Eagle Point Credit Company Inc. $ECC Stock Holdings Increased by International Assets Investment Management LLC

International Assets Investment Management LLC raised its holdings in shares of Eagle Point Credit Company Inc. (NYSE:ECC) by 40.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 423,570 shares of the investment management company’s stock after buying an additional 122,470 shares during the period. International Assets Investment Management LLC’s holdings in Eagle Point Credit were worth $2,800,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ECC. GPS Wealth Strategies Group LLC bought a new position in shares of Eagle Point Credit in the second quarter valued at $25,000. IFP Advisors Inc bought a new stake in shares of Eagle Point Credit during the 2nd quarter worth $28,000. Geneos Wealth Management Inc. acquired a new position in shares of Eagle Point Credit in the 2nd quarter worth $33,000. Farther Finance Advisors LLC acquired a new stake in shares of Eagle Point Credit during the second quarter worth $35,000. Finally, Spire Wealth Management acquired a new stake in shares of Eagle Point Credit during the third quarter worth $37,000. Institutional investors and hedge funds own 19.50% of the company’s stock.

Analyst Upgrades and Downgrades

ECC has been the topic of a number of analyst reports. Credit Suisse Group set a $7.00 price target on Eagle Point Credit in a research note on Thursday, November 20th. Zacks Research upgraded shares of Eagle Point Credit from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 16th. Finally, B. Riley dropped their target price on shares of Eagle Point Credit from $10.00 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $7.46.

Eagle Point Credit Trading Up 2.2%

NYSE:ECC opened at $5.80 on Friday. The business’s fifty day moving average price is $5.84 and its 200 day moving average price is $6.44. The firm has a market capitalization of $732.08 million, a price-to-earnings ratio of 30.50 and a beta of 0.27. Eagle Point Credit Company Inc. has a 1-year low of $5.40 and a 1-year high of $8.96.

Eagle Point Credit Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 11th will be issued a $0.14 dividend. The ex-dividend date is Wednesday, March 11th. This represents a c) dividend on an annualized basis and a dividend yield of 29.0%. Eagle Point Credit’s dividend payout ratio is currently 884.21%.

About Eagle Point Credit

Eagle Point Credit Company is a closed-end, non-diversified management investment company that seeks to generate attractive risk-adjusted returns primarily through investments in collateralized loan obligations (CLOs) and related structured credit instruments. The firm is externally managed by Eagle Point Credit Management, LLC, a specialized credit asset manager focused on the structured credit markets. Eagle Point Credit Company’s shares trade on the New York Stock Exchange under the ticker symbol ECC.

The company’s investment strategy centers on acquiring both equity and debt tranches of actively managed CLOs alongside opportunistic positions in senior secured loans, high-yield bonds and credit derivatives.