Sage Capital Advisors llc Sells 11,188 Shares of Eagle Point Credit Company Inc. (NYSE:ECC)

Sage Capital Advisors llc lessened its holdings in shares of Eagle Point Credit Company Inc. (NYSE:ECC) by 22.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,735 shares of the investment management company’s stock after selling 11,188 shares during the quarter. Sage Capital Advisors llc’s holdings in Eagle Point Credit were worth $335,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. PFG Investments LLC boosted its holdings in Eagle Point Credit by 42.9% in the 3rd quarter. PFG Investments LLC now owns 553,506 shares of the investment management company’s stock worth $5,458,000 after buying an additional 166,108 shares during the period. International Assets Investment Management LLC purchased a new stake in Eagle Point Credit during the 3rd quarter worth about $7,600,000. Main Street Financial Solutions LLC boosted its stake in Eagle Point Credit by 95.6% in the 2nd quarter. Main Street Financial Solutions LLC now owns 147,447 shares of the investment management company’s stock worth $1,482,000 after purchasing an additional 72,067 shares during the period. Oxinas Partners Wealth Management LLC boosted its stake in Eagle Point Credit by 44.0% in the 3rd quarter. Oxinas Partners Wealth Management LLC now owns 177,492 shares of the investment management company’s stock worth $1,750,000 after purchasing an additional 54,240 shares during the period. Finally, J.W. Cole Advisors Inc. grew its holdings in Eagle Point Credit by 92.6% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 109,774 shares of the investment management company’s stock valued at $1,082,000 after buying an additional 52,782 shares in the last quarter. Hedge funds and other institutional investors own 19.50% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley cut their price target on shares of Eagle Point Credit from $12.00 to $11.00 and set a “buy” rating for the company in a report on Tuesday.

Eagle Point Credit Price Performance

Shares of ECC stock traded down $0.02 during trading hours on Friday, hitting $9.10. 790,591 shares of the company’s stock were exchanged, compared to its average volume of 857,268. Eagle Point Credit Company Inc. has a 12-month low of $8.56 and a 12-month high of $10.49. The company has a market capitalization of $700.23 million, a PE ratio of 11.38 and a beta of 0.75. The business’s 50 day simple moving average is $9.15 and its 200-day simple moving average is $9.62. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.18.

Eagle Point Credit 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 dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, January 13th. Eagle Point Credit’s payout ratio is 210.00%.

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.