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NYSE:ECC

Eagle Point Credit (ECC) Stock Forecast, Price & News

$10.08
+0.02 (+0.20%)
(As of 11:02 AM ET)
Compare
Today's Range
$10.06
$10.14
50-Day Range
$10.06
$10.53
52-Week Range
$9.96
$11.79
Volume
93,327 shs
Average Volume
422,975 shs
Market Capitalization
$554.90 million
P/E Ratio
11.45
Dividend Yield
16.67%
Price Target
$11.00

Eagle Point Credit MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
9.3% Upside
$11.00 Price Target
Short Interest
Healthy
1.43% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.26mentions of Eagle Point Credit in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
0.74%
From $1.36 to $1.37 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.84 out of 5 stars

Finance Sector

711th out of 854 stocks

Private Households Industry

2nd out of 5 stocks


ECC stock logo

About Eagle Point Credit (NYSE:ECC) Stock

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. senior secured loans. Eagle Point Credit Company Inc. was formed on March 24, 2014 and is domiciled in the United States.

ECC Price History

ECC Stock News Headlines

Eagle Point Credit: Enjoy High Distributions For Now
This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
Eagle Point Credit (NYSE:ECC) Stock Rating Reaffirmed by B. Riley
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
Earn 17% Betting On America: Eagle Point Credit
Earn 17% Betting On America: Eagle Point Credit
Eagle Point Credit declares $0.14 dividend
See More Headlines
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ECC Company Calendar

Last Earnings
8/15/2023
Ex-Dividend for 9/29 Dividend
9/08/2023
Today
9/22/2023
Dividend Payable
9/29/2023
Ex-Dividend for 10/31 Dividend
10/10/2023
Dividend Payable
10/31/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Private households
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$11.00
High Stock Price Forecast
$12.00
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
+8.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$-101,810,000.00
Pretax Margin
59.96%

Debt

Sales & Book Value

Annual Sales
$118.43 million
Cash Flow
$1.25 per share
Book Value
$9.07 per share

Miscellaneous

Free Float
54,875,000
Market Cap
$558.21 million
Optionable
Not Optionable
Beta
0.86
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Key Executives

  • Mr. Thomas Philip Majewski CPA (Age 48)
    CEO & Interested Director
  • Mr. Kenneth Paul Onorio CPA (Age 54)
    CFO & COO
  • Mr. Kyle William McGrady
    Director of Marketing and Investor Relations
  • Mr. Nauman S. Malik (Age 42)
    Gen. Counsel & Chief Compliance Officer
  • Ms. Courtney Barrett Fandrick (Age 40)
    Sec.













ECC Stock - Frequently Asked Questions

Should I buy or sell Eagle Point Credit stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Eagle Point Credit in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ECC shares.
View ECC analyst ratings
or view top-rated stocks.

What is Eagle Point Credit's stock price forecast for 2023?

2 brokerages have issued twelve-month target prices for Eagle Point Credit's shares. Their ECC share price forecasts range from $10.00 to $12.00. On average, they predict the company's share price to reach $11.00 in the next year. This suggests a possible upside of 8.5% from the stock's current price.
View analysts price targets for ECC
or view top-rated stocks among Wall Street analysts.

How have ECC shares performed in 2023?

Eagle Point Credit's stock was trading at $10.12 at the beginning of 2023. Since then, ECC shares have increased by 0.2% and is now trading at $10.14.
View the best growth stocks for 2023 here
.

Are investors shorting Eagle Point Credit?

Eagle Point Credit saw a drop in short interest in August. As of August 31st, there was short interest totaling 786,100 shares, a drop of 18.6% from the August 15th total of 966,200 shares. Based on an average trading volume of 498,800 shares, the days-to-cover ratio is currently 1.6 days.
View Eagle Point Credit's Short Interest
.

How were Eagle Point Credit's earnings last quarter?

Eagle Point Credit Company Inc. (NYSE:ECC) announced its earnings results on Tuesday, August, 15th. The investment management company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.40 by $0.08. The investment management company had revenue of $31.73 million for the quarter, compared to the consensus estimate of $35.40 million. Eagle Point Credit had a net margin of 35.65% and a trailing twelve-month return on equity of 15.46%. During the same period last year, the company earned $0.43 EPS.

How often does Eagle Point Credit pay dividends? What is the dividend yield for Eagle Point Credit?

Eagle Point Credit declared a monthly dividend on Tuesday, August 15th. Shareholders of record on Monday, December 11th will be given a dividend of $0.14 per share on Friday, December 29th. This represents a $1.68 dividend on an annualized basis and a yield of 16.57%. The ex-dividend date of this dividend is Friday, December 8th.
Read our dividend analysis for ECC
.

What ETFs hold Eagle Point Credit's stock?

ETFs with the largest weight of Eagle Point Credit (NYSE:ECC) stock in their portfolio include Amplify High Income ETF (YYY) and WisdomTree Alternative Income Fund (HYIN).Virtus Private Credit Strategy ETF (VPC).

Is Eagle Point Credit a good dividend stock?

Eagle Point Credit (NYSE:ECC) pays an annual dividend of $1.68 per share and currently has a dividend yield of 16.57%. ECC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 190.91%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, ECC will have a dividend payout ratio of 122.63% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for ECC.

What other stocks do shareholders of Eagle Point Credit own?
What is Eagle Point Credit's stock symbol?

Eagle Point Credit trades on the New York Stock Exchange (NYSE) under the ticker symbol "ECC."

Who are Eagle Point Credit's major shareholders?

Eagle Point Credit's stock is owned by many different retail and institutional investors. Top institutional shareholders include Royal Bank of Canada (0.35%), Commonwealth Equity Services LLC (0.21%), Oxinas Partners Wealth Management LLC (0.19%), Black Swift Group LLC (0.16%), BI Asset Management Fondsmaeglerselskab A S (0.16%) and Roumell Asset Management LLC (0.15%). Insiders that own company stock include Kenneth P Onorio, Oa Eagle Group Investors, Llc and Thomas P Majewski.
View institutional ownership trends
.

How do I buy shares of Eagle Point Credit?

Shares of ECC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Eagle Point Credit's stock price today?

One share of ECC stock can currently be purchased for approximately $10.14.

How much money does Eagle Point Credit make?

Eagle Point Credit (NYSE:ECC) has a market capitalization of $558.21 million and generates $118.43 million in revenue each year. The investment management company earns $-101,810,000.00 in net income (profit) each year or $0.88 on an earnings per share basis.

How can I contact Eagle Point Credit?

Eagle Point Credit's mailing address is 20 HORSENECK LANE, GREENWICH CT, 06830. The official website for the company is www.eaglepointcreditcompany.com. The investment management company can be reached via phone at (203) 340-8510 or via email at ir@eaglepointcredit.com.

This page (NYSE:ECC) was last updated on 9/22/2023 by MarketBeat.com Staff

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