Atria Wealth Solutions Inc. Buys New Holdings in Eagle Point Income Company Inc. $EIC

Atria Wealth Solutions Inc. purchased a new position in Eagle Point Income Company Inc. (NYSE:EIC) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,400 shares of the company’s stock, valued at approximately $170,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Baillie Gifford & Co. bought a new position in Eagle Point Income in the 1st quarter worth $8,515,000. Graypoint LLC raised its holdings in Eagle Point Income by 1.9% in the 1st quarter. Graypoint LLC now owns 200,895 shares of the company’s stock worth $3,003,000 after purchasing an additional 3,759 shares during the period. Envestnet Asset Management Inc. raised its holdings in Eagle Point Income by 12.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 96,830 shares of the company’s stock worth $1,448,000 after purchasing an additional 10,961 shares during the period. Verity Asset Management Inc. bought a new position in Eagle Point Income in the 1st quarter worth $1,149,000. Finally, Choreo LLC bought a new position in Eagle Point Income in the 1st quarter worth $1,052,000.

Eagle Point Income Stock Up 0.6%

Eagle Point Income stock opened at $13.07 on Monday. The company has a 50 day moving average price of $13.24 and a 200-day moving average price of $14.21. Eagle Point Income Company Inc. has a fifty-two week low of $12.10 and a fifty-two week high of $16.71.

Eagle Point Income (NYSE:EIC) last issued its quarterly earnings results on Tuesday, August 12th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The firm had revenue of $15.27 million during the quarter, compared to analyst estimates of $14.40 million.

Eagle Point Income Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Thursday, December 11th will be paid a $0.13 dividend. The ex-dividend date is Thursday, December 11th. This represents a c) dividend on an annualized basis and a yield of 11.9%.

Analyst Ratings Changes

Separately, LADENBURG THALM/SH SH raised Eagle Point Income to a “strong-buy” rating in a report on Wednesday, August 13th.

Eagle Point Income Company 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.