Eagle Point Credit Company Inc. (NYSE:ECC) Shares Bought by CFO4Life Group LLC

CFO4Life Group LLC lifted its position in shares of Eagle Point Credit Company Inc. (NYSE:ECC) by 29.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,475 shares of the investment management company’s stock after buying an additional 5,400 shares during the period. CFO4Life Group LLC’s holdings in Eagle Point Credit were worth $208,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Rockefeller Capital Management L.P. lifted its position in Eagle Point Credit by 2.8% during the third quarter. Rockefeller Capital Management L.P. now owns 77,375 shares of the investment management company’s stock valued at $763,000 after buying an additional 2,112 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Eagle Point Credit in the 4th quarter valued at $27,000. Kestra Private Wealth Services LLC lifted its holdings in shares of Eagle Point Credit by 4.7% during the 4th quarter. Kestra Private Wealth Services LLC now owns 76,425 shares of the investment management company’s stock valued at $679,000 after acquiring an additional 3,464 shares in the last quarter. Legacy Investment Solutions LLC purchased a new stake in Eagle Point Credit during the 3rd quarter worth $39,000. Finally, McIlrath & Eck LLC acquired a new stake in Eagle Point Credit in the 3rd quarter valued at $57,000. 19.50% of the stock is owned by hedge funds and other institutional investors.

Eagle Point Credit Trading Down 0.4 %

ECC opened at $8.13 on Friday. The firm’s 50 day moving average is $8.78 and its 200-day moving average is $9.24. Eagle Point Credit Company Inc. has a 52-week low of $8.05 and a 52-week high of $10.49. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $625.20 million, a P/E ratio of 9.67 and a beta of 0.73.

Eagle Point Credit (NYSE:ECC) last released its quarterly earnings results on Thursday, February 20th. The investment management company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The firm had revenue of $49.55 million for the quarter, compared to analyst estimates of $49.76 million. Eagle Point Credit had a net margin of 44.67% and a return on equity of 12.53%. Analysts expect that Eagle Point Credit Company Inc. will post 1.1 EPS for the current fiscal year.

Eagle Point Credit Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be paid a $0.14 dividend. The ex-dividend date is Thursday, April 10th. Eagle Point Credit’s dividend payout ratio (DPR) is 200.00%.

Analyst Ratings Changes

Separately, B. Riley reduced their price objective on Eagle Point Credit from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th.

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.