Carlyle Credit Income Fund (NYSE:CCIF) Shares Down 2.2% – What’s Next?

Shares of Carlyle Credit Income Fund (NYSE:CCIF) fell 2.2% during trading on Thursday . The company traded as low as $6.55 and last traded at $6.60. 298,350 shares traded hands during mid-day trading, an increase of 129% from the average session volume of 130,498 shares. The stock had previously closed at $6.75.

Carlyle Credit Income Fund Trading Down 2.2 %

The company’s fifty day moving average is $7.02 and its 200 day moving average is $7.65.

Carlyle Credit Income Fund (NYSE:CCIF) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.14. The company had revenue of $8.27 million during the quarter, compared to the consensus estimate of $8.22 million.

Carlyle Credit Income Fund Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were issued a $0.105 dividend. This represents a dividend yield of 16.51%. The ex-dividend date was Wednesday, March 19th.

Institutional Trading of Carlyle Credit Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its stake in shares of Carlyle Credit Income Fund by 9.5% during the 1st quarter. Cetera Investment Advisers now owns 103,385 shares of the company’s stock worth $699,000 after purchasing an additional 8,936 shares during the last quarter. Avantax Advisory Services Inc. acquired a new position in Carlyle Credit Income Fund during the first quarter worth approximately $84,000. Pasadena Private Wealth LLC bought a new stake in Carlyle Credit Income Fund in the first quarter valued at approximately $139,000. J.W. Cole Advisors Inc. acquired a new stake in shares of Carlyle Credit Income Fund in the first quarter valued at approximately $1,275,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of Carlyle Credit Income Fund by 3.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 494,708 shares of the company’s stock worth $3,344,000 after acquiring an additional 16,609 shares during the period.

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.