Eagle Point Credit Company Inc. (NYSE:ECC) Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. raised its stake in shares of Eagle Point Credit Company Inc. (NYSE:ECC) by 2.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 77,375 shares of the investment management company’s stock after purchasing an additional 2,112 shares during the period. Rockefeller Capital Management L.P. owned 0.10% of Eagle Point Credit worth $763,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. PFG Investments LLC increased its holdings in shares of Eagle Point Credit by 42.9% during the 3rd quarter. PFG Investments LLC now owns 553,506 shares of the investment management company’s stock worth $5,458,000 after buying an additional 166,108 shares during the last quarter. Wedbush Securities Inc. increased its stake in Eagle Point Credit by 26.2% during the second quarter. Wedbush Securities Inc. now owns 438,276 shares of the investment management company’s stock worth $4,405,000 after acquiring an additional 91,058 shares during the last quarter. Oxinas Partners Wealth Management LLC raised its holdings in shares of Eagle Point Credit by 44.0% in the 3rd quarter. Oxinas Partners Wealth Management LLC now owns 177,492 shares of the investment management company’s stock worth $1,750,000 after purchasing an additional 54,240 shares during the period. Main Street Financial Solutions LLC lifted its stake in shares of Eagle Point Credit by 95.6% in the 2nd quarter. Main Street Financial Solutions LLC now owns 147,447 shares of the investment management company’s stock valued at $1,482,000 after purchasing an additional 72,067 shares in the last quarter. Finally, TrueMark Investments LLC purchased a new stake in shares of Eagle Point Credit during the 2nd quarter worth about $1,444,000. Hedge funds and other institutional investors own 19.50% of the company’s stock.

Eagle Point Credit Trading Down 0.3 %

NYSE ECC opened at $9.44 on Tuesday. The firm has a market capitalization of $726.41 million, a price-to-earnings ratio of 11.80 and a beta of 0.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.27 and a current ratio of 2.27. Eagle Point Credit Company Inc. has a one year low of $8.89 and a one year high of $10.49. The company’s 50 day moving average price is $9.51 and its 200 day moving average price is $9.82.

Eagle Point Credit Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 11th will be issued a dividend of $0.14 per share. The ex-dividend date is Tuesday, March 11th. This represents a $1.68 annualized dividend and a dividend yield of 17.80%. Eagle Point Credit’s payout ratio is 210.00%.

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.