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

Carlyle Credit Income Fund (NYSE:CCIF) released its earnings results on Tuesday. The company reported $999.00 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $998.87, Zacks reports.

Carlyle Credit Income Fund Trading Down 4.2%

Shares of NYSE CCIF traded down $0.14 during mid-day trading on Tuesday, reaching $3.21. The company had a trading volume of 132,119 shares, compared to its average volume of 157,631. Carlyle Credit Income Fund has a twelve month low of $3.01 and a twelve month high of $6.65. The stock’s 50 day moving average is $3.28 and its 200-day moving average is $4.13.

Carlyle Credit Income Fund Dividend Announcement

The business also recently declared 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 of this dividend is Monday, May 18th. This represents a c) dividend on an annualized basis and a dividend yield of 22.4%.

Insider Buying and Selling at Carlyle Credit Income Fund

In related news, Director Lauren Michelle Basmadjian purchased 16,000 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were acquired at an average cost of $3.22 per share, with a total value of $51,520.00. Following the completion of the purchase, the director owned 37,448 shares of the company’s stock, valued at $120,582.56. The trade was a 74.60% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hedge Funds Weigh In On Carlyle Credit Income Fund

A number of hedge funds have recently modified their holdings of CCIF. Virtu Financial LLC acquired a new position in shares of Carlyle Credit Income Fund during the 4th quarter valued at about $74,000. XTX Topco Ltd acquired a new position in shares of Carlyle Credit Income Fund during the 4th quarter valued at about $83,000. Almitas Capital LLC acquired a new position in shares of Carlyle Credit Income Fund during the 4th quarter valued at about $738,000. Kovack Advisors Inc. acquired a new position in shares of Carlyle Credit Income Fund during the 4th quarter valued at about $126,000. Finally, Thomas J. Herzfeld Advisors Inc. increased its holdings 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 valued at $943,000 after acquiring an additional 167,429 shares during the last quarter.

Analyst Upgrades and Downgrades

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

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.