B. Riley Equities Analysts Cut Earnings Estimates for ECC

Eagle Point Credit Company Inc. (NYSE:ECC - Free Report) - Analysts at B. Riley lowered their Q2 2025 earnings estimates for Eagle Point Credit in a research report issued to clients and investors on Wednesday, May 28th. B. Riley analyst R. Binner now expects that the investment management company will post earnings per share of $0.26 for the quarter, down from their prior forecast of $0.28. The consensus estimate for Eagle Point Credit's current full-year earnings is $1.10 per share. B. Riley also issued estimates for Eagle Point Credit's Q4 2025 earnings at $0.29 EPS.

Eagle Point Credit (NYSE:ECC - Get Free Report) last issued its earnings results on Wednesday, May 28th. The investment management company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.02. Eagle Point Credit had a net margin of 44.67% and a return on equity of 12.53%. The firm had revenue of $52.30 million for the quarter, compared to analyst estimates of $53.54 million.

Other analysts have also issued research reports about the stock. Credit Suisse Group set a $7.50 target price on shares of Eagle Point Credit in a research report on Thursday. Keefe, Bruyette & Woods cut their price target on shares of Eagle Point Credit from $9.00 to $7.50 and set a "market perform" rating on the stock in a report on Thursday.

Eagle Point Credit Price Performance

Eagle Point Credit stock traded up $0.15 during mid-day trading on Friday, reaching $7.85. The company had a trading volume of 1,327,334 shares, compared to its average volume of 1,152,898. Eagle Point Credit has a fifty-two week low of $6.54 and a fifty-two week high of $10.49. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.18. The company has a market cap of $604.04 million, a P/E ratio of 9.35 and a beta of 0.46. The business has a fifty day simple moving average of $7.70 and a 200 day simple moving average of $8.43.

Eagle Point Credit Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.68 annualized dividend and a yield of 21.40%. Eagle Point Credit's payout ratio is 200.00%.

Insider Activity at Eagle Point Credit

In other news, CEO Thomas P. Majewski bought 1,087 shares of the company's stock in a transaction that occurred on Friday, March 21st. The shares were acquired at an average price of $23.00 per share, for a total transaction of $25,001.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,087 shares in the company, valued at approximately $25,001. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.17% of the stock is owned by company insiders.

Hedge Funds Weigh In On Eagle Point Credit

Several hedge funds and other institutional investors have recently bought and sold shares of ECC. Legacy Investment Solutions LLC increased its stake in Eagle Point Credit by 20,306.0% in the fourth quarter. Legacy Investment Solutions LLC now owns 847,871 shares of the investment management company's stock valued at $7,580,000 after purchasing an additional 843,716 shares in the last quarter. Wedbush Securities Inc. increased its stake in Eagle Point Credit by 31.3% in the first quarter. Wedbush Securities Inc. now owns 745,271 shares of the investment management company's stock valued at $6,037,000 after purchasing an additional 177,661 shares in the last quarter. PFG Investments LLC increased its stake in Eagle Point Credit by 10.7% in the first quarter. PFG Investments LLC now owns 685,957 shares of the investment management company's stock valued at $5,556,000 after purchasing an additional 66,558 shares in the last quarter. Freestone Capital Holdings LLC increased its stake in Eagle Point Credit by 57.9% in the first quarter. Freestone Capital Holdings LLC now owns 350,614 shares of the investment management company's stock valued at $2,840,000 after purchasing an additional 128,531 shares in the last quarter. Finally, Money Concepts Capital Corp increased its stake in Eagle Point Credit by 61.3% in the first quarter. Money Concepts Capital Corp now owns 308,196 shares of the investment management company's stock valued at $2,496,000 after purchasing an additional 117,157 shares in the last quarter. Institutional investors and hedge funds own 19.50% of the company's stock.

Eagle Point Credit Company 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.