Union Bancaire Privee UBP SA Makes New Investment in Eagle Point Credit Company Inc. (NYSE:ECC)

Union Bancaire Privee UBP SA bought a new position in Eagle Point Credit Company Inc. (NYSE:ECC) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,250 shares of the investment management company’s stock, valued at approximately $27,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PFG Investments LLC lifted its holdings in shares of Eagle Point Credit by 42.9% during the third quarter. PFG Investments LLC now owns 553,506 shares of the investment management company’s stock worth $5,458,000 after purchasing an additional 166,108 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Eagle Point Credit in the third quarter worth $7,600,000. Oxinas Partners Wealth Management LLC raised its holdings in shares of Eagle Point Credit by 44.0% during the third 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 last quarter. J.W. Cole Advisors Inc. lifted its position in Eagle Point Credit by 92.6% during the third quarter. J.W. Cole Advisors Inc. now owns 109,774 shares of the investment management company’s stock valued at $1,082,000 after purchasing an additional 52,782 shares during the period. Finally, Worth Asset Management LLC boosted its holdings in Eagle Point Credit by 359.7% in the third quarter. Worth Asset Management LLC now owns 65,647 shares of the investment management company’s stock valued at $647,000 after purchasing an additional 51,367 shares during the last quarter. Institutional investors and hedge funds own 19.50% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley decreased their price objective on Eagle Point Credit from $12.00 to $11.00 and set a “buy” rating for the company in a report on Tuesday, January 7th.

Eagle Point Credit Stock Performance

ECC opened at $8.73 on Thursday. The stock has a market cap of $671.37 million, a P/E ratio of 10.91 and a beta of 0.75. 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 firm has a fifty day moving average price of $8.98 and a 200 day moving average price of $9.50. Eagle Point Credit Company Inc. has a 1 year low of $8.56 and a 1 year high of $10.49.

Eagle Point Credit Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 14th will be given a dividend of $0.14 per share. This represents a dividend yield of 18.88%. The ex-dividend date is Monday, January 13th. Eagle Point Credit’s dividend payout ratio (DPR) is presently 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.