Eagle Point Credit Company Inc. (NYSE:ECC) Shares Purchased by Freestone Capital Holdings LLC

Freestone Capital Holdings LLC boosted its position in shares of Eagle Point Credit Company Inc. (NYSE:ECC) by 1.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 90,287 shares of the investment management company’s stock after purchasing an additional 1,188 shares during the period. Freestone Capital Holdings LLC owned 0.12% of Eagle Point Credit worth $913,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. NBC Securities Inc. acquired a new position in Eagle Point Credit during the 1st quarter worth $31,000. Nadler Financial Group Inc. acquired a new position in shares of Eagle Point Credit during the first quarter worth approximately $101,000. CFO4Life Group LLC acquired a new position in shares of Eagle Point Credit during the first quarter worth approximately $105,000. J.W. Cole Advisors Inc. acquired a new position in shares of Eagle Point Credit during the first quarter worth approximately $114,000. Finally, Financial Advocates Investment Management lifted its position in shares of Eagle Point Credit by 4.5% during the fourth quarter. Financial Advocates Investment Management now owns 26,823 shares of the investment management company’s stock worth $255,000 after purchasing an additional 1,157 shares in the last quarter. Institutional investors and hedge funds own 19.50% of the company’s stock.

Eagle Point Credit Trading Down 0.1 %

NYSE:ECC traded down $0.01 during trading hours on Friday, hitting $9.81. The stock had a trading volume of 1,247,535 shares, compared to its average volume of 815,181. The business’s 50 day moving average is $10.13 and its 200-day moving average is $10.08. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.55 and a current ratio of 4.55. Eagle Point Credit Company Inc. has a one year low of $8.60 and a one year high of $10.58. The company has a market cap of $754.88 million, a price-to-earnings ratio of 5.26 and a beta of 0.77.

Eagle Point Credit (NYSE:ECC) last released its earnings results on Tuesday, May 21st. The investment management company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.06). The business had revenue of $40.81 million during the quarter, compared to the consensus estimate of $42.30 million. Eagle Point Credit had a net margin of 88.90% and a return on equity of 13.48%. Sell-side analysts anticipate that Eagle Point Credit Company Inc. will post 1.34 EPS for the current fiscal year.

Eagle Point Credit Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 17.13%. Eagle Point Credit’s payout ratio is presently 90.32%.

Eagle Point Credit 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.