Carlyle Credit Income Fund (NYSE:CCIF) Shares Up 0.2% – Still a Buy?

Carlyle Credit Income Fund (NYSE:CCIF)’s share price traded up 0.2% during trading on Thursday . The company traded as high as $4.72 and last traded at $4.70. 100,097 shares were traded during trading, an increase of 4% from the average session volume of 96,259 shares. The stock had previously closed at $4.69.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CCIF. Credit Suisse Group set a $6.00 price objective on Carlyle Credit Income Fund in a research note on Thursday, November 20th. Industrial Alliance Securities set a $6.50 target price on Carlyle Credit Income Fund in a report on Thursday, October 2nd. B. Riley cut their price target on Carlyle Credit Income Fund from $9.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Alliance Global Partners started coverage on shares of Carlyle Credit Income Fund in a report on Thursday, October 2nd. They issued a “buy” rating on the stock. Finally, Zacks Research raised shares of Carlyle Credit Income Fund from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 29th.

Carlyle Credit Income Fund Price Performance

The company’s 50 day moving average is $4.95 and its 200 day moving average is $5.47.

Carlyle Credit Income Fund (NYSE:CCIF) last issued its quarterly earnings data on Tuesday, November 18th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.06). The business had revenue of $7.74 million for the quarter, compared to analyst estimates of $8.97 million.

Carlyle Credit Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be paid a $0.105 dividend. This represents a c) annualized dividend and a dividend yield of 26.8%. The ex-dividend date is Tuesday, February 17th.

Hedge Funds Weigh In On Carlyle Credit Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCIF. Wedbush Securities Inc. bought a new stake in shares of Carlyle Credit Income Fund during the 2nd quarter valued at $69,000. Citadel Advisors LLC acquired a new position in Carlyle Credit Income Fund in the third quarter valued at about $89,000. Osaic Holdings Inc. lifted its position in 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 purchasing an additional 4,388 shares during the period. Icon Advisers Inc. Co. acquired a new stake in Carlyle Credit Income Fund during the second quarter worth about $124,000. Finally, Arlington Capital Management Inc. acquired a new stake in Carlyle Credit Income Fund during the third quarter worth about $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.