Carlyle Credit Income Fund (NYSE:CCIF) Posts Quarterly Earnings Results, Beats Expectations By $998.83 EPS

Carlyle Credit Income Fund (NYSE:CCIF) released its quarterly earnings data on Wednesday. The company reported $999.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $998.83, reports. The firm had revenue of $7.12 million during the quarter, compared to analyst estimates of $7.82 million.

Carlyle Credit Income Fund Stock Up 2.0%

Shares of Carlyle Credit Income Fund stock traded up $0.07 during trading on Friday, reaching $3.34. 144,802 shares of the company traded hands, compared to its average volume of 194,903. Carlyle Credit Income Fund has a 1-year low of $3.22 and a 1-year high of $7.90. The company has a 50 day moving average price of $4.37 and a 200-day moving average price of $5.03.

Carlyle Credit Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Monday, May 18th will be paid a $0.06 dividend. The ex-dividend date is Monday, May 18th. This represents a c) annualized dividend and a dividend yield of 21.6%.

Analysts Set New Price Targets

A number of research firms have weighed in on CCIF. Credit Suisse Group set a $6.00 target price on shares of Carlyle Credit Income Fund in a report on Thursday, November 20th. B. Riley Financial cut their price target on shares of Carlyle Credit Income Fund from $9.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, November 20th.

Institutional Investors Weigh In On Carlyle Credit Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Thomas J. Herzfeld Advisors Inc. boosted its position in shares of Carlyle Credit Income Fund by 497.1% during the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 201,113 shares of the company’s stock worth $943,000 after purchasing an additional 167,429 shares in the last quarter. Almitas Capital LLC acquired a new position in Carlyle Credit Income Fund during the 4th quarter worth approximately $738,000. Eagle Point Credit Management LLC bought a new position in Carlyle Credit Income Fund in the fourth quarter worth approximately $729,000. Marex Group plc bought a new position in Carlyle Credit Income Fund in the fourth quarter worth approximately $239,000. Finally, Arlington Capital Management Inc. acquired a new stake in Carlyle Credit Income Fund in the third quarter valued at approximately $278,000.

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.