Carlyle Credit Income Fund (NYSE:CCIF) Price Target Cut to $7.00 by Analysts at Oppenheimer

Carlyle Credit Income Fund (NYSE:CCIF) had its price objective reduced by Oppenheimer from $8.00 to $7.00 in a research note released on Friday morning,Benzinga reports. They currently have a market perform rating on the stock.

Carlyle Credit Income Fund Trading Down 0.6%

Shares of NYSE CCIF opened at $6.53 on Friday. Carlyle Credit Income Fund has a 12 month low of $5.95 and a 12 month high of $8.80. The company has a 50-day simple moving average of $6.79 and a 200-day simple moving average of $7.53.

Carlyle Credit Income Fund (NYSE:CCIF) last issued its quarterly earnings results on Tuesday, May 20th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The firm had revenue of $8.56 million for the quarter, compared to analysts’ expectations of $9.04 million.

Carlyle Credit Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Tuesday, August 19th will be issued a $0.105 dividend. The ex-dividend date is Tuesday, August 19th. This represents a $1.26 dividend on an annualized basis and a yield of 19.29%.

Institutional Investors Weigh In On Carlyle Credit Income Fund

A number of institutional investors have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. grew its holdings in Carlyle Credit Income Fund by 3.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 494,708 shares of the company’s stock valued at $3,344,000 after purchasing an additional 16,609 shares during the period. Sabal Trust CO purchased a new stake in Carlyle Credit Income Fund in the fourth quarter valued at approximately $1,726,000. J.W. Cole Advisors Inc. purchased a new stake in Carlyle Credit Income Fund in the first quarter valued at approximately $1,275,000. Virtus ETF Advisers LLC grew its holdings in Carlyle Credit Income Fund by 26.5% in the fourth quarter. Virtus ETF Advisers LLC now owns 125,323 shares of the company’s stock valued at $995,000 after purchasing an additional 26,224 shares during the period. Finally, Cetera Investment Advisers grew its holdings in Carlyle Credit Income Fund by 9.5% in the first quarter. Cetera Investment Advisers now owns 103,385 shares of the company’s stock valued at $699,000 after purchasing an additional 8,936 shares during the period.

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.