Oppenheimer Initiates Coverage on Carlyle Credit Income Fund (NYSE:CCIF)

Research analysts at Oppenheimer started coverage on shares of Carlyle Credit Income Fund (NYSE:CCIF) in a note issued to investors on Monday, MarketBeat reports. The firm set a “market perform” rating and a $8.00 price target on the stock. Oppenheimer’s price target indicates a potential downside of 1.84% from the stock’s current price.

Carlyle Credit Income Fund Stock Performance

Shares of NYSE CCIF opened at $8.15 on Monday. Carlyle Credit Income Fund has a 1 year low of $7.57 and a 1 year high of $8.80. The firm’s 50 day moving average price is $8.23 and its 200 day moving average price is $8.30.

Institutional Investors Weigh In On Carlyle Credit Income Fund

Several hedge funds have recently modified their holdings of CCIF. Cetera Advisors LLC acquired a new position in shares of Carlyle Credit Income Fund in the 1st quarter valued at $79,000. HighTower Advisors LLC boosted its holdings in Carlyle Credit Income Fund by 65.2% in the third quarter. HighTower Advisors LLC now owns 29,598 shares of the company’s stock valued at $244,000 after acquiring an additional 11,682 shares during the last quarter. Access Financial Services Inc. grew its position in Carlyle Credit Income Fund by 15.5% during the second quarter. Access Financial Services Inc. now owns 81,130 shares of the company’s stock valued at $664,000 after acquiring an additional 10,860 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its stake in Carlyle Credit Income Fund by 31.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 444,548 shares of the company’s stock worth $3,636,000 after acquiring an additional 105,570 shares during the last quarter.

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.