NYSE:ECC

Eagle Point Credit Stock Forecast, Price & News

$13.99
+0.21 (+1.52 %)
(As of 06/14/2021 10:00 AM ET)
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Today's Range
$13.99
$13.99
50-Day Range
$12.15
$14.40
52-Week Range
$6.55
$14.44
Volume18 shs
Average Volume159,304 shs
Market Capitalization$452.65 million
P/E Ratio1.96
Dividend Yield6.97%
Beta1.19
30 days | 90 days | 365 days | Advanced Chart
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Eagle Point Credit logo

About Eagle Point Credit

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.

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Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

1.40 out of 5 stars

Finance Sector

756th out of 1,979 stocks

Private Households Industry

38th out of 380 stocks

Analyst Opinion: 1.5Community Rank: 2.6Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -
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Eagle Point Credit (NYSE:ECC) Frequently Asked Questions

Is Eagle Point Credit a buy right now?

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.

What stocks does MarketBeat like better than Eagle Point Credit?

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.

Are investors shorting Eagle Point Credit?

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
.

How were Eagle Point Credit's earnings last quarter?

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
.

How has Eagle Point Credit's stock price been impacted by Coronavirus?

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
.

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 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
.

Is Eagle Point Credit a good dividend stock?

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.

What price target have analysts set for ECC?

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.

Who are Eagle Point Credit's key executives?

Eagle Point Credit's management team includes the following people:
  • Mr. Thomas Philip Majewski CPA, CEO & Interested Director (Age 46)
  • Mr. Kenneth Paul Onorio CPA, CFO & COO (Age 52)
  • Mr. Kyle William McGrady, Director of Marketing and Investor Relations
  • Mr. Nauman S. Malik, Gen. Counsel & Chief Compliance Officer (Age 40)
  • Ms. Courtney Barrett Fandrick, Sec. (Age 38)

Who are some of Eagle Point Credit's key competitors?

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 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
.

Which major investors are selling Eagle Point Credit stock?

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.

Which major investors are buying Eagle Point Credit stock?

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.

How do I buy shares of Eagle Point Credit?

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.

What is Eagle Point Credit's stock price today?

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

How much money does Eagle Point Credit make?

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.

What is Eagle Point Credit's official website?

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

Where are Eagle Point Credit's headquarters?

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

How can I contact Eagle Point Credit?

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]


This page was last updated on 6/14/2021 by MarketBeat.com Staff
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