Eagle Point Income Company Inc. (NYSE:EIC) Short Interest Update

Eagle Point Income Company Inc. (NYSE:EIC) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 27,800 shares, a growth of 95.8% from the September 30th total of 14,200 shares. Based on an average trading volume of 189,400 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, B. Riley assumed coverage on shares of Eagle Point Income in a report on Tuesday, September 3rd. They set a “buy” rating and a $17.50 target price on the stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EIC. Graypoint LLC increased its holdings in shares of Eagle Point Income by 2.7% in the first quarter. Graypoint LLC now owns 152,963 shares of the company’s stock worth $2,547,000 after purchasing an additional 4,048 shares during the period. Virtu Financial LLC bought a new position in shares of Eagle Point Income in the first quarter worth $253,000. Main Street Financial Solutions LLC bought a new position in shares of Eagle Point Income in the second quarter worth $160,000. Finally, Webster Bank N. A. purchased a new position in Eagle Point Income in the third quarter worth $44,000.

Eagle Point Income Trading Down 1.4 %

EIC stock traded down $0.23 during midday trading on Monday, reaching $15.85. 187,399 shares of the company’s stock traded hands, compared to its average volume of 146,431. The company has a 50-day moving average price of $15.79 and a two-hundred day moving average price of $15.83. Eagle Point Income has a 52 week low of $13.77 and a 52 week high of $16.75.

Eagle Point Income (NYSE:EIC) last issued its earnings results on Tuesday, August 6th. The company reported $0.44 earnings per share (EPS) for the quarter. The business had revenue of $10.92 million for the quarter.

Eagle Point Income Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, November 29th. Stockholders of record on Tuesday, November 12th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, November 12th.

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.