Susquehanna International Group LLP Makes New Investment in Eagle Point Income Company Inc. $EIC

Susquehanna International Group LLP acquired a new stake in shares of Eagle Point Income Company Inc. (NYSE:EIC) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 62,599 shares of the company’s stock, valued at approximately $630,000.

Other hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC increased its stake in Eagle Point Income by 63.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,735 shares of the company’s stock valued at $31,000 after acquiring an additional 1,064 shares during the period. TCTC Holdings LLC lifted its position in shares of Eagle Point Income by 38.5% in the 4th quarter. TCTC Holdings LLC now owns 3,600 shares of the company’s stock worth $41,000 after acquiring an additional 1,000 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Eagle Point Income during the 3rd quarter worth approximately $89,000. Evolve Private Wealth LLC acquired a new stake in shares of Eagle Point Income during the 4th quarter worth approximately $122,000. Finally, Astoria Portfolio Advisors LLC. increased its position in shares of Eagle Point Income by 17.6% during the fourth quarter. Astoria Portfolio Advisors LLC. now owns 12,092 shares of the company’s stock valued at $138,000 after purchasing an additional 1,807 shares during the period.

Analyst Ratings Changes

Separately, Zacks Research upgraded Eagle Point Income from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $11.25.

Eagle Point Income Trading Down 0.5%

Eagle Point Income stock opened at $9.98 on Tuesday. The stock has a fifty day moving average price of $10.05 and a two-hundred day moving average price of $10.04. Eagle Point Income Company Inc. has a 52-week low of $9.17 and a 52-week high of $13.92.

Eagle Point Income (NYSE:EIC) last posted its earnings results on Thursday, August 13th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.04. The firm had revenue of ($3.11) million during the quarter, compared to the consensus estimate of $12.15 million.

Eagle Point Income Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Friday, December 11th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a c) annualized dividend and a dividend yield of 13.2%.

Eagle Point Income Profile

Eagle Point Income Company (NYSE: EIC) is a closed-end management investment company that primarily invests in the equity and junior debt tranches of collateralized loan obligations (CLOs). Launched in 2019 and domiciled in Maryland, the company seeks to provide shareholders with high current income and the potential for capital appreciation by focusing on structured credit opportunities. Eagle Point Income maintains a diversified portfolio of CLO equity positions, targeting both seasoned and newly issued transactions across multiple risk profiles.

The company’s investment strategy centers on identifying mispriced or underfollowed CLO tranches, where it believes its team’s deep industry expertise can add value.