Eagle Point Income (NYSE:EIC) Rating Increased to Strong-Buy at LADENBURG THALM/SH SH

Eagle Point Income (NYSE:EIC) was upgraded by LADENBURG THALM/SH SH to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Separately, B. Riley upgraded shares of Eagle Point Income to a “strong-buy” rating in a report on Tuesday, January 7th.

Eagle Point Income Price Performance

Shares of NYSE:EIC opened at $15.71 on Thursday. Eagle Point Income has a 1-year low of $14.78 and a 1-year high of $16.75. The business has a 50-day moving average price of $15.70 and a two-hundred day moving average price of $15.79.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Webster Bank N. A. acquired a new stake in Eagle Point Income in the third quarter worth $44,000. Graypoint LLC increased its position in shares of Eagle Point Income by 4.0% in the 3rd quarter. Graypoint LLC now owns 165,323 shares of the company’s stock valued at $2,665,000 after buying an additional 6,325 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Eagle Point Income during the 3rd quarter worth $216,000.

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.