B. Riley Has Pessimistic Outlook of CCIF FY2025 Earnings

Carlyle Credit Income Fund (NYSE:CCIF) – Equities research analysts at B. Riley dropped their FY2025 EPS estimates for Carlyle Credit Income Fund in a research report issued on Thursday, August 21st. B. Riley analyst R. Binner now expects that the company will post earnings per share of $0.90 for the year, down from their previous forecast of $1.05. B. Riley also issued estimates for Carlyle Credit Income Fund’s FY2026 earnings at $1.05 EPS.

CCIF has been the subject of several other reports. Zacks Research cut Carlyle Credit Income Fund from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Oppenheimer cut their price target on Carlyle Credit Income Fund from $8.00 to $7.00 and set a “market perform” rating for the company in a research note on Friday, May 23rd.

Carlyle Credit Income Fund Trading Up 0.9%

CCIF stock opened at $5.68 on Monday. The firm has a 50 day moving average of $5.96 and a 200-day moving average of $6.64. Carlyle Credit Income Fund has a 12-month low of $5.09 and a 12-month high of $8.79.

Carlyle Credit Income Fund (NYSE:CCIF) last posted its quarterly earnings results on Tuesday, August 19th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. The company had revenue of $8.61 million for the quarter, compared to analyst estimates of $9.26 million.

Hedge Funds Weigh In On Carlyle Credit Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of CCIF. LPL Financial LLC acquired a new position in Carlyle Credit Income Fund during the fourth quarter worth approximately $82,000. Virtus ETF Advisers LLC increased its holdings in shares of Carlyle Credit Income Fund by 26.5% during the 4th quarter. Virtus ETF Advisers LLC now owns 125,323 shares of the company’s stock worth $995,000 after buying an additional 26,224 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Carlyle Credit Income Fund during the 4th quarter worth $192,000. Freestate Advisors LLC acquired a new stake in shares of Carlyle Credit Income Fund during the 1st quarter worth $70,000. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in shares of Carlyle Credit Income Fund by 3.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 494,708 shares of the company’s stock worth $3,344,000 after buying an additional 16,609 shares during the last quarter.

Insider Activity at Carlyle Credit Income Fund

In related news, insider Nishil Mehta acquired 16,650 shares of the company’s stock in a transaction dated Tuesday, June 24th. The stock was bought at an average price of $6.02 per share, with a total value of $100,233.00. Following the purchase, the insider directly owned 32,754 shares in the company, valued at $197,179.08. The trade was a 103.39% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lauren Michelle Basmadjian acquired 7,898 shares of the company’s stock in a transaction dated Friday, June 27th. The shares were bought at an average cost of $6.33 per share, with a total value of $49,994.34. Following the purchase, the director owned 21,448 shares in the company, valued at approximately $135,765.84. The trade was a 58.29% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 40,370 shares of company stock worth $250,222.

Carlyle Credit Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Monday, November 17th will be paid a $0.105 dividend. This represents a c) annualized dividend and a yield of 22.2%. The ex-dividend date is Monday, November 17th.

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.