B. Riley Issues Pessimistic Forecast for Carlyle Credit Income Fund (NYSE:CCIF) Stock Price

Carlyle Credit Income Fund (NYSE:CCIF) had its price objective reduced by stock analysts at B. Riley from $9.00 to $6.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley’s price target points to a potential upside of 23.08% from the company’s previous close.

A number of other research firms have also recently commented on CCIF. Zacks Research raised shares of Carlyle Credit Income Fund from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 29th. Industrial Alliance Securities set a $6.50 target price on Carlyle Credit Income Fund in a report on Thursday, October 2nd. Alliance Global Partners assumed coverage on Carlyle Credit Income Fund in a research report on Thursday, October 2nd. They set a “buy” rating for the company. Finally, Credit Suisse Group set a $6.00 target price on shares of Carlyle Credit Income Fund in a research note on Thursday.

Carlyle Credit Income Fund Price Performance

Shares of NYSE:CCIF traded up $0.03 during trading on Thursday, reaching $4.88. 57,991 shares of the company’s stock traded hands, compared to its average volume of 173,465. Carlyle Credit Income Fund has a fifty-two week low of $4.69 and a fifty-two week high of $8.31. The company has a 50-day simple moving average of $5.41 and a 200-day simple moving average of $5.88.

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

Institutional Trading of Carlyle Credit Income Fund

Hedge funds have recently modified their holdings of the stock. Bulldog Investors LLP purchased a new stake in Carlyle Credit Income Fund during the 3rd quarter worth about $1,911,000. J.W. Cole Advisors Inc. purchased a new stake in shares of Carlyle Credit Income Fund during the first quarter worth approximately $1,275,000. Arlington Capital Management Inc. acquired a new stake in Carlyle Credit Income Fund in the third quarter valued at approximately $278,000. Pasadena Private Wealth LLC acquired a new position in Carlyle Credit Income Fund during the 1st quarter worth approximately $139,000. Finally, Icon Advisers Inc. Co. purchased a new stake in shares of Carlyle Credit Income Fund in the 2nd quarter valued at approximately $124,000.

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.