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

B. Riley Wealth Advisors Inc. lifted its holdings in Eagle Point Credit Company Inc. (NYSE:ECC) by 8.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,561 shares of the investment management company’s stock after acquiring an additional 8,066 shares during the period. B. Riley Wealth Advisors Inc. owned approximately 0.18% of Eagle Point Credit worth $936,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Financial Advocates Investment Management increased its position in shares of Eagle Point Credit by 4.5% in the fourth quarter. Financial Advocates Investment Management now owns 26,823 shares of the investment management company’s stock worth $255,000 after acquiring an additional 1,157 shares in the last quarter. Kestra Advisory Services LLC increased its position in shares of Eagle Point Credit by 7.8% in the third quarter. Kestra Advisory Services LLC now owns 28,478 shares of the investment management company’s stock worth $289,000 after acquiring an additional 2,062 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in Eagle Point Credit by 5.3% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 96,127 shares of the investment management company’s stock valued at $913,000 after purchasing an additional 4,881 shares in the last quarter. Private Advisor Group LLC grew its holdings in Eagle Point Credit by 7.7% during the 4th quarter. Private Advisor Group LLC now owns 74,538 shares of the investment management company’s stock valued at $708,000 after purchasing an additional 5,355 shares in the last quarter. Finally, Samalin Investment Counsel LLC grew its holdings in Eagle Point Credit by 35.2% during the 3rd quarter. Samalin Investment Counsel LLC now owns 23,591 shares of the investment management company’s stock valued at $239,000 after purchasing an additional 6,139 shares in the last quarter. Institutional investors and hedge funds own 19.50% of the company’s stock.

Eagle Point Credit Price Performance

ECC opened at $10.10 on Friday. The company has a fifty day simple moving average of $10.14 and a 200 day simple moving average of $9.98. The firm has a market cap of $776.81 million, a price-to-earnings ratio of 5.43 and a beta of 0.78. Eagle Point Credit Company Inc. has a twelve month low of $8.60 and a twelve month high of $10.58. The company has a current ratio of 6.60, a quick ratio of 6.60 and a debt-to-equity ratio of 0.22.

Eagle Point Credit (NYSE:ECC) last released its quarterly earnings results on Tuesday, May 21st. The investment management company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.06). The firm had revenue of $40.81 million for the quarter, compared to analyst estimates of $42.30 million. Eagle Point Credit had a net margin of 88.90% and a return on equity of 14.21%. Equities research analysts expect that Eagle Point Credit Company Inc. will post 1.34 EPS for the current fiscal year.

Eagle Point Credit Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be issued a dividend of $0.14 per share. This represents a $1.68 dividend on an annualized basis and a yield of 16.64%. The ex-dividend date is Tuesday, September 10th. Eagle Point Credit’s payout ratio is 90.32%.

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.