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

Carlyle Credit Income Fund (NYSE:CCIF) posted its earnings results on Tuesday. The company reported $999.00 EPS for the quarter, topping the consensus estimate of $0.13 by $998.87, Zacks reports.

Carlyle Credit Income Fund Price Performance

NYSE:CCIF traded down $0.14 during trading hours on Tuesday, hitting $3.21. 132,118 shares of the company traded hands, compared to its average volume of 157,631. Carlyle Credit Income Fund has a twelve month low of $3.01 and a twelve month high of $6.65. The firm has a 50-day moving average of $3.28 and a 200 day moving average of $4.13.

Carlyle Credit Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Monday, May 18th will be paid a dividend of $0.06 per share. This represents a c) annualized dividend and a yield of 22.4%. The ex-dividend date is Monday, May 18th.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners reissued a “buy” rating on shares of Carlyle Credit Income Fund in a research report on Thursday, April 16th.

Insider Buying and Selling

In related news, Director Lauren Michelle Basmadjian bought 16,000 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was purchased at an average cost of $3.22 per share, for a total transaction of $51,520.00. Following the purchase, the director directly owned 37,448 shares in the company, valued at $120,582.56. This trade represents a 74.60% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Hedge Funds Weigh In On Carlyle Credit Income Fund

Several large investors have recently bought and sold shares of the stock. Osaic Holdings Inc. raised its stake in Carlyle Credit Income Fund by 34.4% during the 2nd quarter. Osaic Holdings Inc. now owns 17,135 shares of the company’s stock valued at $111,000 after purchasing an additional 4,388 shares during the last quarter. Bulldog Investors LLP raised its stake in Carlyle Credit Income Fund by 2.7% during the 4th quarter. Bulldog Investors LLP now owns 337,241 shares of the company’s stock valued at $1,582,000 after purchasing an additional 8,826 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Carlyle Credit Income Fund in the 3rd quarter valued at $89,000. Virtu Financial LLC acquired a new position in shares of Carlyle Credit Income Fund in the 4th quarter valued at $74,000. Finally, XTX Topco Ltd acquired a new position in shares of Carlyle Credit Income Fund in the 4th quarter valued at $83,000.

About Carlyle Credit Income Fund

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.