Eagle Point Credit Company Inc. (NYSE:ECC) Short Interest Update

Eagle Point Credit Company Inc. (NYSE:ECC) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 1,110,000 shares, a growth of 42.5% from the November 30th total of 779,100 shares. Based on an average trading volume of 1,092,700 shares, the short-interest ratio is presently 1.0 days.

Eagle Point Credit Price Performance

ECC stock traded down $0.12 during mid-day trading on Monday, hitting $8.70. 2,208,244 shares of the stock were exchanged, compared to its average volume of 902,832. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.27 and a quick ratio of 2.27. The stock has a market capitalization of $669.45 million, a price-to-earnings ratio of 10.88 and a beta of 0.75. The business has a fifty day moving average price of $9.26 and a 200 day moving average price of $9.69. Eagle Point Credit has a 12 month low of $8.56 and a 12 month high of $10.49.

Eagle Point Credit Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 13th will be issued a $0.14 dividend. The ex-dividend date is Monday, January 13th. Eagle Point Credit’s payout ratio is 210.00%.

Hedge Funds Weigh In On Eagle Point Credit

Institutional investors and hedge funds have recently made changes to their positions in the business. Webster Bank N. A. bought a new position in shares of Eagle Point Credit in the third quarter worth approximately $28,000. Legacy Investment Solutions LLC purchased a new stake in Eagle Point Credit during the 3rd quarter valued at $39,000. McIlrath & Eck LLC bought a new stake in Eagle Point Credit in the 3rd quarter worth $57,000. EverSource Wealth Advisors LLC purchased a new position in shares of Eagle Point Credit in the second quarter valued at about $60,000. Finally, Sunbelt Securities Inc. raised its stake in shares of Eagle Point Credit by 646.4% during the second quarter. Sunbelt Securities Inc. now owns 7,464 shares of the investment management company’s stock valued at $75,000 after acquiring an additional 6,464 shares during the last quarter. Institutional investors own 19.50% of the company’s stock.

Eagle Point Credit Company 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.