Eagle Point Credit Company Inc. (NYSE:ECC) Short Interest Update

Eagle Point Credit Company Inc. (NYSE:ECC) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 1,110,000 shares, an increase of 42.5% from the November 30th total of 779,100 shares. Based on an average trading volume of 1,092,700 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On Eagle Point Credit

A number of hedge funds have recently bought and sold shares of ECC. Webster Bank N. A. acquired a new stake in Eagle Point Credit in the 3rd quarter worth $28,000. Legacy Investment Solutions LLC acquired a new stake in Eagle Point Credit during the third quarter worth about $39,000. McIlrath & Eck LLC bought a new position in Eagle Point Credit during the third quarter valued at about $57,000. EverSource Wealth Advisors LLC acquired a new position in Eagle Point Credit in the 2nd quarter valued at approximately $60,000. Finally, Sunbelt Securities Inc. grew its holdings in shares of Eagle Point Credit by 646.4% during the 2nd quarter. Sunbelt Securities Inc. now owns 7,464 shares of the investment management company’s stock worth $75,000 after purchasing an additional 6,464 shares in the last quarter. 19.50% of the stock is currently owned by institutional investors.

Eagle Point Credit Stock Down 1.4 %

ECC stock traded down $0.12 during trading hours on Monday, hitting $8.70. The company’s stock had a trading volume of 2,208,244 shares, compared to its average volume of 903,016. The company has a market capitalization of $669.45 million, a PE ratio of 10.88 and a beta of 0.75. The stock has a 50 day moving average price of $9.26 and a two-hundred day moving average price of $9.69. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 0.18. Eagle Point Credit has a 12 month low of $8.59 and a 12 month high of $10.49.

Eagle Point Credit Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 13th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, January 13th. Eagle Point Credit’s dividend payout ratio 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.