Noteworthy Ownership Action: Is Ecc International Corp (NYSE:ECC) Going to Burn These Institutional Investors?

November 21, 2016 - By Vivian Park   ·   0 Comments

Noteworthy Ownership Action: Is Ecc International Corp (NYSE:ECC) Going to Burn These Institutional Investors?

Sentiment for Ecc International Corp (NYSE:ECC)

Ecc International Corp (NYSE:ECC) institutional sentiment decreased to 1.6 in 2016 Q2. Its down -7.40, from 9 in 2016Q1. The ratio has dropped, as 9 institutional investors started new and increased equity positions, while 1 decreased and sold their positions in Ecc International Corp. The institutional investors in our partner’s database reported: 4.38 million shares, up from 2.06 million shares in 2016Q1. Also, the number of institutional investors holding Ecc International Corp in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 0 Reduced: 1 Increased: 4 New Position: 5.

Eagle Point Credit Company Inc. is a non-diversified, closed-end management investment company. The company has a market cap of $269.63 million. The Company’s primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation. It currently has negative earnings. The Firm invests primarily in equity and junior debt tranches of collateralized loan obligations .

About 15,510 shares traded hands. Eagle Point Credit Company Inc (NYSE:ECC) has declined 4.30% since April 19, 2016 and is downtrending. It has underperformed by 8.16% the S&P500.

According to Zacks Investment Research, “Eagle Point Credit Company Inc. is an externally managed closed-end management investment company. Its primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation. The Company invests primarily in equity and junior debt tranches of collateralized loan obligations (CLOs). Eagle Point Credit Company Inc. is based in United States.”

Mycio Wealth Partners Llc holds 3.8% of its portfolio in Eagle Point Credit Company Inc for 1.38 million shares. Bard Associates Inc owns 112,704 shares or 0.96% of their US portfolio. Moreover, Freestone Capital Holdings Llc has 0.21% invested in the company for 135,042 shares. The Michigan-based Clenar Muke Llc has invested 0.06% in the stock. National Asset Management Inc., a New York-based fund reported 16,158 shares.#img1#

Eagle Point Credit Company Inc (NYSE:ECC) Ratings Coverage

Ratings analysis reveals 50% of Eagle Point Credit Company’s analysts are positive. Out of 4 Wall Street analysts rating Eagle Point Credit Company, 2 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $13 while the high is $22.50. The stock’s average target of $18.17 is 2.95% above today’s ($17.65) share price. ECC was included in 8 notes of analysts from September 1, 2015. Wunderlich maintained Eagle Point Credit Company Inc (NYSE:ECC) on Wednesday, November 25 with “Buy” rating. On Thursday, August 25 the stock rating was maintained by Deutsche Bank with “Buy”. The firm has “Neutral” rating by Compass Point given on Thursday, August 25. Zacks upgraded the shares of ECC in a report on Monday, September 7 to “Hold” rating. The rating was downgraded by Compass Point on Tuesday, February 9 to “Neutral”. Deutsche Bank maintained Eagle Point Credit Company Inc (NYSE:ECC) rating on Thursday, March 31. Deutsche Bank has “Buy” rating and $18.50 price target.

More notable recent Eagle Point Credit Company Inc (NYSE:ECC) news were published by: Businesswire.com which released: “Eagle Point Credit Company Inc. Announces Third Quarter 2016 Financial Results” on November 16, 2016, also Businesswire.com with their article: “Eagle Point Credit Company Inc. Announces Fourth Quarter 2016 Series B …” published on November 01, 2016, Businesswire.com published: “Eagle Point Credit Company Inc. Announces Offering of Preferred Stock” on October 05, 2016. More interesting news about Eagle Point Credit Company Inc (NYSE:ECC) were released by: Businesswire.com and their article: “Eagle Point Credit Company Inc. Announces Third Quarter 2016 Common Distribution” published on August 19, 2016 as well as Businesswire.com‘s news article titled: “Eagle Point Credit Company Inc. Announces Common Stock Offering” with publication date: September 20, 2016.

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By Vivian Park


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