Carlyle Credit Income Fund (NYSE:CCIF) Trading Down 1.7% – Here’s What Happened

Carlyle Credit Income Fund (NYSE:CCIF)’s stock price fell 1.7% during trading on Tuesday . The stock traded as low as $7.75 and last traded at $7.77. 149,874 shares traded hands during trading, a decline of 15% from the average session volume of 175,990 shares. The stock had previously closed at $7.90.

Analyst Upgrades and Downgrades

Separately, Oppenheimer assumed coverage on Carlyle Credit Income Fund in a research report on Monday, December 9th. They set a “market perform” rating and a $8.00 price target for the company.

Carlyle Credit Income Fund Stock Down 1.7 %

The company’s fifty day simple moving average is $8.05 and its 200 day simple moving average is $8.23.

Carlyle Credit Income Fund (NYSE:CCIF) last released its quarterly earnings results on Wednesday, November 20th. The company reported $0.30 earnings per share for the quarter. During the same period in the prior year, the business earned ($0.14) EPS.

Carlyle Credit Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be paid a $0.105 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.26 annualized dividend and a dividend yield of 16.23%.

Insider Activity at Carlyle Credit Income Fund

In related news, Director Joan Y. Mccabe purchased 18,079 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average price of $8.02 per share, for a total transaction of $144,993.58. Following the purchase, the director now directly owns 30,358 shares of the company’s stock, valued at approximately $243,471.16. This represents a 147.24 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Carlyle Credit Income Fund stock. HighTower Advisors LLC lifted its stake in Carlyle Credit Income Fund (NYSE:CCIF) by 65.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,598 shares of the company’s stock after purchasing an additional 11,682 shares during the quarter. HighTower Advisors LLC’s holdings in Carlyle Credit Income Fund were worth $244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.