Stifel Financial Corp Makes New $149,000 Investment in Eagle Point Credit Company Inc. (NYSE:ECC)

Stifel Financial Corp purchased a new stake in shares of Eagle Point Credit Company Inc. (NYSE:ECC) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 15,094 shares of the investment management company’s stock, valued at approximately $149,000.

Several other large investors have also recently modified their holdings of the business. Ballentine Partners LLC grew its stake in shares of Eagle Point Credit by 5.3% in the third quarter. Ballentine Partners LLC now owns 23,158 shares of the investment management company’s stock worth $228,000 after purchasing an additional 1,173 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in Eagle Point Credit by 2.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 77,375 shares of the investment management company’s stock worth $763,000 after buying an additional 2,112 shares during the period. Essex Financial Services Inc. grew its position in shares of Eagle Point Credit by 8.6% in the 2nd quarter. Essex Financial Services Inc. now owns 26,764 shares of the investment management company’s stock valued at $271,000 after buying an additional 2,127 shares during the last quarter. Webster Bank N. A. acquired a new stake in shares of Eagle Point Credit in the third quarter valued at about $28,000. Finally, Sage Capital Advisors llc raised its position in shares of Eagle Point Credit by 6.5% during the third quarter. Sage Capital Advisors llc now owns 48,923 shares of the investment management company’s stock worth $482,000 after acquiring an additional 2,986 shares during the last quarter. Institutional investors own 19.50% of the company’s stock.

Eagle Point Credit Price Performance

Eagle Point Credit stock opened at $8.70 on Tuesday. The stock’s 50 day moving average is $9.24 and its 200 day moving average is $9.68. Eagle Point Credit Company Inc. has a one year low of $8.56 and a one year high of $10.49. The firm has a market cap of $669.45 million, a P/E ratio of 10.88 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.

Eagle Point Credit Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 13th will be given a $0.14 dividend. The ex-dividend date is Monday, January 13th. Eagle Point Credit’s dividend payout ratio (DPR) is currently 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.