Graypoint LLC increased its stake in shares of Eagle Point Income Company Inc. (NYSE:EIC – Free Report) by 3.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 158,998 shares of the company’s stock after acquiring an additional 6,035 shares during the period. Graypoint LLC’s holdings in Eagle Point Income were worth $2,512,000 as of its most recent SEC filing.
Separately, Virtu Financial LLC acquired a new stake in shares of Eagle Point Income in the 1st quarter valued at about $253,000.
Eagle Point Income Stock Up 0.2 %
Shares of EIC stock traded up $0.03 on Friday, hitting $15.43. 206,909 shares of the stock were exchanged, compared to its average volume of 136,980. Eagle Point Income Company Inc. has a fifty-two week low of $13.55 and a fifty-two week high of $16.75. The business has a 50-day moving average of $15.72 and a 200 day moving average of $15.84.
Eagle Point Income Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 11th will be paid a $0.20 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $2.40 annualized dividend and a yield of 15.55%.
About Eagle Point Income
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.
Further Reading
- Five stocks we like better than Eagle Point Income
- Investing in Construction Stocks
- Birkenstock’s Sudden Slide—Why It Might Be Your Next Big Win
- The 3 Best Blue-Chip Stocks to Buy Now
- Why Dell Can Continue Winning in AI and Beyond
- Bank Stocks – Best Bank Stocks to Invest In
- Veeva’s Stock Jumps on Stellar Q2 Results—Don’t Miss Out
Receive News & Ratings for Eagle Point Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Point Income and related companies with MarketBeat.com's FREE daily email newsletter.