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

Eagle Point Income Company Inc. (NYSE:EIC) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 12,200 shares, a drop of 81.4% from the December 31st total of 65,600 shares. Based on an average daily volume of 212,900 shares, the short-interest ratio is presently 0.1 days.

Eagle Point Income Stock Performance

Shares of Eagle Point Income stock traded up $0.04 on Thursday, reaching $15.72. 140,154 shares of the stock were exchanged, compared to its average volume of 213,856. The firm’s 50 day moving average is $15.66 and its 200-day moving average is $15.76. Eagle Point Income has a one year low of $14.78 and a one year high of $16.75.

Eagle Point Income Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 14th will be paid a $0.20 dividend. The ex-dividend date is Monday, January 13th. This represents a dividend yield of 15.17%.

Analyst Upgrades and Downgrades

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

Institutional Trading of Eagle Point Income

Large investors have recently bought and sold shares of the business. Webster Bank N. A. acquired a new stake in shares of Eagle Point Income during the third quarter valued at about $44,000. Virtu Financial LLC acquired a new stake in Eagle Point Income during the 3rd quarter worth approximately $216,000. Finally, Graypoint LLC grew its holdings in Eagle Point Income by 4.0% during the 3rd quarter. Graypoint LLC now owns 165,323 shares of the company’s stock worth $2,665,000 after acquiring an additional 6,325 shares during the last quarter.

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.