Carlyle Credit Income Fund (NYSE:CCIF) Issues Earnings Results

Carlyle Credit Income Fund (NYSE:CCIF) announced its quarterly earnings results on Tuesday. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.06), Zacks reports.

Carlyle Credit Income Fund Price Performance

Carlyle Credit Income Fund stock traded down $0.11 during trading on Tuesday, reaching $4.79. The company had a trading volume of 222,455 shares, compared to its average volume of 174,007. The firm’s 50-day simple moving average is $5.44 and its 200 day simple moving average is $5.90. Carlyle Credit Income Fund has a 52 week low of $4.76 and a 52 week high of $8.31.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC purchased a new position in shares of Carlyle Credit Income Fund during the 3rd quarter valued at $89,000. Osaic Holdings Inc. raised 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 acquiring an additional 4,388 shares during the period. Finally, Arlington Capital Management Inc. purchased a new position in shares of Carlyle Credit Income Fund in the third quarter valued at about $278,000.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Industrial Alliance Securities set a $6.50 price objective on shares of Carlyle Credit Income Fund in a report on Thursday, October 2nd. Alliance Global Partners began coverage on Carlyle Credit Income Fund in a research note on Thursday, October 2nd. They issued a “buy” rating on the stock. Finally, Zacks Research upgraded Carlyle Credit Income Fund from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 29th.

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.