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Cambridge Investment Research Advisors Inc. decreases its stake in Eagle Point Credit Company Inc. (NYSE:ECC)

Cambridge Investment Research Advisors Inc. decreases its stake in Eagle Point Credit Company Inc. (NYSE:ECC)

According to the 13F filing that Cambridge Investment Research Advisors Inc. submitted with the Securities and Exchange Commission, the investment advisory firm decreased its holdings in Eagle Point Credit Company Inc. (NYSE: ECC) during the third quarter. The fund’s total number of shares of stock in the investment management company reached 11,846 at the end of the quarter after selling 9,460 shares. Cambridge Investment Research Advisors Inc. concluded that the value of Eagle Point Credit was $130,000 when it was time to close the books on the most recent financial quarter.

During the past few months, several other institutional investors and hedge funds have engaged in buying and selling activities involving ECC shares. CoreCap Advisors LLC increased its stake in Eagle Point Credit by investing approximately $29,000 during the second quarter. A 170.0% increase in the percentage of Eagle Point Credit in which Creative Financial Designs Inc. ADV was invested was achieved during the second quarter. After making an additional purchase of 1,700 shares during the most recent quarter, Creative Financial Designs Inc. (ADV) now possesses a total of 2,700 shares of the investment management company’s stock, which are currently valued at $32,000. These shares were acquired due to the company’s purchase of additional shares during the previous quarter. During the second quarter, UBS Group AG saw a rise of 20.8% in the percentage of its holdings comprised of Eagle Point Credit. After purchasing an additional 1,559 shares during the most recent quarter, UBS Group AG now has 9,066 shares of the investment management company’s stock, which is currently valued at $106,000. These shares were acquired during the most recent quarter. The Bank of America Corp. (DE) increased the proportion of Eagle Point Credit owned by 21.2% over the first three months of 2018. According to today’s closing price, Bank of America Corp. (DE) now owns 9,933 shares in the investment management company, which gives those shares a total value of $131,000 (based on the price at which they were last traded). During the most recent fiscal quarter, 1,740 shares were purchased, which made this accomplishment possible. Last but not least, during the first three months of this year, Chicago Partners Investment Group LLC purchased a new interest in Eagle Point Credit, approximately $135,000 in value. Institutional investors and investors participating in hedge funds currently hold a combined total of 18.95% of the company’s stock.

Tuesday began trading in ECC stock for $10.60 per share. The value of the company’s beta metric is currently at 0.84, its P/E ratio is currently at -4.45, and its market capitalization is currently at $437.40 million. During the past year, the share price of Eagle Point Credit Company Inc. has fluctuated between $9.96 and $14.28, reaching a low of $9.96 and a high of $14.28, respectively. The price of the stock’s moving average over the past fifty days is currently at $10.83, while the price of its moving average over the past 200 days is currently at $11.16.

On November 15, the most recent quarterly earnings report for Eagle Point Credit, traded on the NYSE under the symbol ECC, was made public. The investment management company’s quarterly earnings per share came in at $0.41, which was in line with the predictions made by analysts, who had predicted earnings of $0.41 for the quarter. The company’s sales for the quarter brought in $30.19 million, which was significantly more than the consensus estimate of $28.70 million derived from market research. Experts in a market research project that Eagle Point Credit Company, Inc. will generate $1.55 in earnings per share in 2018 and base their projections on historical data.

The company announced that it would be paying a dividend on February 28, and the company declared the dividend. In addition, the company has stated that it will be paying the dividend. On February 8, shareholders registered as owning the company will be eligible to receive a dividend payment of $0.14 per share. The date determining whether a dividend is payable will be the seventh Tuesday of February. At this point, the payout ratio for Eagle Point Credit is 68.91% below zero.

On Thursday, October 20, B. Riley published a separate research report stating that they had decreased their price objective for Eagle Point Credit from $14.00 to $13.00 and had given the company a “buy” rating. The report also stated that they had given the company a “buy” rating.

A private investment corporation such as Eagle Point Credit Co., Inc. is an example of such a corporation. It focuses the majority of its investments on collateralized loan obligations (CLO) and equity and junior debt tranches to generate high current income in addition to substantial appreciate

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