Oxinas Partners Wealth Management LLC Increases Stock Holdings in Eagle Point Credit Company Inc. (NYSE:ECC)

Oxinas Partners Wealth Management LLC boosted its stake in Eagle Point Credit Company Inc. (NYSE:ECC) by 18.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 99,433 shares of the investment management company’s stock after acquiring an additional 15,284 shares during the quarter. Oxinas Partners Wealth Management LLC owned about 0.18% of Eagle Point Credit worth $1,005,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Penserra Capital Management LLC acquired a new stake in Eagle Point Credit during the 3rd quarter valued at approximately $14,629,000. Quadrature Capital Ltd acquired a new stake in shares of Eagle Point Credit during the fourth quarter worth approximately $1,192,000. Cadent Capital Advisors LLC increased its stake in shares of Eagle Point Credit by 21.3% in the first quarter. Cadent Capital Advisors LLC now owns 418,945 shares of the investment management company’s stock worth $4,236,000 after buying an additional 73,583 shares during the last quarter. Arlington Capital Management Inc. acquired a new stake in Eagle Point Credit in the fourth quarter valued at $506,000. Finally, Parisi Gray Wealth Management boosted its stake in Eagle Point Credit by 71.4% during the 4th quarter. Parisi Gray Wealth Management now owns 60,000 shares of the investment management company’s stock valued at $570,000 after acquiring an additional 25,000 shares during the last quarter. Hedge funds and other institutional investors own 19.50% of the company’s stock.

Eagle Point Credit Stock Performance

Shares of ECC traded up $0.05 during mid-day trading on Tuesday, hitting $10.09. The stock had a trading volume of 970,887 shares, compared to its average volume of 740,445. The company has a quick ratio of 4.55, a current ratio of 4.55 and a debt-to-equity ratio of 0.20. The company has a market cap of $776.04 million, a PE ratio of 5.42 and a beta of 0.77. Eagle Point Credit Company Inc. has a fifty-two week low of $8.60 and a fifty-two week high of $10.58. The company’s fifty day simple moving average is $10.16 and its two-hundred day simple moving average is $10.02.

Eagle Point Credit (NYSE:ECC) last posted its earnings results on Tuesday, May 21st. The investment management company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.06). The company had revenue of $40.81 million for the quarter, compared to the consensus estimate of $42.30 million. Eagle Point Credit had a net margin of 88.90% and a return on equity of 13.48%. On average, equities analysts expect that Eagle Point Credit Company Inc. will post 1.34 earnings per share for the current year.

Eagle Point Credit Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be given a $0.14 dividend. This represents a $1.68 annualized dividend and a yield of 16.66%. The ex-dividend date of this dividend is Tuesday, September 10th. Eagle Point Credit’s dividend payout ratio is currently 90.32%.

Eagle Point Credit Profile

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.