54,153 Shares in Eagle Point Income Company Inc. (NYSE:EIC) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in Eagle Point Income Company Inc. (NYSE:EIC) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 54,153 shares of the company’s stock, valued at approximately $842,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Principal Securities Inc. lifted its position in shares of Eagle Point Income by 5.3% in the fourth quarter. Principal Securities Inc. now owns 85,869 shares of the company’s stock worth $1,334,000 after buying an additional 4,358 shares in the last quarter. Graypoint LLC raised its holdings in shares of Eagle Point Income by 19.2% during the 4th quarter. Graypoint LLC now owns 197,136 shares of the company’s stock worth $3,063,000 after acquiring an additional 31,813 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Eagle Point Income during the 3rd quarter valued at approximately $216,000.

Analyst Ratings Changes

EIC has been the topic of a number of recent research reports. B. Riley raised shares of Eagle Point Income to a “strong-buy” rating in a research note on Tuesday, January 7th. LADENBURG THALM/SH SH raised shares of Eagle Point Income to a “strong-buy” rating in a report on Thursday, January 16th.

Eagle Point Income Price Performance

Shares of NYSE:EIC opened at $14.06 on Friday. The business’s 50 day moving average is $15.54 and its 200 day moving average is $15.73. Eagle Point Income Company Inc. has a 52-week low of $13.61 and a 52-week high of $16.71.

Eagle Point Income (NYSE:EIC) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.08). The firm had revenue of $13.67 million for the quarter, compared to analysts’ expectations of $13.54 million.

Eagle Point Income Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, April 10th.

Eagle Point Income Profile

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.