NYSE:ECCEAGLE POINT CR/COM Stock Price, Forecast & News

EAGLE POINT CR/COM's stock was trading at $11.26 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, ECC shares have decreased by 30.9% and is now trading at $7.78.
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3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for EAGLE POINT CR/COM in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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EAGLE POINT CR/COM (NYSE:ECC) issued its earnings results on Thursday, May, 21st. The investment management company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.32 by $0.04. The investment management company had revenue of $17.66 million for the quarter, compared to analysts' expectations of $15.50 million.
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EAGLE POINT CR/COM announced a monthly dividend on Wednesday, August 12th. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.08 per share on Monday, November 30th. This represents a $0.96 dividend on an annualized basis and a yield of 12.34%. The ex-dividend date of this dividend is Tuesday, November 10th.
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3 brokerages have issued 12-month price targets for EAGLE POINT CR/COM's stock. Their forecasts range from $8.00 to $16.00. On average, they expect EAGLE POINT CR/COM's stock price to reach $12.00 in the next year. This suggests a possible upside of 54.2% from the stock's current price.
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News coverage about ECC stock has trended extremely negative on Thursday, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. EAGLE POINT CR/COM earned a media sentiment score of -4.1 on InfoTrie's scale. They also assigned media stories about the investment management company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the near future.
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EAGLE POINT CR/COM saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 1,000,000 shares, an increase of 44.9% from the January 31st total of 690,000 shares. Based on an average daily trading volume, of 210,500 shares, the days-to-cover ratio is presently 4.8 days.
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Some companies that are related to EAGLE POINT CR/COM include Northgate (NGTEF), Casio Computer (CHYCY), PETROFAC LTD/ADR (POFCY), IQE (IQEPF), Orocobre (OROCF), FIRSTGROUP/ADR (FGROY), TCG BDC (CGBD), OPHIR ENERGY PL/ADR (OPHRY), Absolute Software (ALSWF), Paypoint (PYPTF), ELEMENTIS PLC/ADR (ELMTY), SThree (STREF), DATATEC Ltd/ADR (DTTLY), Wandisco (WANSF) and Capstone Mining (CSFFF).
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Based on aggregate information from My MarketBeat watchlists, some companies that other EAGLE POINT CR/COM investors own include Oxford Lane Capital (OXLC), Energy Transfer LP Unit (ET), ANNALY CAP MGMT/SH (NLY), NGL Energy Partners (NGL), New Residential Investment (NRZ), Cornerstone Strategic Value Fund (CLM), AT&T (T), Cornerstone Total Return Fund (CRF), AGNC Investment (AGNC) and Martin Midstream Partners (MMLP).

EAGLE POINT CR/COM trades on the New York Stock Exchange (NYSE) under the ticker symbol "ECC."

EAGLE POINT CR/COM's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Belpointe Asset Management LLC (0.43%), National Asset Management Inc. (0.40%), Commonwealth Equity Services LLC (0.40%), Wedbush Securities Inc. (0.34%), Mid Atlantic Financial Management Inc. ADV (0.29%) and 6 Meridian (0.24%). Company insiders that own EAGLE POINT CR/COM stock include Daniel M Spinner, Kenneth P Onorio, Kevin F Mcdonald, Nauman S Malik, Paul E Tramontano, Scott W Appleby and Thomas P Majewski.
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ECC stock was sold by a variety of institutional investors in the last quarter, including Belpointe Asset Management LLC, 6 Meridian, National Asset Management Inc., and UBS Group AG.
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ECC stock was acquired by a variety of institutional investors in the last quarter, including Commonwealth Equity Services LLC, Virtu Financial LLC, Mid Atlantic Financial Management Inc. ADV, Sage Capital Advisors llc, Wedbush Securities Inc., and Cambridge Investment Research Advisors Inc.. Company insiders that have bought EAGLE POINT CR/COM 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 CR/COM.

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

One share of ECC stock can currently be purchased for approximately $7.78.

EAGLE POINT CR/COM has a market capitalization of $183.97 million and generates $66.44 million in revenue each year. The investment management company earns $-8,690,000.00 in net income (profit) each year or $1.34 on an earnings per share basis.

The official website for EAGLE POINT CR/COM is www.eaglepointcreditcompany.com.

EAGLE POINT CR/COM'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]