About Eagle Point Credit Company (NYSE:ECC)
Eagle Point Credit Company Inc. is a non-diversified, closed-end management investment company. The Company's primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation. The Company primarily invests in equity and junior debt tranches of collateralized loan obligations (CLOs) that are collateralized by a portfolio consisting primarily of the below investment grade United States senior secured loans. It may also invest in other securities and instruments related to these investments. The Company's portfolio includes its investments in various industries, such as business equipment and services; healthcare; electronics/electrical; leisure goods/activities/movies; retailers (except food and drug); chemicals and plastics; telecommunications; financial intermediaries, and utilities. The Company's advisor is Eagle Point Credit Management LLC.
Industry, Sector and Symbol:
- 50 Day Moving Avg: $20.83
- 200 Day Moving Avg: $20.55
- 52 Week Range: $16.13 - $22.11
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 8.82
- P/E Growth: 0.00
- Annual Dividend: $2.40
- Dividend Yield: 11.5%
- Net Margins: 134.32%
- Return on Equity: 10.56%
- Return on Assets: 6.96%
- Debt-to-Equity Ratio: 0.18%
- Current Ratio: 3.25%
- Quick Ratio: 3.25%
- Average Volume: 44,291 shs.
- Beta: 0.34
Frequently Asked Questions for Eagle Point Credit Company (NYSE:ECC)
What is Eagle Point Credit Company's stock symbol?
Eagle Point Credit Company trades on the New York Stock Exchange (NYSE) under the ticker symbol "ECC."
How often does Eagle Point Credit Company pay dividends? What is the dividend yield for Eagle Point Credit Company?
Eagle Point Credit Company declared a monthly dividend on Tuesday, October 3rd. Stockholders of record on Friday, November 10th will be given a dividend of $0.20 per share on Thursday, November 30th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 11.53%. The ex-dividend date is Thursday, November 9th. View Eagle Point Credit Company's Dividend History.
How were Eagle Point Credit Company's earnings last quarter?
Eagle Point Credit Company Inc. (NYSE:ECC) posted its quarterly earnings results on Tuesday, August, 15th. The company reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.02. The firm earned $16.23 million during the quarter, compared to analysts' expectations of $16.60 million. Eagle Point Credit Company had a return on equity of 10.56% and a net margin of 134.32%. View Eagle Point Credit Company's Earnings History.
When will Eagle Point Credit Company make its next earnings announcement?
Where is Eagle Point Credit Company's stock going? Where will Eagle Point Credit Company's stock price be in 2017?
4 analysts have issued 12 month price objectives for Eagle Point Credit Company's shares. Their predictions range from $20.50 to $24.00. On average, they expect Eagle Point Credit Company's stock price to reach $22.83 in the next year. View Analyst Ratings for Eagle Point Credit Company.
What are analysts saying about Eagle Point Credit Company stock?
Here are some recent quotes from research analysts about Eagle Point Credit Company stock:
- 1. According to Zacks Investment Research, "Eagle Point Credit Company Inc. is an externally managed closed-end management investment company. Its primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation. The Company invests primarily in equity and junior debt tranches of collateralized loan obligations (CLOs). Eagle Point Credit Company Inc. is based in United States. " (10/17/2017)
- 2. National Securities analysts commented, "• In 2Q17, ECC had NII + realized gains of $0.53/share, shy of both our estimate ($0.60) and consensus ($0.57). The weighted average yield of CLO equity investments made during the quarter was 15.89%, compared with 16.30% the quarter prior. The decline in effective yields linked Q/Q was almost entirely due to spread compression. With significant complacency in loan markets, prices are stubbornly high, making the reinvestment environment highly challenging for CLOs. While the company had 10 refinances on the quarter (7 of which were reflected in 2Q17 yields, 3 of which will fall into 3Q17) this was not enough to fully offset the pressure on asset yields.
• Despite the challenges, ECC posted portfolio cash distributions (PCD) per share of $1.75; flat with the prior quarter, although we note that in 1Q17 only 0.4% of PCD was from inaugural distributions (which are outsized) while in 2Q17 this composition jumped to 35.1%. Nonetheless, even without the inaugural distributions the run rate of PCD is significantly above GAAP NII, a trend we expect to continue.
• We expect the loan market to dislocate in 2018 as a result of what we see as overwhelming complacency that has dragged on for what we feel has been far too long. As a result, we expect NAV to improve through year-end 2017 before we model it to decrease significantly in 2018. We model the unrealized losses driving the NAV decreases we estimate to substantially improve effective yield and thus earnings.
• We are revising our 2017 NII+realized gains/share estimate to $2.27 from $2.47 and our 2018 NII+realized gains/share estimate to $2.45 from $2.58." (8/16/2017)
Who are some of Eagle Point Credit Company's key competitors?
Some companies that are related to Eagle Point Credit Company include Invesco California Value Municipal Income Trust (VCV), Triangle Capital Corporation (TCAP), PennantPark Investment Corporation (PNNT), BlackRock Capital Investment Corporation (BKCC), PennantPark Floating Rate Capital (PFLT), Foresight Solar Fund Ltd (FSFL), Fidus Investment Corporation (FDUS), TICC Capital Corp. (TICC), Gladstone Investment Corporation (GAIN), Medley Capital Corporation (MCC), WhiteHorse Finance (WHF), THL Credit (TCRD), Solar Senior Capital Ltd (SUNS), Fifth Street Senior Floating Rate Corp. (OCSI), Gladstone Capital Corporation (GLAD), Invesco Bond Fund (VBF), TriplePoint Venture Growth BDC Corp. (TPVG) and Stellus Capital Investment Corporation (SCM).
Who are Eagle Point Credit Company's key executives?
Eagle Point Credit Company's management team includes the folowing people:
- Kenneth P. Onorio, Chief Financial Officer, Chief Operating Officer
- Nauman S. Malik, Chief Compliance Officer, General Counsel
- Courtney B. Fandrick, Deputy Chief Compliance Officer, Secretary
- James R. Matthews, Chairperson of the Board
- Thomas P. Majewski, Chief Executive Officer, Director
- Scott W. Appleby, Independent Director
- Kevin F. McDonald, Independent Director
- Paul E. Tramontano, Independent Director
- Jeffrey L. Weiss, Independent Director
Who owns Eagle Point Credit Company stock?
Eagle Point Credit Company's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Mycio Wealth Partners LLC (0.00%). Company insiders that own Eagle Point Credit Company stock include Daniel M Spinner, Gary Richard Freeman, Kenneth P Onorio, Kevin F Mcdonald and Thomas P Majewski. View Institutional Ownership Trends for Eagle Point Credit Company.
Who sold Eagle Point Credit Company stock? Who is selling Eagle Point Credit Company stock?
How do I buy Eagle Point Credit Company stock?
Shares of Eagle Point Credit Company can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Eagle Point Credit Company's stock price today?
MarketBeat Community Rating for Eagle Point Credit Company (NYSE ECC)MarketBeat's community ratings are surveys of what our community members think about Eagle Point Credit Company and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Eagle Point Credit Company stock can currently be purchased for approximately $20.82.
Consensus Ratings for Eagle Point Credit Company (NYSE:ECC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||4 Buy Ratings|
|Consensus Rating:||Buy (Score: 3.00)|
|Consensus Price Target: ||$22.83 (9.67% upside)|Consensus Price Target History for Eagle Point Credit Company (NYSE:ECC)
Analysts' Ratings History for Eagle Point Credit Company (NYSE:ECC)
(Data available from 10/21/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/25/2017||Ladenburg Thalmann Financial Services||Initiated Coverage||Buy -> Buy||$20.50||Medium|
|8/16/2017||National Securities||Reiterated Rating||Buy||$24.00||Low|
|5/16/2017||CIBC||Initiated Coverage||Outperform -> Outperform||Low|
|5/16/2017||Oppenheimer Holdings, Inc.||Initiated Coverage||Outperform||$24.00||Low|
|8/25/2016||Deutsche Bank AG||Boost Price Target||Buy||$18.50 -> $19.00||N/A|
|8/25/2016||Compass Point||Boost Price Target||Neutral||$15.00 -> $17.00||N/A|
|2/29/2016||Keefe, Bruyette & Woods||Lower Price Target||Market Perform||$20.00 -> $18.00||N/A|
|11/25/2015||Wunderlich||Lower Price Target||Buy||$23.00 -> $18.50||N/A|
Earnings History for Eagle Point Credit Company (NYSE:ECC)Earnings History by Quarter for Eagle Point Credit Company (NYSE ECC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/15/2017|| || || || || || || || |
|8/15/2017||Q2 2017||$0.51||$0.53||$16.60 million||$16.23 million||View||N/A|
|2/24/2017||Q416||$0.55||$0.46||$13.75 million||$15.07 million||View||N/A|
|11/16/2016||Q316||$0.57||$0.54||$14.54 million||$13.75 million||View||N/A|
|8/24/2016||Q216||$0.59||$0.57||$14.04 million||$13.27 million||View||N/A|
|5/19/2016||Q116||$0.57||$0.60||$14.37 million||$13.76 million||View||N/A|
|2/26/2016||Q415||$0.54||$0.53||$12.44 million||$12.10 million||View||N/A|
|11/17/2015||Q315||$0.54||$0.51||$11.86 million||$11.69 million||View||N/A|
|8/26/2015||Q215||$0.46||$0.46||$10.65 million||$10.20 million||View||Listen|
Earnings Estimates for Eagle Point Credit Company (NYSE:ECC)
2017 EPS Consensus Estimate: $2.07
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Eagle Point Credit Company (NYSE:ECC)
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||46.15% (Trailing 12 Months of Earnings) |
111.63% (Based on This Year's Estimates)
101.69% (Based on Next Year's Estimates)
Dividend History by Quarter for Eagle Point Credit Company (NYSE ECC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Eagle Point Credit Company (NYSE:ECC)
Insider Ownership Percentage: 0.61%Insider Trades by Quarter for Eagle Point Credit Company (NYSE:ECC)
Institutional Ownership Percentage: 58.28%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|7/5/2017||Gary Richard Freeman||Director||Buy||4,500||$0.17||$765.00|
|9/1/2016||Kenneth P. Onorio||CFO||Buy||1,696||$17.75||$30,104.00|| |
|8/29/2016||Kenneth P. Onorio||CFO||Buy||1,726||$17.47||$30,153.22|| |
|6/21/2016||Thomas P Majewski||Portfolio Manager||Buy||1,000||$16.47||$16,470.00|| |
|6/20/2016||Daniel M Spinner||Portfolio Manager||Buy||1,887||$16.57||$31,267.59|| |
|6/20/2016||Kevin F Mcdonald||Director||Buy||1,450||$16.56||$24,012.00|| |
|3/18/2016||Daniel M Spinner||Portfolio Manager||Buy||235||$24.00||$5,640.00|| |
|3/16/2016||Thomas P Majewski||Portfolio Manager||Buy||1,000||$24.05||$24,050.00|| |
|3/15/2016||Kenneth P Onorio||CFO||Buy||1,600||$15.67||$25,072.00|| |
|3/3/2016||Gary Richard Freeman||Director||Buy||6,000||$0.19||$1,140.00|
|2/29/2016||Gary Richard Freeman||Director||Buy||50,000||$0.18||$8,750.00|
|2/5/2016||Gary Richard Freeman||Director||Buy||16,000||$0.14||$2,240.00|
|2/2/2016||Gary Richard Freeman||Director||Buy||20,000||$0.15||$2,900.00|
|2/1/2016||Gary Richard Freeman||Director||Buy||9,500||$0.16||$1,472.50|
|12/31/2015||Gary Richard Freeman||Director||Buy||500||$0.15||$72.50|
|12/22/2015||Gary Richard Freeman||Director||Buy||5,500||$0.14||$742.50|
|12/21/2015||Gary Richard Freeman||Director||Buy||6,000||$0.15||$870.00|
|12/18/2015||Gary Richard Freeman||Director||Buy||25,000||$0.15||$3,625.00|
|12/15/2015||Kenneth P. Onorio||CFO||Buy||1,484||$17.00||$25,228.00|| |
|12/14/2015||Thomas P. Majewski||Portfolio Manager||Buy||1,000||$24.55||$24,550.00|| |
|12/2/2015||Gary Richard Freeman||Director||Buy||5,000||$0.15||$750.00|
|11/25/2015||Gary Richard Freeman||Director||Buy||21,500||$0.15||$3,117.50|
|9/15/2015||Kenneth P. Onorio||CFO||Buy||1,260||$19.96||$25,149.60|| |
|7/6/2015||Gary Richard Freeman||Director||Buy||16,000||$0.13||$2,080.00|
|6/29/2015||Gary Richard Freeman||Director||Buy||5,000||$0.11||$550.00|
|6/16/2015||Daniel M Spinner||Portfolio Manager||Buy||1,300||$25.15||$32,695.00|| |
|6/15/2015||Daniel M Spinner||Portfolio Manager||Buy||300||$25.11||$7,533.00|| |
|6/15/2015||Gary Richard Freeman||Director||Buy||25,000||$0.14||$3,500.00|
|6/15/2015||Kenneth P Onorio||CFO||Buy||1,219||$20.66||$25,184.54|| |
|5/26/2015||Gary Richard Freeman||Director||Buy||5,000||$0.14||$700.00|
|5/25/2015||Gary Richard Freeman||Director||Buy||15,000||$0.14||$2,100.00|
|5/8/2015||Gary Richard Freeman||Director||Buy||10,000||$0.16||$1,550.00|
|5/5/2015||Gary Richard Freeman||Director||Buy||1,000||$0.15||$150.00|
|5/4/2015||Gary Richard Freeman||Director||Buy||4,000||$0.16||$640.00|
|5/1/2015||Gary Richard Freeman||Director||Buy||12,000||$0.15||$1,800.00|
|4/17/2015||Gary Richard Freeman||Director||Buy||13,000||$0.13||$1,690.00|
|3/30/2015||Gary Richard Freeman||Director||Buy||5,000||$0.15||$725.00|
|3/25/2015||Gary Richard Freeman||Director||Buy||2,500||$0.15||$375.00|
|3/17/2015||Gary Richard Freeman||Director||Buy||8,000||$0.14||$1,120.00|
|12/11/2014||Gary Richard Freeman||Director||Buy||10,000||$0.13||$1,250.00|
|10/8/2014||Eagle Point Credit Management||Insider||Buy||100,000||$20.00||$2,000,000.00|| |
|10/8/2014||Jeffrey L Weiss||Director||Buy||12,500||$20.00||$250,000.00|| |
|10/8/2014||Thomas P Majewski||Portfolio Manager||Buy||17,588||$20.00||$351,760.00|| |
Headline Trends for Eagle Point Credit Company (NYSE:ECC)
Latest Headlines for Eagle Point Credit Company (NYSE:ECC)
Eagle Point Credit Company (ECC) Chart for Saturday, October, 21, 2017