Carlyle Credit Income Fund (NYSE:CCIF) Trading 0.9% Higher – Still a Buy?

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

Analyst Upgrades and Downgrades

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

Carlyle Credit Income Fund Stock Performance

The stock has a 50 day simple moving average of $3.07 and a 200 day simple moving average of $3.57.

Carlyle Credit Income Fund Announces Dividend

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

Hedge Funds Weigh In On Carlyle Credit Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of CCIF. Osaic Holdings Inc. boosted its holdings in Carlyle Credit Income Fund by 34.4% in the 2nd quarter. Osaic Holdings Inc. now owns 17,135 shares of the company’s stock worth $111,000 after acquiring an additional 4,388 shares during the period. Bulldog Investors LLP raised its stake in shares of Carlyle Credit Income Fund by 2.7% during the fourth 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 period. Citadel Advisors LLC purchased a new stake in shares of Carlyle Credit Income Fund during the third quarter valued at approximately $89,000. Virtu Financial LLC purchased a new stake in shares of Carlyle Credit Income Fund during the fourth quarter valued at approximately $74,000. Finally, XTX Topco Ltd acquired a new position in shares of Carlyle Credit Income Fund during the fourth quarter worth $83,000.

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.