Carlyle Credit Income Fund (NYSE:CCIF) Shares Up 0.5% – Here’s What Happened

Shares of Carlyle Credit Income Fund (NYSE:CCIF) shot up 0.5% during trading on Thursday . The company traded as high as $3.13 and last traded at $3.0850. 22,189 shares were traded during trading, a decline of 85% from the average session volume of 149,427 shares. The stock had previously closed at $3.07.

Wall Street Analyst Weigh In

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

Carlyle Credit Income Fund Stock Performance

The company has a 50 day simple moving average of $3.25 and a 200 day simple moving average of $3.88.

Carlyle Credit Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th will be issued a dividend of $0.06 per share. This represents a c) dividend on an annualized basis and a dividend yield of 23.3%. The ex-dividend date is Wednesday, August 19th.

Insider Activity

In other Carlyle Credit Income Fund news, Director Lauren Michelle Basmadjian purchased 16,000 shares of the business’s stock in a transaction on Monday, March 16th. The shares were purchased at an average cost of $3.22 per share, for a total transaction of $51,520.00. Following the acquisition, the director owned 37,448 shares of the company’s stock, valued at approximately $120,582.56. This represents a 74.60% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Hedge Funds Weigh In On Carlyle Credit Income Fund

Large investors have recently modified their holdings of the company. Wedbush Securities Inc. grew its position in Carlyle Credit Income Fund by 38.7% in the 3rd quarter. Wedbush Securities Inc. now owns 14,868 shares of the company’s stock valued at $87,000 after purchasing an additional 4,150 shares during the period. Citadel Advisors LLC bought a new position in shares of Carlyle Credit Income Fund in the third quarter valued at $89,000. Virtu Financial LLC bought a new position in shares of Carlyle Credit Income Fund in the fourth quarter valued at $74,000. Osaic Holdings Inc. grew its holdings 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 valued at $111,000 after buying an additional 4,388 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Carlyle Credit Income Fund during the fourth quarter worth about $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.