179,523 Shares in Eagle Point Credit Company Inc. (NYSE:ECC) Bought by PFG Investments LLC

PFG Investments LLC purchased a new position in Eagle Point Credit Company Inc. (NYSE:ECC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 179,523 shares of the investment management company's stock, valued at approximately $1,815,000. PFG Investments LLC owned about 0.23% of Eagle Point Credit as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Oxinas Partners Wealth Management LLC lifted its position in Eagle Point Credit by 18.2% in the first quarter. Oxinas Partners Wealth Management LLC now owns 99,433 shares of the investment management company's stock worth $1,005,000 after buying an additional 15,284 shares during the last quarter. Cadent Capital Advisors LLC lifted its position in Eagle Point Credit by 21.3% in the first quarter. Cadent Capital Advisors LLC now owns 418,945 shares of the investment management company's stock worth $4,236,000 after buying an additional 73,583 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of Eagle Point Credit during the first quarter worth $31,000. Quadrature Capital Ltd bought a new stake in shares of Eagle Point Credit during the fourth quarter worth $1,192,000. Finally, B. Riley Wealth Advisors Inc. lifted its position in shares of Eagle Point Credit by 8.9% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 98,561 shares of the investment management company's stock worth $936,000 after purchasing an additional 8,066 shares during the last quarter. 19.50% of the stock is currently owned by institutional investors.

Eagle Point Credit Trading Up 0.3 %

Shares of NYSE:ECC traded up $0.03 on Friday, hitting $10.02. 416,727 shares of the company's stock were exchanged, compared to its average volume of 671,173. Eagle Point Credit Company Inc. has a 12 month low of $8.60 and a 12 month high of $11.79. The stock has a market capitalization of $771.04 million, a price-to-earnings ratio of 5.63 and a beta of 0.77. The business's 50 day simple moving average is $10.06 and its two-hundred day simple moving average is $9.79. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.60 and a quick ratio of 6.60.

Eagle Point Credit (NYSE:ECC - Get Free Report) last released its earnings results on Thursday, February 22nd. The investment management company reported $0.33 earnings per share for the quarter, missing the consensus estimate 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 business 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 business posted $0.29 earnings per share. Analysts anticipate that Eagle Point Credit Company Inc. will post 1.39 EPS for the current fiscal year.

Eagle Point Credit Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.68 annualized dividend and a dividend yield of 16.77%. Eagle Point Credit's dividend payout ratio (DPR) is 94.38%.

About Eagle Point Credit

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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