Eagle Point Credit Company Inc. (NYSE:ECC) Shares Purchased by Raymond James & Associates

Raymond James & Associates grew its holdings in shares of Eagle Point Credit Company Inc. (NYSE:ECC) by 16.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,122 shares of the investment management company’s stock after buying an additional 10,150 shares during the quarter. Raymond James & Associates owned 0.13% of Eagle Point Credit worth $685,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ECC. B. Riley Wealth Advisors Inc. increased its stake in Eagle Point Credit by 37.6% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 90,495 shares of the investment management company’s stock worth $919,000 after buying an additional 24,717 shares during the period. Penserra Capital Management LLC purchased a new stake in shares of Eagle Point Credit during the third quarter worth about $14,629,000. Samalin Investment Counsel LLC lifted its stake in shares of Eagle Point Credit by 35.2% in the third quarter. Samalin Investment Counsel LLC now owns 23,591 shares of the investment management company’s stock worth $239,000 after acquiring an additional 6,139 shares in the last quarter. Kestra Advisory Services LLC lifted its position in shares of Eagle Point Credit by 7.8% during the third quarter. Kestra Advisory Services LLC now owns 28,478 shares of the investment management company’s stock worth $289,000 after purchasing an additional 2,062 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its holdings in shares of Eagle Point Credit by 47.1% in the 3rd quarter. Atomi Financial Group Inc. now owns 15,456 shares of the investment management company’s stock valued at $157,000 after buying an additional 4,947 shares during the period. Institutional investors and hedge funds own 19.50% of the company’s stock.

Eagle Point Credit Stock Performance

ECC opened at $10.03 on Thursday. Eagle Point Credit Company Inc. has a twelve month low of $8.60 and a twelve month high of $11.79. The stock has a market cap of $771.40 million, a PE ratio of 5.63 and a beta of 0.77. The business’s 50 day moving average is $10.06 and its 200-day moving average is $9.79. The company has a current ratio of 6.60, a quick ratio of 6.60 and a debt-to-equity ratio of 0.22.

Eagle Point Credit (NYSE:ECC) last released its quarterly earnings results on Thursday, February 22nd. The investment management company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.05). Eagle Point Credit had a return on equity of 14.27% and a net margin of 84.05%. The company had revenue of $39.39 million for the quarter, compared to the consensus estimate of $39.10 million. During the same quarter last year, the firm posted $0.29 earnings per share. On average, analysts predict that Eagle Point Credit Company Inc. will post 1.39 earnings per share for the current year.

Eagle Point Credit Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.68 annualized dividend and a dividend yield of 16.76%. Eagle Point Credit’s dividend payout ratio is currently 94.38%.

Eagle Point Credit Company Profile

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.