Eagle Point Credit Company Inc. (NYSE:ECC) Shares Acquired by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Eagle Point Credit Company Inc. (NYSE:ECCFree Report) by 5.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 96,127 shares of the investment management company’s stock after acquiring an additional 4,881 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Eagle Point Credit were worth $913,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Penserra Capital Management LLC acquired a new position in Eagle Point Credit during the third quarter worth about $14,629,000. Black Swift Group LLC raised its stake in shares of Eagle Point Credit by 970.9% in the 3rd quarter. Black Swift Group LLC now owns 972,370 shares of the investment management company’s stock valued at $96,000 after acquiring an additional 881,570 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in shares of Eagle Point Credit by 37.6% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 90,495 shares of the investment management company’s stock valued at $919,000 after acquiring an additional 24,717 shares during the period. Private Advisor Group LLC raised its stake in shares of Eagle Point Credit by 7.7% in the 4th quarter. Private Advisor Group LLC now owns 74,538 shares of the investment management company’s stock valued at $708,000 after acquiring an additional 5,355 shares during the period. Finally, Raymond James & Associates raised its stake in shares of Eagle Point Credit by 16.4% in the 4th quarter. Raymond James & Associates now owns 72,122 shares of the investment management company’s stock valued at $685,000 after acquiring an additional 10,150 shares during the period. 19.50% of the stock is currently owned by institutional investors and hedge funds.

Eagle Point Credit Price Performance

Eagle Point Credit stock opened at $10.27 on Thursday. Eagle Point Credit Company Inc. has a 1 year low of $8.60 and a 1 year high of $10.95. The company’s 50 day simple moving average is $10.10 and its 200-day simple moving average is $9.89. The company has a market capitalization of $790.28 million, a price-to-earnings ratio of 5.52 and a beta of 0.76. The company has a debt-to-equity ratio of 0.22, a quick ratio of 6.60 and a current ratio of 6.60.

Eagle Point Credit (NYSE:ECCGet Free Report) last announced its earnings results on Tuesday, May 21st. The investment management company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.06). Eagle Point Credit had a return on equity of 14.21% and a net margin of 88.90%. The business had revenue of $40.81 million for the quarter, compared to analysts’ expectations of $42.30 million. As a group, equities research analysts expect that Eagle Point Credit Company Inc. will post 1.39 earnings per share for the current year.

Eagle Point Credit Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be issued a dividend of $0.14 per share. This represents a $1.68 annualized dividend and a yield of 16.36%. The ex-dividend date is Tuesday, September 10th. Eagle Point Credit’s dividend payout ratio (DPR) is presently 90.32%.

Eagle Point Credit Profile

(Free Report)

Eagle Point Credit Company Inc is a closed ended fund launched and managed by Eagle Point Credit Management LLC. It invests in fixed income markets of the United States. The fund invests equity and junior debt tranches of collateralized loan obligations consisting primarily of below investment grade U.S.

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Institutional Ownership by Quarter for Eagle Point Credit (NYSE:ECC)

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