Oxinas Partners Wealth Management LLC Has $1.09 Million Holdings in Eagle Point Credit Company Inc. (NYSE:ECC)

Oxinas Partners Wealth Management LLC lessened its holdings in shares of Eagle Point Credit Company Inc. (NYSE:ECCFree Report) by 30.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 122,636 shares of the investment management company’s stock after selling 54,856 shares during the period. Oxinas Partners Wealth Management LLC owned about 0.16% of Eagle Point Credit worth $1,089,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. PFG Investments LLC boosted its position in shares of Eagle Point Credit by 42.9% during the 3rd 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 in the last quarter. International Assets Investment Management LLC acquired a new stake in Eagle Point Credit in the third quarter valued at approximately $7,600,000. J.W. Cole Advisors Inc. boosted its position in Eagle Point Credit by 92.6% in the third quarter. J.W. Cole Advisors Inc. now owns 109,774 shares of the investment management company’s stock valued at $1,082,000 after buying an additional 52,782 shares in the last quarter. Worth Asset Management LLC boosted its position in Eagle Point Credit by 359.7% in the third quarter. Worth Asset Management LLC now owns 65,647 shares of the investment management company’s stock valued at $647,000 after buying an additional 51,367 shares in the last quarter. Finally, Financial Advocates Investment Management boosted its position in Eagle Point Credit by 77.2% in the third quarter. Financial Advocates Investment Management now owns 77,899 shares of the investment management company’s stock valued at $768,000 after buying an additional 33,938 shares in the last quarter. Institutional investors and hedge funds own 19.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley cut their target price on shares of 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.

Read Our Latest Stock Analysis on Eagle Point Credit

Eagle Point Credit Stock Performance

Shares of Eagle Point Credit stock opened at $8.86 on Wednesday. The company’s 50 day moving average price is $9.04 and its two-hundred day moving average price is $9.56. The firm has a market capitalization of $681.37 million, a P/E ratio of 11.07 and a beta of 0.75. Eagle Point Credit Company Inc. has a fifty-two week low of $8.56 and a fifty-two week high of $10.49. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.27 and a quick ratio of 2.27.

Eagle Point Credit Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 14th will be paid 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 currently 210.00%.

About Eagle Point Credit

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Eagle Point Credit (NYSE:ECC)

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