Carlyle Credit Income Fund (NYSE:CCIF) Posts Earnings Results, Beats Estimates By $998.87 EPS

Carlyle Credit Income Fund (NYSE:CCIF) announced its quarterly earnings data on Tuesday. The company reported $999.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $998.87, Zacks reports.

Carlyle Credit Income Fund Stock Down 4.2%

Shares of CCIF traded down $0.14 during trading hours on Tuesday, hitting $3.21. The stock had a trading volume of 132,118 shares, compared to its average volume of 157,631. The company’s fifty day moving average is $3.28 and its two-hundred day moving average is $4.13. Carlyle Credit Income Fund has a 52 week low of $3.01 and a 52 week high of $6.65.

Carlyle Credit Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Monday, May 18th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a c) annualized dividend and a dividend yield of 22.4%.

Analyst Ratings Changes

Separately, Alliance Global Partners restated a “buy” rating on shares of Carlyle Credit Income Fund in a research note on Thursday, April 16th.

Insider Buying and Selling at Carlyle Credit Income Fund

In other news, Director Lauren Michelle Basmadjian bought 16,000 shares of the stock in a transaction dated Monday, March 16th. The shares were acquired at an average price of $3.22 per share, with a total value of $51,520.00. Following the acquisition, the director owned 37,448 shares in the company, valued at $120,582.56. This trade represents a 74.60% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Institutional Investors Weigh In On Carlyle Credit Income Fund

Hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC bought a new stake in Carlyle Credit Income Fund during the 3rd quarter worth about $89,000. Virtu Financial LLC bought a new stake in Carlyle Credit Income Fund during the 4th quarter worth about $74,000. Osaic Holdings Inc. grew its holdings in Carlyle Credit Income Fund by 34.4% during the 2nd quarter. Osaic Holdings Inc. now owns 17,135 shares of the company’s stock worth $111,000 after acquiring an additional 4,388 shares during the last quarter. XTX Topco Ltd bought a new stake in Carlyle Credit Income Fund during the 4th quarter worth about $83,000. Finally, Kovack Advisors Inc. bought a new stake in Carlyle Credit Income Fund during the 4th quarter worth about $126,000.

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. It seeks to benchmark the performance of its portfolio against the Barclays Capital U.S. Mortgage Backed Securities Index. Carlyle Credit Income Fund was formed on December 30, 2011 and is domiciled in the United States.