Eagle Point Credit Company Inc. (NYSE:ECC) Insider Oa Eagle Group Investors, Llc Sells 34,000 Shares

Eagle Point Credit Company Inc. (NYSE:ECC) insider Oa Eagle Group Investors, Llc sold 34,000 shares of the company’s stock in a transaction dated Thursday, January 13th. The shares were sold at an average price of $14.04, for a total transaction of $477,360.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Oa Eagle Group Investors, Llc also recently made the following trade(s):

  • On Tuesday, January 11th, Oa Eagle Group Investors, Llc sold 200,000 shares of Eagle Point Credit stock. The shares were sold at an average price of $14.35, for a total transaction of $2,870,000.00.

Shares of NYSE:ECC opened at $14.01 on Friday. The stock has a market capitalization of $453.29 million, a price-to-earnings ratio of 2.11 and a beta of 1.11. Eagle Point Credit Company Inc. has a one year low of $10.57 and a one year high of $15.54. The company has a 50-day simple moving average of $14.60 and a 200-day simple moving average of $14.03.

Eagle Point Credit (NYSE:ECC) last posted its quarterly earnings results on Tuesday, November 16th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.05. The firm had revenue of $24.30 million for the quarter, compared to analysts’ expectations of $22.25 million. During the same period in the prior year, the company earned $0.23 earnings per share. On average, equities research analysts forecast that Eagle Point Credit Company Inc. will post 1.3 earnings per share for the current fiscal year.

The company also recently declared a — dividend, which will be paid on Monday, January 24th. Investors of record on Thursday, December 23rd will be issued a dividend of $0.50 per share. This is a boost from Eagle Point Credit’s previous — dividend of $0.08. This represents a yield of 9.5%. The ex-dividend date is Wednesday, December 22nd. Eagle Point Credit’s dividend payout ratio is currently 17.80%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Essex Financial Services Inc. raised its holdings in Eagle Point Credit by 14.1% during the third quarter. Essex Financial Services Inc. now owns 12,137 shares of the investment management company’s stock worth $165,000 after purchasing an additional 1,500 shares in the last quarter. Oxinas Partners Wealth Management LLC grew its position in Eagle Point Credit by 4.4% during the third quarter. Oxinas Partners Wealth Management LLC now owns 46,548 shares of the investment management company’s stock worth $634,000 after buying an additional 1,974 shares during the period. Virtus ETF Advisers LLC grew its position in Eagle Point Credit by 2.9% during the second quarter. Virtus ETF Advisers LLC now owns 70,629 shares of the investment management company’s stock worth $957,000 after buying an additional 1,983 shares during the period. All Season Financial Advisors Inc. grew its position in Eagle Point Credit by 14.5% during the third quarter. All Season Financial Advisors Inc. now owns 29,410 shares of the investment management company’s stock worth $401,000 after buying an additional 3,718 shares during the period. Finally, Advisory Services Network LLC acquired a new position in Eagle Point Credit during the second quarter worth about $97,000. 27.02% of the stock is owned by hedge funds and other institutional investors.

Separately, B. Riley started coverage on shares of Eagle Point Credit in a report on Thursday, September 23rd. They issued a “buy” rating for the company.

Eagle Point Credit Company Profile

Eagle Point Credit Co, Inc is a closed-end investment company. Its investment objective is to generate high current income, and generate capital appreciation by investing primarily in equity and junior debt tranches of CLOs. The company was founded on March 24, 2014 and is headquartered in Greenwich, CT.

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