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

Eagle Point Income Company Inc. (NYSE:EIC) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 48,200 shares, a growth of 295.1% from the January 15th total of 12,200 shares. Based on an average daily trading volume, of 226,100 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Eagle Point Income

Hedge funds have recently bought and sold shares of the business. Virtu Financial LLC purchased a new position in Eagle Point Income in the third quarter worth $216,000. LPL Financial LLC increased its stake in shares of Eagle Point Income by 14.3% during the 4th quarter. LPL Financial LLC now owns 27,976 shares of the company’s stock worth $435,000 after purchasing an additional 3,504 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Eagle Point Income in the 4th quarter worth approximately $842,000. Principal Securities Inc. lifted its stake in Eagle Point Income by 5.3% in the fourth quarter. Principal Securities Inc. now owns 85,869 shares of the company’s stock valued at $1,334,000 after purchasing an additional 4,358 shares during the last quarter. Finally, Graypoint LLC grew its holdings in Eagle Point Income by 4.0% during the third quarter. Graypoint LLC now owns 165,323 shares of the company’s stock valued at $2,665,000 after purchasing an additional 6,325 shares during the period.

Eagle Point Income Stock Performance

Shares of EIC stock traded up $0.28 during mid-day trading on Wednesday, hitting $16.21. The company’s stock had a trading volume of 312,405 shares, compared to its average volume of 229,083. The company’s fifty day simple moving average is $15.71 and its 200-day simple moving average is $15.75. Eagle Point Income has a 52 week low of $14.78 and a 52 week high of $16.75.

Eagle Point Income Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 14th were given a dividend of $0.20 per share. This represents a dividend yield of 15.17%. The ex-dividend date of this dividend was Monday, January 13th.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. LADENBURG THALM/SH SH upgraded Eagle Point Income to a “strong-buy” rating in a research note on Thursday, January 16th. B. Riley raised shares of Eagle Point Income to a “strong-buy” rating in a research note on Tuesday, January 7th.

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.