Eagle Point Income Company Inc. $EIC Shares Sold by Naviter Wealth LLC

Naviter Wealth LLC lessened its holdings in Eagle Point Income Company Inc. (NYSE:EIC) by 10.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,500 shares of the company’s stock after selling 1,246 shares during the period. Naviter Wealth LLC’s holdings in Eagle Point Income were worth $144,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. N.E.W. Advisory Services LLC acquired a new position in shares of Eagle Point Income in the 1st quarter valued at $30,000. AdvisorNet Financial Inc lifted its stake in Eagle Point Income by 97.4% during the 2nd quarter. AdvisorNet Financial Inc now owns 3,322 shares of the company’s stock worth $45,000 after acquiring an additional 1,639 shares in the last quarter. Friedenthal Financial acquired a new position in Eagle Point Income during the 2nd quarter worth about $79,000. Wedbush Securities Inc. acquired a new position in Eagle Point Income during the 1st quarter worth about $166,000. Finally, Atria Wealth Solutions Inc. acquired a new position in Eagle Point Income during the 1st quarter worth about $170,000.

Analyst Ratings Changes

Several research firms recently issued reports on EIC. Zacks Research raised Eagle Point Income from a “strong sell” rating to a “hold” rating in a research note on Monday. LADENBURG THALM/SH SH raised Eagle Point Income to a “strong-buy” rating in a research note on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Eagle Point Income Stock Down 0.6%

EIC stock opened at $12.33 on Thursday. The business’s 50-day moving average is $13.18 and its two-hundred day moving average is $13.54. Eagle Point Income Company Inc. has a 1 year low of $12.10 and a 1 year high of $16.71.

Eagle Point Income (NYSE:EIC) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The business had revenue of $15.27 million during the quarter, compared to the consensus estimate of $14.40 million.

Eagle Point Income Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Monday, November 10th will be given a $0.13 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a c) dividend on an annualized basis and a yield of 12.7%.

Eagle Point Income Company Profile

About Eagle Point Income Company is a non-diversified,closed-end management investment company. The Company’s primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation, by investing primarily in junior debt tranches of CLOs. In addition, the Company may invest up to 20% of its total assets (at the time of investment) in CLO equity securities and related securities and instruments.