15,094 Shares in Eagle Point Credit Company Inc. (NYSE:ECC) Purchased by Stifel Financial Corp

Stifel Financial Corp bought a new stake in Eagle Point Credit Company Inc. (NYSE:ECC) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 15,094 shares of the investment management company’s stock, valued at approximately $149,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ECC. Ballentine Partners LLC boosted its stake in Eagle Point Credit by 5.3% in the third quarter. Ballentine Partners LLC now owns 23,158 shares of the investment management company’s stock valued at $228,000 after buying an additional 1,173 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Eagle Point Credit by 2.8% in the third quarter. Rockefeller Capital Management L.P. now owns 77,375 shares of the investment management company’s stock worth $763,000 after acquiring an additional 2,112 shares during the last quarter. Essex Financial Services Inc. boosted its stake in shares of Eagle Point Credit by 8.6% in the 2nd quarter. Essex Financial Services Inc. now owns 26,764 shares of the investment management company’s stock valued at $271,000 after purchasing an additional 2,127 shares in the last quarter. Webster Bank N. A. bought a new stake in shares of Eagle Point Credit during the 3rd quarter valued at approximately $28,000. Finally, Sage Capital Advisors llc increased its position in Eagle Point Credit by 6.5% during the 3rd quarter. Sage Capital Advisors llc now owns 48,923 shares of the investment management company’s stock worth $482,000 after purchasing an additional 2,986 shares in the last quarter. 19.50% of the stock is currently owned by institutional investors and hedge funds.

Eagle Point Credit Price Performance

Shares of NYSE:ECC opened at $8.70 on Tuesday. The firm has a 50 day simple moving average of $9.24 and a 200 day simple moving average of $9.68. The company has a market cap of $669.45 million, a price-to-earnings ratio of 10.88 and a beta of 0.75. Eagle Point Credit Company Inc. has a one year low of $8.56 and a one year 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 company also recently disclosed 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 of this dividend is Monday, January 13th. Eagle Point Credit’s dividend payout ratio is currently 210.00%.

About Eagle Point Credit

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.