Eagle Point Income Company Inc. (NYSE:EIC) Shares Sold by Bard Associates Inc.

Bard Associates Inc. cut its holdings in Eagle Point Income Company Inc. (NYSE:EIC) by 9.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 110,925 shares of the company’s stock after selling 12,150 shares during the quarter. Bard Associates Inc.’s holdings in Eagle Point Income were worth $1,724,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Principal Securities Inc. increased its holdings in shares of Eagle Point Income by 5.3% during the fourth quarter. Principal Securities Inc. now owns 85,869 shares of the company’s stock valued at $1,334,000 after acquiring an additional 4,358 shares in the last quarter. Graypoint LLC boosted its stake in Eagle Point Income by 19.2% in the 4th quarter. Graypoint LLC now owns 197,136 shares of the company’s stock worth $3,063,000 after purchasing an additional 31,813 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Eagle Point Income during the 3rd quarter worth approximately $216,000.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EIC. LADENBURG THALM/SH SH raised shares of Eagle Point Income to a “strong-buy” rating in a report on Thursday, January 16th. B. Riley upgraded Eagle Point Income to a “strong-buy” rating in a research note on Tuesday, January 7th.

Eagle Point Income Trading Down 0.8 %

Shares of NYSE EIC opened at $15.78 on Tuesday. Eagle Point Income Company Inc. has a 52 week low of $14.78 and a 52 week high of $16.75. The business’s 50 day moving average price is $15.80 and its 200 day moving average price is $15.78.

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

Eagle Point Income Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 15.21%.

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.