Carlyle Credit Income Fund (NYSE:CCIF) Trading Down 1% – Time to Sell?

Carlyle Credit Income Fund (NYSE:CCIF)’s share price was down 1% during mid-day trading on Monday . The stock traded as low as $7.89 and last traded at $7.92. Approximately 165,543 shares were traded during trading, an increase of 72% from the average daily volume of 96,040 shares. The stock had previously closed at $8.00.

Wall Street Analyst Weigh In

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

Carlyle Credit Income Fund Stock Down 1.0 %

The company has a 50 day moving average of $8.16 and a two-hundred day moving average of $8.28.

Carlyle Credit Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be paid a $0.105 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.26 annualized dividend and a dividend yield of 15.91%.

Insider Buying and Selling at Carlyle Credit Income Fund

In other news, Director Joan Y. Mccabe acquired 18,079 shares of Carlyle Credit Income Fund stock in a transaction that occurred on Wednesday, December 18th. The stock was bought at an average price of $8.02 per share, for a total transaction of $144,993.58. Following the completion of the transaction, the director now owns 30,358 shares in the company, valued at $243,471.16. The trade was a 147.24 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Investors Weigh In On Carlyle Credit Income Fund

A hedge fund recently raised its stake in Carlyle Credit Income Fund stock. HighTower Advisors LLC raised its holdings in shares of Carlyle Credit Income Fund (NYSE:CCIF) by 65.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,598 shares of the company’s stock after buying an additional 11,682 shares during the period. HighTower Advisors LLC’s holdings in Carlyle Credit Income Fund were worth $244,000 at the end of the most recent quarter.

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.