Carlyle Credit Income Fund (NYSE:CCIF) Announces Earnings Results

Carlyle Credit Income Fund (NYSE:CCIF) posted its earnings results on Wednesday. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.14, Zacks reports. The firm had revenue of $8.27 million during the quarter, compared to the consensus estimate of $8.22 million.

Carlyle Credit Income Fund Stock Performance

Shares of NYSE:CCIF traded up $0.04 during trading on Friday, hitting $7.66. 33,650 shares of the company’s stock were exchanged, compared to its average volume of 153,256. Carlyle Credit Income Fund has a 52-week low of $7.54 and a 52-week high of $8.80. The business’s 50-day simple moving average is $7.82 and its 200 day simple moving average is $8.14.

Carlyle Credit Income Fund Dividend Announcement

The firm also recently announced a — dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be given a dividend of $0.105 per share. This represents a dividend yield of 16.5%. The ex-dividend date is Monday, May 19th.

Insider Buying and Selling

In other news, Director Joan Y. Mccabe purchased 18,079 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was acquired at an average price of $8.02 per share, for a total transaction of $144,993.58. Following the acquisition, the director now directly owns 30,358 shares of the company’s stock, valued at $243,471.16. This represents a 147.24 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Analyst Ratings Changes

Separately, Oppenheimer assumed 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 objective on the stock.

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.