit Income Fund Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be issued a dividend of $0.105 per share. This represents a yield of 19.35%. The ex-dividend date is Tuesday, June 17th.

Hedge Funds Weigh In On Carlyle Credit Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sabal Trust CO bought a new stake in shares of Carlyle Credit Income Fund during the 4th quarter valued at $1,726,000. Naviter Wealth LLC acquired a new position in shares of Carlyle Credit Income Fund in the 4th quarter worth approximately $239,000. LPL Financial LLC acquired a new position in Carlyle Credit Income Fund in the fourth quarter valued at approximately $82,000. Virtus ETF Advisers LLC raised its position in Carlyle Credit Income Fund by 26.5% in the 4th quarter. Virtus ETF Advisers LLC now owns 125,323 shares of the company’s stock valued at $995,000 after buying an additional 26,224 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Carlyle Credit Income Fund during the fourth quarter valued at approximately $192,000.

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.