LADENBURG THALM/SH SH Upgrades Eagle Point Income (NYSE:EIC) to “Strong-Buy”

Eagle Point Income (NYSE:EIC) was upgraded by LADENBURG THALM/SH SH to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

Separately, B. Riley raised Eagle Point Income to a “strong-buy” rating in a research note on Tuesday, January 7th.

Eagle Point Income Stock Performance

Shares of NYSE:EIC opened at $15.71 on Thursday. Eagle Point Income has a 12 month low of $14.78 and a 12 month high of $16.75. The company’s fifty day simple moving average is $15.70 and its 200 day simple moving average is $15.79.

Institutional Trading of Eagle Point Income

A number of institutional investors have recently made changes to their positions in the business. Graypoint LLC grew its holdings in shares of Eagle Point Income by 19.2% in the 4th quarter. Graypoint LLC now owns 197,136 shares of the company’s stock valued at $3,063,000 after acquiring an additional 31,813 shares in the last quarter. Virtu Financial LLC bought a new stake in Eagle Point Income during the third quarter worth about $216,000. Finally, Webster Bank N. A. acquired a new position in Eagle Point Income during the third quarter valued at approximately $44,000.

About Eagle Point Income

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.