Quadrature Capital Ltd Acquires 7,285 Shares of Eagle Point Credit Company Inc. (NYSE:ECC)

Quadrature Capital Ltd grew its holdings in Eagle Point Credit Company Inc. (NYSE:ECC) by 5.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 132,905 shares of the investment management company’s stock after acquiring an additional 7,285 shares during the quarter. Quadrature Capital Ltd owned 0.17% of Eagle Point Credit worth $1,346,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ECC. PFG Investments LLC bought a new stake in shares of Eagle Point Credit in the first quarter valued at about $1,815,000. Cadent Capital Advisors LLC lifted its position in Eagle Point Credit by 21.3% during the first quarter. Cadent Capital Advisors LLC now owns 418,945 shares of the investment management company’s stock worth $4,236,000 after purchasing an additional 73,583 shares during the period. Arlington Capital Management Inc. bought a new stake in Eagle Point Credit during the fourth quarter worth about $506,000. Oxinas Partners Wealth Management LLC lifted its position in Eagle Point Credit by 18.2% during the first quarter. Oxinas Partners Wealth Management LLC now owns 99,433 shares of the investment management company’s stock worth $1,005,000 after purchasing an additional 15,284 shares during the period. Finally, J.W. Cole Advisors Inc. bought a new stake in Eagle Point Credit during the first quarter worth about $114,000. Institutional investors own 19.50% of the company’s stock.

Eagle Point Credit Price Performance

ECC traded up $0.01 on Friday, hitting $9.83. 1,582,864 shares of the stock were exchanged, compared to its average volume of 1,283,593. Eagle Point Credit Company Inc. has a 12 month low of $8.60 and a 12 month high of $10.58. The business has a 50-day moving average of $10.12 and a two-hundred day moving average of $10.08. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.55 and a quick ratio of 4.55. The firm has a market capitalization of $756.42 million, a price-to-earnings ratio of 5.28 and a beta of 0.77.

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

Eagle Point Credit Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be paid a dividend of $0.14 per share. This represents a $1.68 annualized dividend and a yield of 17.09%. The ex-dividend date is Tuesday, September 10th. Eagle Point Credit’s payout ratio is 90.32%.

Eagle Point Credit Company 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.