Eagle Point Credit Co Inc. (ECC): Kevin F. Mcdonald , director of Eagle Point Credit Co Inc. purchased 1,450 shares on Jun 20, 2016. The Insider buying transaction was reported by the company on Jun 21, 2016 to the Securities and Exchange Commission. The shares were purchased at $16.56 per share for a total value of $24,012.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 21, 2016, Daniel M. Spinner (other) purchased 235 shares at $24.00 per share price.On Mar 17, 2016, Thomas P. Majewski (CEO) purchased 1,250 shares at $24.23 per share price.Also, On Mar 16, 2016, Kenneth P. Onorio (CFO) purchased 1,600 shares at $15.67 per share price.On Jun 22, 2015, Jeffrey L. Weiss (director) purchased 2,000 shares at $25.10 per share price.
On Jun 2, 2016, Eagle Point Credit Company Inc announced a cash dividend of $0.6000. The company’s management has announced Jun 28, 2016 as the ex-dividend date and fixed the record date on Jun 30, 2016. The payable date has been fixed on Jul 29, 2016.
Company has been under the radar of several Street Analysts.Eagle Point Credit Company Inc is Reiterated by Deutsche Bank to Buy while Lowering the Price Target of the company shares to $ 18.50 from a previous price target of $19 . The Rating was issued on Mar 31, 2016.
Eagle Point Credit Company Inc. is a non-diversified closed end investment company. The Company’s primary investment objective is to generate high current income with a secondary objective to generate capital appreciation. It seeks to invest in equity and junior debt tranches of collateralized loan obligations (CLOs) with a portfolio of below investment grade United States senior secured loans. The CLO securities in which it will seek to invest are considered speculative with respect to timely payment of interest and repayment of principal. It may also invest in other securities and instruments related to these investments. It invests in various industries such as business equipment and services health care electronics/electrical leisure goods/activities/movies oil and gas lodging and casinos telecommunications financial intermediaries chemicals and plastics and retailers (except food and drug). Eagle Point Credit Management LLC is the investment advisor of the Company.