Short Interest in Carlyle Credit Income Fund (NYSE:CCIF) Rises By 99.4%

Carlyle Credit Income Fund (NYSE:CCIF) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 21,122 shares, a growth of 99.4% from the December 31st total of 10,594 shares. Based on an average daily trading volume, of 111,410 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 111,410 shares, the short-interest ratio is presently 0.2 days.

Carlyle Credit Income Fund Trading Down 2.4%

Carlyle Credit Income Fund stock traded down $0.11 during midday trading on Friday, reaching $4.53. 360,543 shares of the company’s stock were exchanged, compared to its average volume of 120,157. The stock’s 50-day simple moving average is $4.84 and its 200 day simple moving average is $5.31. Carlyle Credit Income Fund has a 52 week low of $4.47 and a 52 week high of $7.90.

Carlyle Credit Income Fund (NYSE:CCIF) last released its quarterly earnings data on Tuesday, November 18th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The firm had revenue of $7.74 million during the quarter, compared to the consensus estimate of $8.97 million.

Carlyle Credit Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be issued a dividend of $0.105 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a c) annualized dividend and a dividend yield of 27.8%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Credit Suisse Group set a $6.00 price objective on Carlyle Credit Income Fund in a report on Thursday, November 20th. Zacks Research raised Carlyle Credit Income Fund from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 29th. B. Riley cut their price target on shares of Carlyle Credit Income Fund from $9.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Industrial Alliance Securities set a $6.50 price objective on shares of Carlyle Credit Income Fund in a report on Thursday, October 2nd. Finally, Alliance Global Partners initiated coverage on shares of Carlyle Credit Income Fund in a research report on Thursday, October 2nd. They set a “buy” rating on the stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Wedbush Securities Inc. lifted its position in Carlyle Credit Income Fund by 38.7% during the third quarter. Wedbush Securities Inc. now owns 14,868 shares of the company’s stock worth $87,000 after acquiring an additional 4,150 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of Carlyle Credit Income Fund by 34.4% during the second quarter. Osaic Holdings Inc. now owns 17,135 shares of the company’s stock worth $111,000 after purchasing an additional 4,388 shares during the period. Citadel Advisors LLC acquired a new stake in Carlyle Credit Income Fund during the 3rd quarter worth approximately $89,000. Icon Advisers Inc. Co. bought a new stake in Carlyle Credit Income Fund in the 2nd quarter valued at $124,000. Finally, Melfa Wealth Management Inc. boosted its stake in Carlyle Credit Income Fund by 133.1% in the 4th quarter. Melfa Wealth Management Inc. now owns 52,974 shares of the company’s stock valued at $248,000 after purchasing an additional 30,250 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.