Carlyle Credit Income Fund (NYSE:CCIF) Shares Down 1.1%

Carlyle Credit Income Fund (NYSE:CCIF) was down 1.1% during trading on Wednesday . The company traded as low as $8.11 and last traded at $8.11. Approximately 43,672 shares traded hands during trading, a decline of 42% from the average daily volume of 74,730 shares. The stock had previously closed at $8.20.

Wall Street Analyst Weigh In

Separately, B. Riley assumed coverage on shares of Carlyle Credit Income Fund in a research note on Tuesday, June 4th. They set a “buy” rating and a $9.00 price objective on the stock.

Carlyle Credit Income Fund Trading Up 0.6 %

The firm has a fifty day moving average price of $8.28 and a 200-day moving average price of $8.06.

Carlyle Credit Income Fund (NYSE:CCIF) last released its earnings results on Wednesday, May 29th. The company reported $0.33 earnings per share for the quarter. The business had revenue of $7.30 million for the quarter.

Carlyle Credit Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Tuesday, August 20th will be issued a $0.105 dividend. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $1.26 dividend on an annualized basis and a yield of 15.45%.

Insider Buying and Selling

In related news, Director Joan Y. Mccabe purchased 5,950 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were bought at an average price of $8.40 per share, for a total transaction of $49,980.00. Following the acquisition, the director now directly owns 12,279 shares in the company, valued at $103,143.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Hedge Funds Weigh In On Carlyle Credit Income Fund

A number of large investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Carlyle Credit Income Fund by 31.1% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 444,548 shares of the company’s stock worth $3,636,000 after purchasing an additional 105,570 shares during the period. Bulldog Investors LLP purchased a new position in Carlyle Credit Income Fund in the fourth quarter valued at approximately $1,279,000. Relative Value Partners Group LLC acquired a new position in Carlyle Credit Income Fund during the fourth quarter valued at approximately $1,118,000. Access Financial Services Inc. grew its stake 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 worth $664,000 after buying an additional 10,860 shares during the period. Finally, Centaurus Financial Inc. acquired a new stake in shares of Carlyle Credit Income Fund in the fourth quarter worth $181,000.

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.