Carlyle Credit Income Fund (NYSE:CCIF) Stock Rating Lowered by Zacks Research

Carlyle Credit Income Fund (NYSE:CCIF) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday, Zacks reports.

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

Carlyle Credit Income Fund Price Performance

Carlyle Credit Income Fund stock opened at $2.17 on Wednesday. Carlyle Credit Income Fund has a 1-year low of $1.97 and a 1-year high of $5.49. The business has a fifty day moving average price of $2.55 and a 200-day moving average price of $2.88.

Carlyle Credit Income Fund (NYSE:CCIF) last announced its earnings results on Wednesday, August 19th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.03). The company had revenue of $4.31 million during the quarter, compared to the consensus estimate of $5.39 million.

Institutional Investors Weigh In On Carlyle Credit Income Fund

Large investors have recently bought and sold shares of the company. Two Sigma Securities LLC acquired a new stake in Carlyle Credit Income Fund during the 2nd quarter valued at approximately $29,000. Tactive Advisors LLC purchased a new stake in shares of Carlyle Credit Income Fund in the 3rd quarter valued at $28,000. Advisory Solutions Group LLC acquired a new stake in shares of Carlyle Credit Income Fund in the second quarter worth $113,000. Finally, Belpointe Asset Management LLC increased its stake in shares of 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 worth $170,000 after acquiring an additional 6,000 shares during the period.

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.