Eagle Point Credit (NYSE:ECC - Free Report) had its price objective decreased by B. Riley from $12.00 to $11.00 in a research report sent to investors on Tuesday morning,Benzinga reports. B. Riley currently has a buy rating on the investment management company's stock.
Eagle Point Credit Stock Down 0.3 %
Shares of ECC stock traded down $0.03 during trading hours on Tuesday, reaching $9.09. The company had a trading volume of 700,493 shares, compared to its average volume of 947,048. The stock's fifty day simple moving average is $9.17 and its 200 day simple moving average is $9.64. The company has a market capitalization of $699.46 million, a P/E ratio of 11.36 and a beta of 0.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.27 and a current ratio of 2.27. Eagle Point Credit has a twelve month low of $8.56 and a twelve month high of $10.49.
Eagle Point Credit Announces Dividend
The firm also recently declared a dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 13th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Monday, January 13th. Eagle Point Credit's dividend payout ratio (DPR) is presently 210.00%.
Institutional Investors Weigh In On Eagle Point Credit
Several large investors have recently added to or reduced their stakes in ECC. Webster Bank N. A. bought a new position in Eagle Point Credit in the 3rd quarter worth approximately $28,000. Legacy Investment Solutions LLC acquired a new position in Eagle Point Credit during the 3rd quarter worth $39,000. McIlrath & Eck LLC bought a new position in shares of Eagle Point Credit in the third quarter worth $57,000. EverSource Wealth Advisors LLC acquired a new position in shares of Eagle Point Credit during the second quarter valued at $60,000. Finally, Sunbelt Securities Inc. raised its stake in shares of Eagle Point Credit by 646.4% during the second quarter. Sunbelt Securities Inc. now owns 7,464 shares of the investment management company's stock valued at $75,000 after purchasing an additional 6,464 shares in the last quarter. 19.50% of the stock is owned by institutional investors and hedge funds.
Eagle Point Credit Company Profile
(
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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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