Carlyle Credit Income Fund (NYSE:CCIF) Short Interest Up 42.9% in August

by · The Cerbat Gem

Carlyle Credit Income Fund (NYSE:CCIF – Get Free Report) was the target of a large growth in short interest in August. As of August 15th, there was short interest totaling 88,600 shares, agrowthof42.9% from the July 31st total of 62,000 shares. Based on an average daily trading volume, of 184,000 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 184,000 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analyst Weigh In

CCIF has been the topic of a number of analyst reports. Zacks Research downgraded shares of Carlyle Credit Income Fund from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Oppenheimer reduced their price target on shares of Carlyle Credit Income Fund from $8.00 to $7.00 and set a “market perform” rating for the company in a research report on Friday, May 23rd.

Check Out Our Latest Stock Report on Carlyle Credit Income Fund

Insiders Place Their Bets

In other Carlyle Credit Income Fund news, Director Joan Y. Mccabe bought 15,822 shares of Carlyle Credit Income Fund stock in a transaction dated Friday, June 27th. The stock was bought at an average cost of $6.32 per share, with a total value of $99,995.04. Following the completion of the acquisition, the director directly owned 46,180 shares in the company, valued at approximately $291,857.60. The trade was a 52.12% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Nishil Mehta bought 16,650 shares of the company’s stock in a transaction dated Tuesday, June 24th. The shares were purchased at an average price of $6.02 per share, with a total value of $100,233.00. Following the completion of the acquisition, the insider owned 32,754 shares of the company’s stock, valued at $197,179.08. This trade represents a 103.39% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 40,370 shares of company stock valued at $250,222.

Hedge Funds Weigh In On Carlyle Credit Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of CCIF. Osaic Holdings Inc. boosted its position in Carlyle Credit Income Fund by 34.4% during the 2nd 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 in the last quarter. Cetera Investment Advisers raised its holdings in Carlyle Credit Income Fund by 9.5% during the first quarter. Cetera Investment Advisers now owns 103,385 shares of the company’s stock worth $699,000 after purchasing an additional 8,936 shares in the last quarter. Freestate Advisors LLC acquired a new position in shares of Carlyle Credit Income Fund in the 1st quarter valued at $70,000. Wedbush Securities Inc. purchased a new position in shares of Carlyle Credit Income Fund in the 2nd quarter valued at $69,000. Finally, Avantax Advisory Services Inc. acquired a new position in shares of Carlyle Credit Income Fund in the 1st quarter valued at about $84,000.

Carlyle Credit Income Fund Trading Down 1.1%

CCIF traded down $0.06 during trading on Monday, reaching $5.59. The company had a trading volume of 133,436 shares, compared to its average volume of 184,384. Carlyle Credit Income Fund has a 12-month low of $5.09 and a 12-month high of $8.60. The firm’s 50-day simple moving average is $5.89 and its 200 day simple moving average is $6.51.

Carlyle Credit Income Fund (NYSE:CCIF – Get Free Report) last announced its quarterly earnings results on Tuesday, August 19th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. The company had revenue of $8.61 million during the quarter, compared to the consensus estimate of $9.26 million.

Carlyle Credit Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st will be issued a $0.105 dividend. The ex-dividend date is Tuesday, October 21st. This represents a c) annualized dividend and a yield of 22.5%.

Carlyle Credit Income Fund Company Profile

(Get Free Report)

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.

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