Eagle Point Income Company Inc. (NYSE:EIC) Short Interest Down 55.7% in July

Eagle Point Income Company Inc. (NYSE:EIC) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 8,900 shares, a decline of 55.7% from the June 30th total of 20,100 shares. Based on an average daily volume of 125,400 shares, the short-interest ratio is currently 0.1 days.

Eagle Point Income Stock Performance

Shares of Eagle Point Income stock traded down $0.03 during trading on Friday, reaching $15.91. The company had a trading volume of 177,161 shares, compared to its average volume of 127,100. Eagle Point Income has a fifty-two week low of $13.27 and a fifty-two week high of $16.75. The firm’s fifty day moving average is $15.96 and its 200-day moving average is $15.84.

Eagle Point Income (NYSE:EIC) last announced its quarterly earnings data on Tuesday, May 21st. The company reported $0.56 earnings per share (EPS) for the quarter. The firm had revenue of $9.13 million for the quarter.

Eagle Point Income Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, August 30th. Investors of record on Monday, August 12th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, August 12th.

Hedge Funds Weigh In On Eagle Point Income

A number of hedge funds have recently added to or reduced their stakes in EIC. Principal Securities Inc. bought a new position in shares of Eagle Point Income in the 4th quarter worth about $446,000. Graypoint LLC grew its position in shares of Eagle Point Income by 3.9% during the 4th 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 last quarter. Finally, Virtu Financial LLC acquired a new stake in Eagle Point Income during the first quarter worth about $253,000.

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.