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

Graypoint LLC increased its holdings in shares of Eagle Point Income Company Inc. (NYSE:EIC) by 19.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,136 shares of the company’s stock after acquiring 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 reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EIC. Webster Bank N. A. purchased a new stake in shares of Eagle Point Income during the third quarter valued at approximately $44,000. Main Street Financial Solutions LLC purchased a new stake in shares of Eagle Point Income during the second quarter valued at $160,000. Finally, Virtu Financial LLC purchased a new position in Eagle Point Income in the 3rd quarter worth about $216,000.

Eagle Point Income Price Performance

Shares of NYSE EIC traded up $0.11 during midday trading on Friday, hitting $16.38. 421,630 shares of the company’s stock traded hands, compared to its average volume of 273,859. The firm has a fifty day moving average of $15.74 and a 200 day moving average of $15.78. Eagle Point Income Company Inc. has a 1 year low of $14.78 and a 1 year high of $16.75.

Eagle Point Income Dividend Announcement

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

Analysts Set New Price Targets

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

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.