Q2 EPS Forecast for Eagle Point Credit Lowered by Analyst

Eagle Point Credit Company Inc. (NYSE:ECC - Free Report) - Research analysts at B. Riley dropped their Q2 2025 earnings per share (EPS) estimates for shares of Eagle Point Credit in a research note issued to investors on Tuesday, July 15th. B. Riley analyst R. Binner now expects that the investment management company will post earnings per share of $0.25 for the quarter, down from their prior forecast of $0.26. 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 Q3 2025 earnings at $0.25 EPS, FY2025 earnings at $1.05 EPS and FY2026 earnings at $1.05 EPS.

Other equities research analysts have also recently issued reports about the company. Keefe, Bruyette & Woods lowered their target price on Eagle Point Credit from $9.00 to $7.50 and set a "market perform" rating for the company in a research note on Thursday, May 29th. Credit Suisse Group set a $7.50 target price on Eagle Point Credit in a research note on Thursday, May 29th.

Eagle Point Credit Trading Up 0.4%

Shares of NYSE ECC traded up $0.03 during midday trading on Wednesday, hitting $7.44. The stock had a trading volume of 2,286,101 shares, compared to its average volume of 1,201,842. The company's 50-day simple moving average is $7.65 and its 200 day simple moving average is $8.09. The firm has a market cap of $572.49 million, a P/E ratio of -18.60 and a beta of 0.41. Eagle Point Credit has a fifty-two week low of $6.54 and a fifty-two week high of $10.06. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.23 and a quick ratio of 2.23.

Eagle Point Credit (NYSE:ECC - Get Free Report) last released its quarterly 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 positive return on equity of 12.90% and a negative net margin of 27.15%. The firm had revenue of $52.30 million during the quarter, compared to analysts' expectations of $53.54 million.

Institutional Investors Weigh In On Eagle Point Credit

A number of institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC grew its stake in shares of Eagle Point Credit by 1.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 103,691 shares of the investment management company's stock worth $921,000 after purchasing an additional 1,666 shares during the period. Cape Investment Advisory Inc. grew its stake in shares of Eagle Point Credit by 91.2% during the first quarter. Cape Investment Advisory Inc. now owns 3,592 shares of the investment management company's stock worth $29,000 after purchasing an additional 1,713 shares during the period. B. Riley Wealth Advisors Inc. grew its stake in shares of Eagle Point Credit by 16.9% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 17,061 shares of the investment management company's stock worth $152,000 after purchasing an additional 2,463 shares during the period. Arete Wealth Advisors LLC grew its stake in shares of Eagle Point Credit by 15.9% during the first quarter. Arete Wealth Advisors LLC now owns 18,216 shares of the investment management company's stock worth $150,000 after purchasing an additional 2,495 shares during the period. Finally, Parisi Gray Wealth Management grew its stake in shares of Eagle Point Credit by 3.3% during the first quarter. Parisi Gray Wealth Management now owns 79,108 shares of the investment management company's stock worth $641,000 after purchasing an additional 2,558 shares during the period. 19.50% of the stock is owned by institutional investors and hedge funds.

Eagle Point Credit Dividend Announcement

The company also recently announced a dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, July 14th will be paid a $0.14 dividend. The ex-dividend date is Friday, July 11th. This represents a dividend yield of 21.79%. Eagle Point Credit's dividend payout ratio (DPR) is currently -455.00%.

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.