Union Bancaire Privee UBP SA Buys Shares of 3,250 Eagle Point Credit Company Inc. (NYSE:ECC)

Union Bancaire Privee UBP SA purchased a new position in Eagle Point Credit Company Inc. (NYSE:ECC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,250 shares of the investment management company’s stock, valued at approximately $27,000.

Other large investors have also recently made changes to their positions in the company. Stifel Financial Corp acquired a new stake in Eagle Point Credit during the 3rd quarter worth $149,000. PFG Investments LLC boosted its position in Eagle Point Credit by 42.9% during the third quarter. PFG Investments LLC now owns 553,506 shares of the investment management company’s stock worth $5,458,000 after acquiring an additional 166,108 shares during the last quarter. J.W. Cole Advisors Inc. grew its stake 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 acquiring an additional 52,782 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Eagle Point Credit in the 3rd quarter valued at about $7,600,000. Finally, Worth Asset Management LLC boosted its holdings in shares of Eagle Point Credit by 359.7% during the 3rd quarter. Worth Asset Management LLC now owns 65,647 shares of the investment management company’s stock worth $647,000 after purchasing an additional 51,367 shares during the last quarter. 19.50% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Point Credit Price Performance

Eagle Point Credit stock opened at $8.73 on Thursday. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.18. The stock has a market cap of $671.37 million, a P/E ratio of 10.91 and a beta of 0.75. The company has a 50-day moving average price of $8.98 and a 200 day moving average price of $9.50. Eagle Point Credit Company Inc. has a 12-month low of $8.56 and a 12-month high of $10.49.

Eagle Point Credit Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 14th will be given a dividend of $0.14 per share. This represents a dividend yield of 18.88%. The ex-dividend date of this dividend is Monday, January 13th. Eagle Point Credit’s payout ratio is presently 210.00%.

Analyst Ratings Changes

Separately, B. Riley reduced their price objective on Eagle Point Credit from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th.

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.