Virtu Financial LLC Takes $216,000 Position in Eagle Point Income Company Inc. (NYSE:EIC)

Virtu Financial LLC acquired a new position in shares of Eagle Point Income Company Inc. (NYSE:EIC) in the 3rd quarter, Holdings Channel reports. The fund acquired 13,411 shares of the company’s stock, valued at approximately $216,000.

Several other institutional investors also recently modified their holdings of the stock. Graypoint LLC grew its stake in Eagle Point Income by 4.0% in the 3rd quarter. Graypoint LLC now owns 165,323 shares of the company’s stock worth $2,665,000 after buying an additional 6,325 shares in the last quarter. Webster Bank N. A. bought a new stake in shares of Eagle Point Income during the 3rd quarter worth $44,000. Finally, Main Street Financial Solutions LLC bought a new position in Eagle Point Income in the second quarter valued at $160,000.

Eagle Point Income Stock Down 0.3 %

Shares of Eagle Point Income stock opened at $15.18 on Thursday. Eagle Point Income Company Inc. has a 52-week low of $14.18 and a 52-week high of $16.75. The company has a fifty day moving average of $15.84 and a 200-day moving average of $15.80.

Eagle Point Income Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 13th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, January 13th.

Wall Street Analysts Forecast Growth

Separately, B. Riley assumed coverage on Eagle Point Income in a report on Tuesday, September 3rd. They issued a “buy” rating and a $17.50 price objective for the company.

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.