Carlyle Credit Income Fund (NYSE:CCIF) Trading Up 0.9% – Time to Buy?

Carlyle Credit Income Fund (NYSE:CCIF) rose 0.9% on Thursday . The stock traded as high as $2.87 and last traded at $2.8650. 42,640 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 145,271 shares. The stock had previously closed at $2.84.

Analyst Upgrades and Downgrades

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

Carlyle Credit Income Fund Trading Down 0.2%

The stock’s 50-day moving average is $3.06 and its two-hundred day moving average is $3.57.

Carlyle Credit Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th will be given a $0.06 dividend. This represents a c) annualized dividend and a yield of 25.1%. The ex-dividend date of this dividend is Wednesday, August 19th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kovack Advisors Inc. purchased a new stake in Carlyle Credit Income Fund during the 4th quarter worth approximately $126,000. Eagle Point Credit Management LLC acquired a new position in shares of Carlyle Credit Income Fund in the fourth quarter worth $729,000. Marex Group plc purchased a new stake in shares of Carlyle Credit Income Fund during the fourth quarter worth $239,000. Citadel Advisors LLC acquired a new stake in shares of Carlyle Credit Income Fund in the third quarter valued at $89,000. Finally, Arlington Capital Management Inc. acquired a new stake in shares of Carlyle Credit Income Fund in the third quarter valued at $278,000.

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.