Carlyle Credit Income Fund (NYSE:CCIF) Stock Price Up 1.4% – Time to Buy?

Carlyle Credit Income Fund (NYSE:CCIF)’s stock price was up 1.4% during mid-day trading on Friday . The company traded as high as $2.86 and last traded at $2.8390. Approximately 57,378 shares were traded during mid-day trading, a decline of 59% from the average session volume of 139,832 shares. The stock had previously closed at $2.80.

Analyst Ratings Changes

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

Carlyle Credit Income Fund Trading Up 1.4%

The company has a 50-day moving average price of $2.85 and a two-hundred day moving average price of $3.30.

Carlyle Credit Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 19th will be issued a dividend of $0.06 per share. This represents a c) dividend on an annualized basis and a yield of 25.4%. The ex-dividend date of this dividend is Wednesday, August 19th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CCIF. Thomas J. Herzfeld Advisors Inc. raised its holdings in shares of Carlyle Credit Income Fund by 497.1% in 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 in the last quarter. Almitas Capital LLC purchased a new stake in shares of Carlyle Credit Income Fund during the 4th quarter valued at $738,000. Eagle Point Credit Management LLC purchased a new position in Carlyle Credit Income Fund in the fourth quarter worth $729,000. GatePass Capital LLC purchased a new stake in Carlyle Credit Income Fund during the fourth quarter valued at about $321,000. Finally, Marex Group plc bought a new stake in Carlyle Credit Income Fund during the fourth quarter worth about $239,000.

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.