Carlyle Credit Income Fund (NYSE:CCIF) Issues Earnings Results

Carlyle Credit Income Fund (NYSE:CCIF) posted its quarterly earnings results on Wednesday. The company reported $999.00 EPS for the quarter, Zacks reports.

Carlyle Credit Income Fund Stock Performance

Shares of Carlyle Credit Income Fund stock traded up $0.07 during midday trading on Wednesday, hitting $3.47. The company had a trading volume of 98,360 shares, compared to its average volume of 194,542. The company has a fifty day simple moving average of $4.43 and a 200 day simple moving average of $5.05. Carlyle Credit Income Fund has a 12-month low of $3.22 and a 12-month high of $7.90.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CCIF. Zacks Research raised shares of Carlyle Credit Income Fund from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 29th. B. Riley Financial cut their price target on Carlyle Credit Income Fund from $9.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Finally, Credit Suisse Group set a $6.00 price target on Carlyle Credit Income Fund in a research report on Thursday, November 20th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. lifted its stake in shares of Carlyle Credit Income Fund by 34.4% during the second quarter. Osaic Holdings Inc. now owns 17,135 shares of the company’s stock worth $111,000 after buying an additional 4,388 shares during the period. Arlington Capital Management Inc. purchased a new position in Carlyle Credit Income Fund in the 3rd quarter worth $278,000. Citadel Advisors LLC acquired a new stake in Carlyle Credit Income Fund during the 3rd quarter worth about $89,000. Kovack Advisors Inc. acquired a new stake in Carlyle Credit Income Fund during the 4th quarter worth about $126,000. Finally, Marex Group plc purchased a new stake in Carlyle Credit Income Fund during the 4th quarter valued at about $239,000.

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. It seeks to benchmark the performance of its portfolio against the Barclays Capital U.S. Mortgage Backed Securities Index. Carlyle Credit Income Fund was formed on December 30, 2011 and is domiciled in the United States.