Carlyle Credit Income Fund (CCIF) Projected to Post Quarterly Earnings on Wednesday

Carlyle Credit Income Fund (NYSE:CCIF) is projected to issue its quarterly earnings data after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.30 per share and revenue of $8.22 million for the quarter.

Carlyle Credit Income Fund Price Performance

Shares of CCIF opened at $7.64 on Tuesday. The business’s 50-day moving average price is $7.85 and its 200 day moving average price is $8.15. Carlyle Credit Income Fund has a 1-year low of $7.57 and a 1-year high of $8.80.

Insider Buying and Selling at Carlyle Credit Income Fund

In other Carlyle Credit Income Fund news, Director Joan Y. Mccabe bought 18,079 shares of the stock in a transaction on Wednesday, December 18th. The shares were bought at an average price of $8.02 per share, with a total value of $144,993.58. Following the purchase, the director now directly owns 30,358 shares in the company, valued at $243,471.16. The trade was a 147.24 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Analysts Set New Price Targets

Separately, Oppenheimer initiated coverage on Carlyle Credit Income Fund in a research note on Monday, December 9th. They issued a “market perform” rating and a $8.00 price target on the stock.

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.