Carlyle Credit Income Fund (CCIF) Projected to Post Quarterly Earnings on Wednesday

Carlyle Credit Income Fund (NYSE:CCIF) is anticipated to issue its quarterly earnings data after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.30 per share and revenue of $8.22 million for the quarter.

Carlyle Credit Income Fund Stock Performance

Shares of NYSE CCIF opened at $7.64 on Tuesday. Carlyle Credit Income Fund has a fifty-two week low of $7.57 and a fifty-two week high of $8.80. The firm’s 50-day simple moving average is $7.85 and its 200 day simple moving average is $8.15.

Analysts Set New Price Targets

Separately, Oppenheimer initiated coverage on shares of Carlyle Credit Income Fund in a research note on Monday, December 9th. They set a “market perform” rating and a $8.00 price objective on the stock.

Insider Activity at Carlyle Credit Income Fund

In other news, Director Joan Y. Mccabe bought 18,079 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were purchased at an average cost of $8.02 per share, with a total value of $144,993.58. Following the completion of the acquisition, the director now directly owns 30,358 shares in the company, valued at approximately $243,471.16. The trade was a 147.24 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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.