Carlyle Credit Income Fund (NYSE:CCIF) Stock Price Up 0.5% – Time to Buy?

Carlyle Credit Income Fund (NYSE:CCIF) shares rose 0.5% during mid-day trading on Thursday . The stock traded as high as $3.13 and last traded at $3.0850. Approximately 22,189 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 149,427 shares. The stock had previously closed at $3.07.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners reissued a “buy” rating on shares of Carlyle Credit Income Fund in a research note on Thursday, April 16th.

Carlyle Credit Income Fund Stock Performance

The stock’s 50 day moving average price is $3.25 and its two-hundred day moving average price is $3.87.

Carlyle Credit Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a c) dividend on an annualized basis and a dividend yield of 23.4%.

Insider Buying and Selling at Carlyle Credit Income Fund

In related news, Director Lauren Michelle Basmadjian purchased 16,000 shares of the stock in a transaction dated Monday, March 16th. The shares were acquired at an average cost of $3.22 per share, with a total value of $51,520.00. Following the purchase, the director directly owned 37,448 shares in the company, valued at $120,582.56. This trade represents a 74.60% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Hedge Funds Weigh In On Carlyle Credit Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in CCIF. Bulldog Investors LLP acquired a new position in shares of Carlyle Credit Income Fund during the 3rd quarter worth $1,911,000. Thomas J. Herzfeld Advisors Inc. grew its stake in shares of Carlyle Credit Income Fund by 497.1% during the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 201,113 shares of the company’s stock worth $943,000 after purchasing an additional 167,429 shares during the period. Almitas Capital LLC purchased a new stake in shares of Carlyle Credit Income Fund in the 4th quarter worth about $738,000. Eagle Point Credit Management LLC purchased a new stake in shares of Carlyle Credit Income Fund in the 4th quarter worth about $729,000. Finally, GatePass Capital LLC purchased a new stake in shares of Carlyle Credit Income Fund in the 4th quarter worth about $321,000.

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.