B. Riley Wealth Advisors Inc. Sells 88,288 Shares of Eagle Point Credit Company Inc. (NYSE:ECC)

B. Riley Wealth Advisors Inc. decreased its stake in Eagle Point Credit Company Inc. (NYSE:ECC - Free Report) by 85.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,598 shares of the investment management company's stock after selling 88,288 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Eagle Point Credit were worth $144,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. PFG Investments LLC raised its holdings in Eagle Point Credit by 115.8% during the second quarter. PFG Investments LLC now owns 387,398 shares of the investment management company's stock valued at $3,893,000 after acquiring an additional 207,875 shares during the period. TrueMark Investments LLC bought a new stake in Eagle Point Credit during the 2nd quarter valued at approximately $1,444,000. Wedbush Securities Inc. lifted its holdings in Eagle Point Credit by 26.2% in the 2nd quarter. Wedbush Securities Inc. now owns 438,276 shares of the investment management company's stock worth $4,405,000 after purchasing an additional 91,058 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Eagle Point Credit in the 3rd quarter worth approximately $7,600,000. Finally, 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. Institutional investors own 19.50% of the company's stock.

Eagle Point Credit Price Performance

Shares of Eagle Point Credit stock traded up $0.02 on Monday, hitting $8.81. 1,056,931 shares of the company traded hands, compared to its average volume of 899,484. Eagle Point Credit Company Inc. has a 52 week low of $8.68 and a 52 week high of $10.49. The business has a 50-day simple moving average of $9.34 and a 200 day simple moving average of $9.74. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.27 and a current ratio of 2.27. The stock has a market capitalization of $677.91 million, a P/E ratio of 11.01 and a beta of 0.75.

Eagle Point Credit Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 13th will be issued a $0.14 dividend. The ex-dividend date is Monday, January 13th. Eagle Point Credit's dividend payout ratio is currently 210.00%.

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.