Carlyle Credit Income Fund (NYSE:CCIF) Upgraded at Zacks Research

Zacks Research upgraded shares of Carlyle Credit Income Fund (NYSE:CCIF) from a strong sell rating to a hold rating in a research note released on Thursday morning,Zacks reports.

Separately, Credit Suisse Group set a $3.50 target price on Carlyle Credit Income Fund in a report on Friday, August 21st.

Carlyle Credit Income Fund Stock Performance

CCIF traded up $0.07 during trading hours on Thursday, hitting $1.69. 181,061 shares of the stock were exchanged, compared to its average volume of 141,918. The stock has a 50-day simple moving average of $2.17 and a 200-day simple moving average of $2.91. Carlyle Credit Income Fund has a 12 month low of $1.52 and a 12 month high of $5.33.

Carlyle Credit Income Fund (NYSE:CCIF) last issued its earnings results on Wednesday, August 19th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). The business had revenue of $4.31 million for the quarter, compared to the consensus estimate of $5.39 million.

Carlyle Credit Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Tuesday, November 17th will be issued a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 42.7%. The ex-dividend date of this dividend is Tuesday, November 17th.

Institutional Investors Weigh In On Carlyle Credit Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Belpointe Asset Management LLC raised its stake in shares of Carlyle Credit Income Fund by 10.9% during the second quarter. Belpointe Asset Management LLC now owns 61,053 shares of the company’s stock valued at $170,000 after purchasing an additional 6,000 shares in the last quarter. Advisory Solutions Group LLC bought a new position in Carlyle Credit Income Fund in the 2nd quarter valued at about $113,000. Two Sigma Securities LLC bought a new position in Carlyle Credit Income Fund in the 2nd quarter valued at about $29,000. StoneX Group Inc. bought a new position in Carlyle Credit Income Fund in the 3rd quarter valued at about $29,000. Finally, Tactive Advisors LLC acquired a new position in Carlyle Credit Income Fund during the 3rd quarter valued at about $28,000.

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.