Carlyle Credit Income Fund (NYSE:CCIF) Stock Price Up 2.7% – Still a Buy?

Carlyle Credit Income Fund (NYSE:CCIF) traded up 2.7% during mid-day trading on Wednesday . The stock traded as high as $4.94 and last traded at $4.89. 163,435 shares traded hands during mid-day trading, a decline of 4% from the average session volume of 169,501 shares. The stock had previously closed at $4.76.

Analyst Ratings Changes

A number of research analysts have recently commented on CCIF shares. B. Riley cut their price objective on shares of Carlyle Credit Income Fund from $9.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Industrial Alliance Securities set a $6.50 price target on Carlyle Credit Income Fund in a report on Thursday, October 2nd. Alliance Global Partners started coverage on Carlyle Credit Income Fund in a research report on Thursday, October 2nd. They issued a “buy” rating for the company. Zacks Research raised Carlyle Credit Income Fund from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 29th. Finally, Credit Suisse Group set a $6.00 target price on Carlyle Credit Income Fund in a research note on Thursday, November 20th.

Carlyle Credit Income Fund Stock Performance

The firm’s 50-day moving average price is $5.14 and its 200 day moving average price is $5.66.

Carlyle Credit Income Fund (NYSE:CCIF) last announced its quarterly earnings data on Tuesday, November 18th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.06). The company had revenue of $7.74 million for the quarter, compared to analyst estimates of $8.97 million.

Carlyle Credit Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be paid a dividend of $0.105 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a c) dividend on an annualized basis and a dividend yield of 25.8%.

Hedge Funds Weigh In On Carlyle Credit Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC acquired a new stake in shares of Carlyle Credit Income Fund in the 3rd quarter valued at approximately $89,000. Bulldog Investors LLP acquired a new stake in Carlyle Credit Income Fund during the 3rd quarter worth approximately $1,911,000. Arlington Capital Management Inc. bought a new stake in Carlyle Credit Income Fund in the 3rd quarter valued at $278,000. Osaic Holdings Inc. lifted its holdings in shares of Carlyle Credit Income Fund by 34.4% in the second 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 in the last quarter. Finally, Wedbush Securities Inc. lifted its stake in Carlyle Credit Income Fund by 38.7% in the 3rd quarter. Wedbush Securities Inc. now owns 14,868 shares of the company’s stock valued at $87,000 after acquiring an additional 4,150 shares in the last quarter.

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.