Shares of Eagle Point Credit Company Inc. (NYSE:ECC - Get Free Report) saw an uptick in trading volume on Friday . 835,553 shares were traded during mid-day trading, an increase of 14% from the previous session's volume of 733,829 shares.The stock last traded at $9.18 and had previously closed at $9.06.
Eagle Point Credit Stock Up 0.9 %
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 business has a 50-day simple moving average of $9.18 and a two-hundred day simple moving average of $9.65. The stock has a market capitalization of $703.30 million, a P/E ratio of 11.43 and a beta of 0.75.
Eagle Point Credit Announces Dividend
The company also recently announced a dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 13th will be given a dividend of $0.14 per share. The ex-dividend date is Monday, January 13th. Eagle Point Credit's dividend payout ratio (DPR) is currently 210.00%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of ECC. McIlrath & Eck LLC acquired a new stake in shares of Eagle Point Credit in the third quarter valued at $57,000. Legacy Investment Solutions LLC bought a new position in shares of Eagle Point Credit in the third quarter worth about $39,000. Stifel Financial Corp acquired a new position in shares of Eagle Point Credit during the third quarter worth approximately $149,000. Rockefeller Capital Management L.P. grew its stake in shares of Eagle Point Credit by 2.8% during the third quarter. Rockefeller Capital Management L.P. now owns 77,375 shares of the investment management company's stock valued at $763,000 after purchasing an additional 2,112 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its holdings in shares of Eagle Point Credit by 10.5% in the third quarter. Chicago Partners Investment Group LLC now owns 91,924 shares of the investment management company's stock valued at $889,000 after purchasing an additional 8,719 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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