Eagle Point Credit Stock Forecast, Price & News

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

Wall Street analysts have given Eagle Point Credit a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Eagle Point Credit wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Eagle Point Credit saw a increase in short interest in May. As of May 28th, there was short interest totaling 185,600 shares, an increase of 248.9% from the May 13th total of 53,200 shares. Based on an average trading volume of 177,900 shares, the days-to-cover ratio is presently 1.0 days.
View Eagle Point Credit's Short Interest.

Eagle Point Credit Company Inc. (NYSE:ECC) posted its quarterly earnings results on Monday, May, 17th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.02. The investment management company earned $17.20 million during the quarter, compared to analyst estimates of $16.80 million.
View Eagle Point Credit's earnings history.

Eagle Point Credit's stock was trading at $11.26 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, ECC stock has increased by 24.2% and is now trading at $13.99.
View which stocks have been most impacted by COVID-19.

Eagle Point Credit announced a monthly dividend on Monday, May 17th. Stockholders of record on Friday, September 10th will be given a dividend of $0.10 per share on Thursday, September 30th. This represents a $1.20 annualized dividend and a dividend yield of 8.58%. The ex-dividend date is Thursday, September 9th.
View Eagle Point Credit's dividend history.

Eagle Point Credit pays an annual dividend of $0.96 per share and currently has a dividend yield of 6.97%. ECC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Eagle Point Credit does not yet have a strong track record of dividend growth. The dividend payout ratio of Eagle Point Credit is 83.48%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Eagle Point Credit will have a dividend payout ratio of 282.35% in the coming year. This indicates that Eagle Point Credit may not be able to sustain their current dividend.
View Eagle Point Credit's dividend history.

2 Wall Street analysts have issued 1 year target prices for Eagle Point Credit's shares. Their forecasts range from $10.00 to $15.00. On average, they anticipate Eagle Point Credit's stock price to reach $12.50 in the next year. This suggests that the stock has a possible downside of 10.7%.
View analysts' price targets for Eagle Point Credit or view top-rated stocks among Wall Street analysts.

Some companies that are related to Eagle Point Credit include Pharma Mar (PHMMF), Indra Sistemas (ISMAY), FirstGroup (FGROY), Tokuyama (TKYMY), Clinigen Group (CLIGF), PAX Global Technology (PXGYF), Oxford Biomedica (OXBDF), Premier Foods (PRRFY), Elementis (ELMTY), Acacia Mining (ABGLF), Dundee Precious Metals (DPMLF), FIH Mobile (FXCNY), Morgan Advanced Materials (MCRUF), Lifestyle International (LFSYY) and Zealand Pharma A/S (ZLDPF).
View all of ECC's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Eagle Point Credit investors own include Oxford Lane Capital (OXLC), Energy Transfer (ET), Annaly Capital Management (NLY), NGL Energy Partners (NGL), New Residential Investment (NRZ), AT&T (T), AGNC Investment (AGNC), Cornerstone Strategic Value Fund (CLM), Cornerstone Total Return Fund (CRF) and Alliance Resource Partners (ARLP).

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

Eagle Point Credit's stock is owned by many different institutional and retail investors. Top institutional shareholders include Freestone Capital Holdings LLC (3.21%), Cadent Capital Advisors LLC (1.63%), Enstar Group LTD (0.99%), Birch Grove Capital LP (0.67%), Thomas J. Herzfeld Advisors Inc. (0.41%) and Pendal Group Limited (0.28%). Company insiders that own Eagle Point Credit stock include Daniel M Spinner, Kenneth P Onorio, Kevin F Mcdonald, Nauman S Malik, Paul E Tramontano, Scott W Appleby and Thomas P Majewski.
View institutional ownership trends for Eagle Point Credit.

ECC stock was sold by a variety of institutional investors in the last quarter, including Birch Grove Capital LP, Virtus ETF Advisers LLC, Oxinas Partners Wealth Management LLC, UBS Group AG, Mid Atlantic Financial Management Inc. ADV, Wedbush Securities Inc., and FNY Investment Advisers LLC.
View insider buying and selling activity for Eagle Point Credit or view top insider-selling stocks.

ECC stock was bought by a variety of institutional investors in the last quarter, including Cadent Capital Advisors LLC, Thomas J. Herzfeld Advisors Inc., Pendal Group Limited, Freestone Capital Holdings LLC, Envestnet Asset Management Inc., Cambridge Investment Research Advisors Inc., Royal Bank of Canada, and Morgan Stanley. Company insiders that have bought Eagle Point Credit stock in the last two years include Daniel M Spinner, Kenneth P Onorio, Kevin F Mcdonald, Nauman S Malik, Paul E Tramontano, Scott W Appleby, and Thomas P Majewski.
View insider buying and selling activity for Eagle Point Credit or or view top insider-buying stocks.

Shares of ECC 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.

One share of ECC stock can currently be purchased for approximately $13.99.

Eagle Point Credit has a market capitalization of $452.65 million and generates $63.55 million in revenue each year. The investment management company earns $60.89 million in net income (profit) each year or $1.15 on an earnings per share basis.

The official website for Eagle Point Credit is www.eaglepointcreditcompany.com.

Eagle Point Credit is headquartered at 20 HORSENECK LANE, GREENWICH CT, 06830.

Eagle Point Credit's mailing address is 20 HORSENECK LANE, GREENWICH CT, 06830. The investment management company can be reached via phone at 203-862-3150 or via email at [email protected]