Eagle Point Income Company Inc. (NYSE:EIC) Short Interest Down 34.2% in December

Eagle Point Income Company Inc. (NYSE:EIC) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 37,700 shares, a decline of 34.2% from the November 30th total of 57,300 shares. Based on an average daily volume of 202,300 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Separately, B. Riley assumed coverage on Eagle Point Income in a research report on Tuesday, September 3rd. They issued a “buy” rating and a $17.50 target price for the company.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of EIC. Graypoint LLC boosted its stake in shares of Eagle Point Income by 3.9% during the second quarter. Graypoint LLC now owns 158,998 shares of the company’s stock worth $2,512,000 after buying an additional 6,035 shares during the period. Main Street Financial Solutions LLC purchased a new stake in Eagle Point Income during the 2nd quarter valued at approximately $160,000. Webster Bank N. A. purchased a new stake in Eagle Point Income during the 3rd quarter valued at approximately $44,000. Finally, Virtu Financial LLC acquired a new stake in Eagle Point Income during the 3rd quarter worth approximately $216,000.

Eagle Point Income Price Performance

EIC stock opened at $15.41 on Monday. The business has a 50 day simple moving average of $15.75 and a 200-day simple moving average of $15.77. Eagle Point Income has a twelve month low of $14.48 and a twelve month high of $16.75.

Eagle Point Income Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 13th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, January 13th.

About Eagle Point Income

About Eagle Point Income Company is a non-diversified,closed-end management investment company. The Company’s primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation, by investing primarily in junior debt tranches of CLOs. In addition, the Company may invest up to 20% of its total assets (at the time of investment) in CLO equity securities and related securities and instruments.