Carlyle Credit Income Fund (NYSE:CCIF) Rating Lowered to Strong Sell at Zacks Research

Carlyle Credit Income Fund (NYSE:CCIF) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday, Zacks reports.

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

Carlyle Credit Income Fund Price Performance

Carlyle Credit Income Fund stock opened at $2.17 on Wednesday. Carlyle Credit Income Fund has a 52 week low of $1.97 and a 52 week high of $5.49. The stock has a fifty day moving average of $2.55 and a 200-day moving average of $2.88.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Tactive Advisors LLC bought a new position in Carlyle Credit Income Fund in the 3rd quarter valued at approximately $28,000. Advisory Solutions Group LLC acquired a new stake in Carlyle Credit Income Fund during the 2nd quarter worth approximately $113,000. Two Sigma Securities LLC acquired a new stake in Carlyle Credit Income Fund during the 2nd quarter worth approximately $29,000. Finally, Belpointe Asset Management LLC boosted its position in Carlyle Credit Income Fund by 10.9% during the 2nd quarter. Belpointe Asset Management LLC now owns 61,053 shares of the company’s stock worth $170,000 after buying an additional 6,000 shares during the period.

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.