Carlyle Credit Income Fund (NYSE:CCIF) Stock Bumped Up to “Hold” by 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 note issued to investors on Thursday morning,Zacks reports.

Separately, Credit Suisse Group set a $3.50 price objective on Carlyle Credit Income Fund in a report on Friday, August 21st.

Carlyle Credit Income Fund Stock Up 4.0%

Shares of CCIF traded up $0.07 during mid-day trading on Thursday, hitting $1.69. 181,061 shares of the company’s stock were exchanged, compared to its average volume of 141,918. Carlyle Credit Income Fund has a 52 week low of $1.52 and a 52 week high of $5.33. The stock’s 50-day simple moving average is $2.17 and its 200-day simple moving average is $2.91.

Carlyle Credit Income Fund (NYSE:CCIF) last issued its quarterly earnings results on Wednesday, August 19th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.03). The company had revenue of $4.31 million during the quarter, compared to analyst estimates of $5.39 million.

Carlyle Credit Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Tuesday, November 17th will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 42.7%. The ex-dividend date is Tuesday, November 17th.

Institutional Investors Weigh In On Carlyle Credit Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in CCIF. Belpointe Asset Management LLC boosted its holdings in shares of Carlyle Credit Income Fund by 10.9% in the 2nd quarter. Belpointe Asset Management LLC now owns 61,053 shares of the company’s stock valued at $170,000 after purchasing an additional 6,000 shares in the last quarter. Advisory Solutions Group LLC acquired a new position in shares of Carlyle Credit Income Fund during the 2nd quarter worth $113,000. Tactive Advisors LLC acquired a new position in shares of Carlyle Credit Income Fund during the 3rd quarter worth $28,000. StoneX Group Inc. bought a new stake in shares of Carlyle Credit Income Fund during the 3rd quarter worth $29,000. Finally, Private Advisor Group LLC bought a new stake in shares of Carlyle Credit Income Fund during the 3rd quarter worth $25,000.

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. 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.