Bard Associates Inc. Sells 12,150 Shares of Eagle Point Income Company Inc. (NYSE:EIC)

Bard Associates Inc. trimmed its holdings in shares of Eagle Point Income Company Inc. (NYSE:EIC) by 9.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 110,925 shares of the company’s stock after selling 12,150 shares during the quarter. Bard Associates Inc.’s holdings in Eagle Point Income were worth $1,724,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Principal Securities Inc. boosted its holdings in shares of 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 period. Graypoint LLC raised its position in Eagle Point Income by 19.2% during the 4th quarter. Graypoint LLC now owns 197,136 shares of the company’s stock valued at $3,063,000 after purchasing an additional 31,813 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Eagle Point Income in the 3rd quarter worth $216,000.

Eagle Point Income Stock Performance

Eagle Point Income stock opened at $15.78 on Tuesday. The business has a fifty day moving average of $15.80 and a two-hundred day moving average of $15.78. Eagle Point Income Company Inc. has a twelve month low of $14.78 and a twelve month high of $16.75.

Eagle Point Income (NYSE:EIC) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.08). The company had revenue of $13.67 million during the quarter, compared to analysts’ expectations of $13.54 million.

Eagle Point Income Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a $0.20 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 15.21%. The ex-dividend date of this dividend is Tuesday, June 10th.

Analyst Upgrades and Downgrades

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

Eagle Point Income 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.