Carlyle Credit Income Fund (NYSE:CCIF) Upgraded at Zacks Research

Zacks Research upgraded shares of Carlyle Credit Income Fund (NYSE:CCIF) from a strong sell rating to a hold rating in a research report released on Wednesday,Zacks.com reports.

A number of other brokerages have also commented on CCIF. Industrial Alliance Securities set a $6.50 price objective on shares of Carlyle Credit Income Fund in a report on Thursday, October 2nd. Alliance Global Partners started coverage on shares of Carlyle Credit Income Fund in a research note on Thursday, October 2nd. They issued a “buy” rating on the stock.

Carlyle Credit Income Fund Trading Up 1.1%

Shares of CCIF stock opened at $5.27 on Wednesday. Carlyle Credit Income Fund has a 12 month low of $5.09 and a 12 month high of $8.32. The company’s fifty day moving average price is $5.57 and its two-hundred day moving average price is $6.03.

Carlyle Credit Income Fund (NYSE:CCIF) last issued its quarterly earnings data on Tuesday, August 19th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.11. The firm had revenue of $8.61 million during the quarter, compared to analyst estimates of $9.26 million.

Carlyle Credit Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st were given a $0.105 dividend. The ex-dividend date was Tuesday, October 21st. This represents a c) annualized dividend and a yield of 23.9%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CCIF. J.W. Cole Advisors Inc. bought a new position in Carlyle Credit Income Fund in the 1st quarter worth about $1,275,000. Avantax Advisory Services Inc. bought a new position in Carlyle Credit Income Fund in the 1st quarter worth about $84,000. Cetera Investment Advisers grew its position in Carlyle Credit Income Fund by 9.5% in the 1st quarter. Cetera Investment Advisers now owns 103,385 shares of the company’s stock worth $699,000 after purchasing an additional 8,936 shares during the last quarter. Pasadena Private Wealth LLC bought a new position in Carlyle Credit Income Fund in the 1st quarter worth about $139,000. Finally, Virtu Financial LLC bought a new position in Carlyle Credit Income Fund in the 1st quarter worth about $85,000.

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.