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

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.

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.

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.
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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.

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.

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.

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).

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.

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 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.

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

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.

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.