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

B. Riley Wealth Advisors Inc. lowered its position in Eagle Point Credit Company Inc. (NYSE:ECC) by 85.8% during the third quarter, Holdings Channel.com reports. 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 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. McIlrath & Eck LLC acquired a new position in shares of Eagle Point Credit in the 3rd quarter valued at about $57,000. Legacy Investment Solutions LLC acquired a new position in Eagle Point Credit during the third quarter valued at approximately $39,000. Stifel Financial Corp purchased a new stake in Eagle Point Credit during the third quarter worth approximately $149,000. Rockefeller Capital Management L.P. increased its position 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 in the last quarter. Finally, Chicago Partners Investment Group LLC raised its stake in shares of Eagle Point Credit by 10.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 91,924 shares of the investment management company’s stock valued at $889,000 after acquiring an additional 8,719 shares during the period. Hedge funds and other institutional investors own 19.50% of the company’s stock.

Eagle Point Credit Stock Performance

NYSE:ECC opened at $8.79 on Monday. Eagle Point Credit Company Inc. has a twelve month low of $8.68 and a twelve month high of $10.49. The firm has a market capitalization of $676.37 million, a price-to-earnings ratio of 10.99 and a beta of 0.75. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.18. The firm’s fifty day simple moving average is $9.34 and its 200 day simple moving average is $9.74.

Eagle Point Credit Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 13th will be given a $0.14 dividend. The ex-dividend date is Monday, January 13th. Eagle Point Credit’s payout ratio is 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.