TrueMark Investments LLC Has $1.40 Million Holdings in Eagle Point Credit Company Inc. (NYSE:ECC)

TrueMark Investments LLC trimmed its holdings in Eagle Point Credit Company Inc. (NYSE:ECC) by 48.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 157,967 shares of the investment management company’s stock after selling 147,984 shares during the period. TrueMark Investments LLC owned 0.21% of Eagle Point Credit worth $1,403,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Union Bancaire Privee UBP SA acquired a new position in Eagle Point Credit in the 4th quarter valued at $27,000. Legacy Investment Solutions LLC bought a new position in shares of Eagle Point Credit in the third quarter worth $39,000. McIlrath & Eck LLC acquired a new position in Eagle Point Credit in the third quarter valued at about $57,000. Kingswood Wealth Advisors LLC bought a new stake in Eagle Point Credit during the fourth quarter worth about $98,000. Finally, Summitry LLC acquired a new stake in Eagle Point Credit during the fourth quarter worth about $107,000. 19.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Thomas P. Majewski bought 1,087 shares of the firm’s stock in a transaction on Friday, March 21st. The shares were purchased at an average price of $23.00 per share, with a total value of $25,001.00. Following the completion of the purchase, the chief executive officer now owns 1,087 shares in the company, valued at $25,001. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.22% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Eagle Point Credit Stock Up 0.9 %

NYSE ECC opened at $8.03 on Wednesday. Eagle Point Credit Company Inc. has a fifty-two week low of $7.36 and a fifty-two week high of $10.49. The business has a fifty day moving average price of $8.60 and a two-hundred day moving average price of $9.12. 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 stock has a market capitalization of $617.89 million, a PE ratio of 9.56 and a beta of 0.73.

Eagle Point Credit (NYSE:ECC) last released its quarterly earnings data on Thursday, February 20th. The investment management company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). The business had revenue of $49.55 million during the quarter, compared to analyst estimates of $49.76 million. Eagle Point Credit had a net margin of 44.67% and a return on equity of 12.53%. Equities analysts expect that Eagle Point Credit Company Inc. will post 1.1 earnings per share for the current fiscal year.

Eagle Point Credit Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, April 10th. Eagle Point Credit’s dividend payout ratio (DPR) is presently 200.00%.

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.