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DOW   33,061.57
QQQ   352.01
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Eagle Point Credit (ECC) Stock Forecast, Price & News

$10.15
+0.03 (+0.30%)
(As of 06/1/2023 ET)
Compare
Today's Range
$10.15
$10.20
50-Day Range
$10.12
$11.68
52-Week Range
$9.96
$13.17
Volume
467,996 shs
Average Volume
388,578 shs
Market Capitalization
$558.76 million
P/E Ratio
N/A
Dividend Yield
16.55%
Price Target
$13.00

Eagle Point Credit MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
28.1% Upside
$13.00 Price Target
Short Interest
Healthy
2.43% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$62,400 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

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

2.09 out of 5 stars

Finance Sector

1365th out of 1,786 stocks

Private Households Industry

7th out of 10 stocks


ECC stock logo

About Eagle Point Credit (NYSE:ECC) Stock

Eagle Point Credit Co., Inc. is a closed-end investment company. Its investment objective is to generate high current income, and generate capital appreciation by investing primarily in equity and junior debt tranches of CLOs. The company was founded on March 24, 2014 and is headquartered in Greenwich, CT.

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ECC Stock News Headlines

Is Graphite the New Lithium?
Did you know that graphite (NOT lithium) is the largest component of lithium batteries used for EV's? Unfortunately, there are no graphite-producing mines in North America today. This leaves the U.S. at the mercy of China for our vital graphite supply.
The Real Problem With "Made in America" Lithium
Politicians love to say they support "Made in America" when it comes to manufacturing. But when it comes to lithium - the metal fueling our transition to electric vehicles - it's not that simple.
Eagle Point Credit (ECC) to Release Earnings on Tuesday
Eagle Point Credit declares $0.14 dividend
Eagle Point Credit Q4 2022 Earnings Preview
Eagle Point (ECC) Lags Q4 Earnings Estimates
Eagle Point Credit Q4 net investment income, NAV decline
See More Headlines

ECC Price History

ECC Company Calendar

Last Earnings
11/16/2021
Ex-Dividend for 5/31 Dividend
5/10/2023
Dividend Payable
5/31/2023
Today
6/01/2023
Ex-Dividend for 6/30 Dividend
6/09/2023
Dividend Payable
6/30/2023
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
$13.00
High Stock Price Forecast
$13.00
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
+28.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-103,640,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$118.43 million

Miscellaneous

Free Float
54,875,000
Market Cap
$558.76 million
Optionable
Not Optionable
Beta
0.86

Key Executives

  • Tom Majewski
    Chief Executive Officer & Director
  • Kenneth P. Onorio
    Chief Operating & Financial Officer
  • Nauman S. Malik
    Chief Compliance Officer
  • Courtney B. Fandrick
    Secretary













ECC Stock - Frequently Asked Questions

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

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

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

1 Wall Street analysts have issued 12 month target prices for Eagle Point Credit's shares. Their ECC share price forecasts range from $13.00 to $13.00. On average, they anticipate the company's share price to reach $13.00 in the next year. This suggests a possible upside of 28.1% 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 on January 1st, 2023. Since then, ECC stock has increased by 0.3% and is now trading at $10.15.
View the best growth stocks for 2023 here
.

Are investors shorting Eagle Point Credit?

Eagle Point Credit saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,340,000 shares, an increase of 12.6% from the April 30th total of 1,190,000 shares. Based on an average daily trading volume, of 353,800 shares, the short-interest ratio is presently 3.8 days.
View Eagle Point Credit's Short Interest
.

How were Eagle Point Credit's earnings last quarter?

Eagle Point Credit Company Inc. (NYSE:ECC) issued its quarterly earnings data on Tuesday, November, 16th. The investment management company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.05. The investment management company earned $24.30 million during the quarter, compared to analyst estimates of $22.25 million. During the same quarter last year, the firm posted $0.23 earnings per share.

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

Eagle Point Credit announced a monthly dividend on Wednesday, May 17th. Shareholders of record on Monday, September 11th will be paid a dividend of $0.14 per share on Friday, September 29th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 16.55%. The ex-dividend date of this dividend is Friday, September 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 Virtus Private Credit Strategy ETF (VPC) and WisdomTree Alternative Income Fund (HYIN).Pacer Pacific Asset Floating Rate High Income ETF (FLRT).

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 16.39%. ECC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
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 institutional and retail investors. Top institutional shareholders include Oxinas Partners Wealth Management LLC (0.34%), Commonwealth Equity Services LLC (0.20%), Wedbush Securities Inc. (0.17%), BI Asset Management Fondsmaeglerselskab A S (0.15%), Freestone Capital Holdings LLC (0.13%) and Matrix Private Capital Group LLC (0.11%). 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 $10.15.

How much money does Eagle Point Credit make?

Eagle Point Credit (NYSE:ECC) has a market capitalization of $558.76 million and generates $118.43 million in revenue each year. The investment management company earns $-103,640,000.00 in net income (profit) each year or ($1.58) 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 6/2/2023 by MarketBeat.com Staff

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