Graypoint LLC lifted its stake in Eagle Point Income Company Inc. (NYSE:EIC – Free Report) by 4.0% during the third quarter, Holdings Channel reports. The fund owned 165,323 shares of the company’s stock after acquiring an additional 6,325 shares during the quarter. Graypoint LLC’s holdings in Eagle Point Income were worth $2,665,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EIC. Webster Bank N. A. acquired a new stake in shares of Eagle Point Income in the third quarter worth $44,000. Main Street Financial Solutions LLC acquired a new position in shares of Eagle Point Income during the 2nd quarter worth about $160,000. Finally, Virtu Financial LLC bought a new stake in Eagle Point Income during the 1st quarter valued at approximately $253,000.
Eagle Point Income Trading Up 1.3 %
NYSE:EIC opened at $16.35 on Thursday. Eagle Point Income Company Inc. has a one year low of $14.05 and a one year high of $16.75. The company has a fifty day moving average price of $15.87 and a 200 day moving average price of $15.83.
Analyst Ratings Changes
Separately, B. Riley assumed coverage on Eagle Point Income in a research report on Tuesday, September 3rd. They issued a “buy” rating and a $17.50 price target on the stock.
Check Out Our Latest Analysis on Eagle Point Income
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.
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Want to see what other hedge funds are holding EIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eagle Point Income Company Inc. (NYSE:EIC – Free Report).
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