Carlyle Credit Income Fund (NYSE:CCIF) Downgraded by Zacks Research to “Strong Sell”

Zacks Research lowered shares of Carlyle Credit Income Fund (NYSE:CCIF) from a hold rating to a strong sell rating in a report published on Wednesday morning,Zacks reports.

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

Carlyle Credit Income Fund Trading Up 5.0%

Shares of CCIF stock opened at $2.17 on Wednesday. Carlyle Credit Income Fund has a 12 month low of $1.97 and a 12 month high of $5.49. The stock has a 50 day moving average of $2.55 and a 200-day moving average of $2.88.

Carlyle Credit Income Fund (NYSE:CCIF) last posted 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 firm had revenue of $4.31 million during the quarter, compared to the consensus estimate of $5.39 million.

Carlyle Credit Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Tuesday, November 17th will be paid a dividend of $0.06 per share. The ex-dividend date is Tuesday, November 17th. This represents a $0.72 dividend on an annualized basis and a yield of 33.1%.

Institutional Investors Weigh In On Carlyle Credit Income Fund

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