Principal Securities Inc. Increases Stock Holdings in Eagle Point Income Company Inc. (NYSE:EIC)

Principal Securities Inc. grew its holdings in shares of Eagle Point Income Company Inc. (NYSE:EIC) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,869 shares of the company’s stock after purchasing an additional 4,358 shares during the period. Principal Securities Inc.’s holdings in Eagle Point Income were worth $1,334,000 as of its most recent SEC filing.

Separately, Graypoint LLC grew its holdings in shares of Eagle Point Income by 4.0% in the third quarter. Graypoint LLC now owns 165,323 shares of the company’s stock valued at $2,665,000 after purchasing an additional 6,325 shares in the last quarter.

Eagle Point Income Stock Performance

EIC stock opened at $15.79 on Wednesday. Eagle Point Income Company Inc. has a fifty-two week low of $14.78 and a fifty-two week high of $16.75. The business has a 50 day moving average price of $15.72 and a 200 day moving average price of $15.76.

Eagle Point Income Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $2.40 annualized dividend and a yield of 15.20%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EIC. LADENBURG THALM/SH SH upgraded shares of Eagle Point Income to a “strong-buy” rating in a report on Thursday, January 16th. B. Riley upgraded Eagle Point Income to a “strong-buy” rating in a report on Tuesday, January 7th.

Eagle Point Income Company Profile

About Eagle Point Income Company is a non-diversified,closed-end management investment company. The Company’s primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation, by investing primarily in junior debt tranches of CLOs. In addition, the Company may invest up to 20% of its total assets (at the time of investment) in CLO equity securities and related securities and instruments.