Graypoint LLC Buys 31,813 Shares of Eagle Point Income Company Inc. (NYSE:EIC)

Graypoint LLC raised its holdings in Eagle Point Income Company Inc. (NYSE:EIC) by 19.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 197,136 shares of the company’s stock after buying an additional 31,813 shares during the period. Graypoint LLC’s holdings in Eagle Point Income were worth $3,063,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Webster Bank N. A. purchased a new position in shares of Eagle Point Income in the 3rd quarter valued at $44,000. Main Street Financial Solutions LLC purchased a new stake in Eagle Point Income during the 2nd quarter valued at about $160,000. Finally, Virtu Financial LLC acquired a new stake in shares of Eagle Point Income in the third quarter worth $216,000.

Eagle Point Income Price Performance

NYSE EIC traded up $0.11 on Friday, hitting $16.38. The company had a trading volume of 421,630 shares, compared to its average volume of 273,859. The company’s fifty day moving average price is $15.74 and its 200-day moving average price is $15.78. Eagle Point Income Company Inc. has a 12-month low of $14.78 and a 12-month high of $16.75.

Eagle Point Income Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, B. Riley upgraded Eagle Point Income to a “strong-buy” rating in a research report on Tuesday.

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.