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

Eagle Point Income Company Inc. (NYSE:EIC) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 36,300 shares, an increase of 30.6% from the October 15th total of 27,800 shares. Based on an average daily trading volume, of 179,800 shares, the short-interest ratio is currently 0.2 days.

Eagle Point Income Stock Performance

NYSE EIC opened at $15.88 on Friday. Eagle Point Income has a fifty-two week low of $14.15 and a fifty-two week high of $16.75. The stock’s 50-day moving average is $15.97 and its two-hundred day moving average is $15.87.

Eagle Point Income Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 15.11%.

Analyst Ratings Changes

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

Institutional Trading of Eagle Point Income

A number of institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC bought a new stake in shares of Eagle Point Income in the 1st quarter valued at approximately $253,000. Main Street Financial Solutions LLC bought a new position in Eagle Point Income in the second quarter valued at about $160,000. Graypoint LLC lifted its stake in Eagle Point Income by 4.0% in the third quarter. Graypoint LLC now owns 165,323 shares of the company’s stock valued at $2,665,000 after buying an additional 6,325 shares during the period. Finally, Webster Bank N. A. acquired a new stake in shares of Eagle Point Income during the third quarter worth about $44,000.

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.