Carlyle Credit Income Fund (NYSE:CCIF) Rating Lowered to “Strong Sell” at Zacks Research

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

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

Carlyle Credit Income Fund Price Performance

Shares of CCIF opened at $2.17 on Wednesday. The company’s 50-day moving average is $2.55 and its 200-day moving average is $2.88. Carlyle Credit Income Fund has a fifty-two week low of $1.97 and a fifty-two week high of $5.49.

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

Institutional Investors Weigh In On Carlyle Credit Income Fund

A number of large investors have recently bought and sold shares of the company. Tactive Advisors LLC acquired a new position in shares of Carlyle Credit Income Fund in the 3rd quarter valued at approximately $28,000. Belpointe Asset Management LLC lifted its holdings in shares of Carlyle Credit Income Fund by 10.9% during the 2nd 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. Two Sigma Securities LLC bought a new stake in shares of Carlyle Credit Income Fund during the 2nd quarter worth approximately $29,000. Finally, Advisory Solutions Group LLC bought a new stake in shares of Carlyle Credit Income Fund during the 2nd quarter worth approximately $113,000.

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.