Carlyle Credit Income Fund (NYSE:CCIF) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Carlyle Credit Income Fund (NYSE:CCIF) released its quarterly earnings results on Wednesday. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03), Zacks reports. The company had revenue of $4.31 million for the quarter, compared to the consensus estimate of $5.39 million.

Carlyle Credit Income Fund Stock Down 0.4%

Shares of Carlyle Credit Income Fund stock opened at $2.74 on Friday. Carlyle Credit Income Fund has a 1 year low of $2.57 and a 1 year high of $5.95. The stock has a fifty day moving average price of $2.81 and a 200-day moving average price of $3.17.

Carlyle Credit Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Tuesday, November 17th will be paid a $0.06 dividend. This represents a c) dividend on an annualized basis and a yield of 26.3%. The ex-dividend date is Tuesday, November 17th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCIF. Virtu Financial LLC purchased a new stake in shares of Carlyle Credit Income Fund during the 4th quarter worth approximately $74,000. XTX Topco Ltd purchased a new position in Carlyle Credit Income Fund in the fourth quarter valued at approximately $83,000. Citadel Advisors LLC purchased a new position in Carlyle Credit Income Fund in the third quarter valued at approximately $89,000. Osaic Holdings Inc. grew its holdings in Carlyle Credit Income Fund by 34.4% during the second quarter. Osaic Holdings Inc. now owns 17,135 shares of the company’s stock valued at $111,000 after purchasing an additional 4,388 shares during the period. Finally, Kovack Advisors Inc. bought a new position in Carlyle Credit Income Fund during the fourth quarter valued at $126,000.

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.