Eagle Point Credit Company Inc. (NYSE:ECC) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. decreased its position in Eagle Point Credit Company Inc. (NYSE:ECC) by 85.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ECC. PFG Investments LLC grew its holdings in shares of 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 worth $3,893,000 after buying an additional 207,875 shares in the last quarter. TrueMark Investments LLC purchased a new stake in Eagle Point Credit in the 2nd quarter worth approximately $1,444,000. Wedbush Securities Inc. raised 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 valued at $4,405,000 after acquiring an additional 91,058 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Eagle Point Credit during the 3rd quarter worth $7,600,000. Finally, Main Street Financial Solutions LLC boosted its holdings in shares of Eagle Point Credit by 95.6% during the second 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 last quarter. 19.50% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Point Credit Price Performance

Shares of NYSE:ECC opened at $8.79 on Monday. The business has a fifty day simple moving average of $9.34 and a 200-day simple moving average of $9.74. Eagle Point Credit Company Inc. has a 52 week low of $8.68 and a 52 week high of $10.49. The company has a market cap of $676.37 million, a P/E ratio of 10.99 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.

Eagle Point Credit Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 13th will be paid a dividend of $0.14 per share. 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.