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

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.

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.

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.

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.

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.

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.

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).

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.

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 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.

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 $10.15.

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.

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.