Eagle Point Income (NYSE:EIC) Upgraded to “Strong-Buy” at B. Riley

B. Riley upgraded shares of Eagle Point Income (NYSE:EIC) to a strong-buy rating in a research note released on Tuesday,Zacks.com reports.

Eagle Point Income Stock Performance

Shares of NYSE EIC opened at $16.25 on Tuesday. Eagle Point Income has a one year low of $14.78 and a one year high of $16.75. The business has a 50-day moving average price of $15.74 and a two-hundred day moving average price of $15.78.

Eagle Point Income Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 13th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, January 13th.

Institutional Investors Weigh In On Eagle Point Income

A number of institutional investors have recently modified their holdings of EIC. Virtu Financial LLC acquired a new position in shares of Eagle Point Income in the third quarter worth $216,000. Graypoint LLC grew its stake in 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. Webster Bank N. A. acquired a new position in Eagle Point Income in the 3rd quarter worth about $44,000. Finally, Main Street Financial Solutions LLC purchased a new stake in shares of Eagle Point Income during the 2nd quarter worth about $160,000.

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.