Thomas P. Majewski, CEO of the company, acquired 3,000 shares in a transaction on May 30th. The stock was bought at an average price of $20.80 for each share with a value of $62,400.00. The chief executive now owns approximately $62,400 worth of shares. This link will take you to a page that contains more information.
Eagle Point Credit Trading down 1.3 %
On Wednesday, the stock fell $0.13 to $10.12. Stock traded 612,329 more shares than its average volume, which is 363,889. The fifty-day simple moving trend of the company is $11.11; its 200-day simple moving trend is $10.94. Recently, the company announced a monthly distribution that will be paid out on Friday, 29th September. Investors who are registered on the Monday, September 11, will receive a $0.14 monthly dividend. This is a $1.68 dividend with a yield 16.60%. This dividend will be payable on Friday, September 8. Eagle Point Credit has a dividend payout ratio of -106.33%.
Inflows of Institutional Capital and Outflows
Hedge funds have increased or decreased their holdings of the stock in recent months. Enstar Group LTD increased its Eagle Point Credit holdings by 1.3% in the fourth quarter. Enstar Group LTD owns now 337,305 of the investment company's stock worth $3,414,000, after purchasing an additional 4,239 in the last quarter. Morgan Stanley increased its Eagle Point Credit holdings by 33.7% in the fourth quarter. Morgan Stanley owns 234,347 of the stock of the investment company valued at $2.372,000, after purchasing an additional 59.027 shares during the last quarter. Royal Bank of Canada increased its holdings in Eagle Point Credit shares by 10.2% over the third quarter. Royal Bank of Canada owns 146 736 shares of Eagle Point Credit's stock, valued at $1 615 000, after purchasing an additional 13,616 during the previous quarter. Oxinas Wealth Management LLC increased its holdings in Eagle Point Credit shares by 384.2 % during the first quarter. Oxinas Partner Wealth Management LLC owns 140 727 shares of Eagle Point Credit's stock, valued at $1,572,000, after purchasing an additional 111 665 shares during the previous quarter. Commonwealth Equity Services LLC increased its holdings in Eagle Point Credit shares by 3.7% over the first quarter. Commonwealth Equity Services LLC owns 110147 shares in the investment management firm's stock, valued at $1.230,000, after adding 3,886 more shares over the past quarter. 18.95% of company stock is owned by hedge funds and institutional investors.
Eagle Point Credit Company profile
Eagle Point Credit Co, Inc. is a closed investment company. The company's primary investment goal is to generate a high level of current income and capital appreciation through investments in CLOs, primarily the junior debt and equity tranches. The company was established on March 24, 2014. Its headquarters are in Greenwich CT.
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