Shares of Eagle Point Credit Company Inc. (NYSE:ECC - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $8.56 and last traded at $8.71, with a volume of 717183 shares traded. The stock had previously closed at $8.82.
Eagle Point Credit Stock Performance
The company has a market cap of $669.45 million, a P/E ratio of 10.88 and a beta of 0.75. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average price of $9.24 and a 200-day moving average price of $9.68.
Eagle Point Credit Dividend Announcement
The business also recently announced a dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 13th will be given a $0.14 dividend. The ex-dividend date of this dividend is Monday, January 13th. Eagle Point Credit's dividend payout ratio is presently 210.00%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Webster Bank N. A. bought a new position in Eagle Point Credit during the 3rd quarter valued at $28,000. Legacy Investment Solutions LLC acquired a new stake in shares of Eagle Point Credit in the third quarter valued at $39,000. McIlrath & Eck LLC bought a new position in Eagle Point Credit during the third quarter valued at about $57,000. EverSource Wealth Advisors LLC acquired a new position in Eagle Point Credit during the second quarter worth about $60,000. Finally, Sunbelt Securities Inc. raised its position in Eagle Point Credit by 646.4% in the second quarter. Sunbelt Securities Inc. now owns 7,464 shares of the investment management company's stock worth $75,000 after acquiring an additional 6,464 shares in the last quarter. Institutional investors and hedge funds own 19.50% of the company's stock.
About Eagle Point Credit
(
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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.
Further Reading
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