Eagle Point Income Company Inc. (NYSE:EIC) Short Interest Up 894.7% in April

Eagle Point Income Company Inc. (NYSE:EIC) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 132,300 shares, a growth of 894.7% from the March 31st total of 13,300 shares. Based on an average trading volume of 129,000 shares, the short-interest ratio is currently 1.0 days.

Institutional Investors Weigh In On Eagle Point Income

Several large investors have recently added to or reduced their stakes in the business. Graypoint LLC boosted its stake in Eagle Point Income by 3.9% during the fourth quarter. Graypoint LLC now owns 148,915 shares of the company’s stock valued at $2,170,000 after buying an additional 5,541 shares during the period. Pinnacle Wealth Planning Services Inc. bought a new stake in Eagle Point Income during the third quarter valued at $242,000. Finally, Principal Securities Inc. bought a new stake in Eagle Point Income during the fourth quarter valued at $446,000.

Eagle Point Income Stock Down 0.5 %

Eagle Point Income stock opened at $15.38 on Friday. Eagle Point Income has a one year low of $13.00 and a one year high of $16.75. The business has a fifty day moving average price of $15.91 and a 200-day moving average price of $15.09.

Eagle Point Income (NYSE:EIC) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.54 EPS for the quarter. The company had revenue of $8.52 million during the quarter.

Eagle Point Income Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 13th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, May 10th.

Eagle Point Income Company Profile

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.