Eagle Point Credit Company Company Profile (NYSE:ECC)

About Eagle Point Credit Company

Eagle Point Credit Company logoEagle 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 invests primarily in equity and junior debt tranches of collateralized loan obligations (CLOs). 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; oil and gas, and lodging and casinos. The Company's advisor is Eagle Point Credit Management LLC.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Closed-End Fund - Debt
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: ECC
  • CUSIP:
Key Metrics:
  • Previous Close: $17.91
  • 50 Day Moving Average: $17.43
  • 200 Day Moving Average: $17.28
  • 52-Week Range: $14.34 - $19.15
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 7.72
  • P/E Growth: 0.00
  • Market Cap: $N/A
  • Beta: 0.29
Profitability:
  • Net Margins: 87.75%
Additional Links:
Companies Related to Eagle Point Credit Company:

Analyst Ratings

Consensus Ratings for Eagle Point Credit Company (NYSE:ECC) (?)
Ratings Breakdown: 2 Hold Ratings, 2 Buy Ratings
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $19.50 (4.39% upside)

Analysts' Ratings History for Eagle Point Credit Company (NYSE:ECC)
Show:
DateFirmActionRatingPrice TargetDetails
12/12/2016National SecuritiesReiterated RatingBuy$24.00View Rating Details
8/25/2016Deutsche Bank AGBoost Price TargetBuy$18.50 -> $19.00View Rating Details
8/25/2016Compass PointBoost Price TargetNeutral$15.00 -> $17.00View Rating Details
2/29/2016Keefe, Bruyette & WoodsLower Price TargetMarket Perform$20.00 -> $18.00View Rating Details
11/25/2015WunderlichLower Price TargetBuy$23.00 -> $18.50View Rating Details
(Data available from 2/25/2015 forward)

Earnings

Earnings History for Eagle Point Credit Company (NYSE:ECC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/19/2016Q116$0.57$0.61$13.43 millionViewN/AView Earnings Details
2/26/2016Q415$0.54$0.53$12.44 millionViewN/AView Earnings Details
8/26/2015Q215$0.46$0.46$10.65 millionViewListenView Earnings Details
5/27/2015Q115$0.51$0.38ViewListenView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Eagle Point Credit Company (NYSE:ECC)
Current Year EPS Consensus Estimate: $2.19 EPS
Next Year EPS Consensus Estimate: $2.42 EPS

Dividends

Current Dividend Information for Eagle Point Credit Company (NYSE:ECC)
Annual Dividend:$2.40
Dividend Yield:12.85%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:79.73% (Based on Trailing 12 Months of Earnings)
109.59% (Based on Current Year Consensus EPS Estimate)
99.17% (Based on Next Year Consensus EPS Estimate)

Dividend History for Eagle Point Credit Company (NYSE:ECC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
2/24/2017quarterly$0.204.28%3/13/20173/15/20173/31/2017
2/24/2017quarterly$0.204.28%3/6/20173/8/20173/15/2017
2/24/2017quarterly$0.204.28%4/12/20174/17/20174/28/2017
2/24/2017quarterly$0.204.28%5/11/20175/15/20175/31/2017
12/2/2016quarterly$0.6013.36%12/28/201612/30/20161/31/2017
9/2/2016quarterly$0.6013.35%9/28/20169/30/201610/31/2016
6/3/2016quarterly$0.6014.55%6/28/20166/30/20167/29/2016
3/3/2016quarterly$0.6015.52%3/29/20163/31/20164/29/2016
12/8/2015quarterly$0.6013.64%12/29/201512/31/20151/29/2016
9/2/2015quarterly$0.6011.68%9/28/20159/30/201510/30/2015
6/2/2015quarterly$0.6011.7%6/26/20156/30/20157/31/2015
3/4/2015monthly$0.6034.4%3/27/20153/31/20154/30/2015
10/15/2014quarterly$0.5512/29/201412/31/20141/26/2015
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Eagle Point Credit Company (NYSE:ECC)
Insider Ownership Percentage: 0.65%
Institutional Ownership Percentage: 65.72%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/1/2016Kenneth P. OnorioCFOBuy1,696$17.75$30,104.00View SEC Filing  
8/29/2016Kenneth P. OnorioCFOBuy1,726$17.47$30,153.22View SEC Filing  
6/21/2016Thomas P MajewskiPortfolio ManagerBuy1,000$16.47$16,470.00View SEC Filing  
6/20/2016Daniel M SpinnerPortfolio ManagerBuy1,887$16.57$31,267.59View SEC Filing  
6/20/2016Kevin F McdonaldDirectorBuy1,450$16.56$24,012.00View SEC Filing  
3/18/2016Daniel M SpinnerPortfolio ManagerBuy235$24.00$5,640.00View SEC Filing  
3/16/2016Thomas P MajewskiPortfolio ManagerBuy1,000$24.05$24,050.00View SEC Filing  
3/15/2016Kenneth P OnorioCFOBuy1,600$15.67$25,072.00View SEC Filing  
3/3/2016Gary Richard FreemanDirectorBuy6,000$0.19$1,140.00
2/29/2016Gary Richard FreemanDirectorBuy50,000$0.18$8,750.00
2/5/2016Gary Richard FreemanDirectorBuy16,000$0.14$2,240.00
2/2/2016Gary Richard FreemanDirectorBuy20,000$0.15$2,900.00
2/1/2016Gary Richard FreemanDirectorBuy9,500$0.16$1,472.50
12/31/2015Gary Richard FreemanDirectorBuy500$0.15$72.50
12/22/2015Gary Richard FreemanDirectorBuy5,500$0.14$742.50
12/21/2015Gary Richard FreemanDirectorBuy6,000$0.15$870.00
12/18/2015Gary Richard FreemanDirectorBuy25,000$0.15$3,625.00
12/15/2015Kenneth P. OnorioCFOBuy1,484$17.00$25,228.00View SEC Filing  
12/14/2015Thomas P. MajewskiPortfolio ManagerBuy1,000$24.55$24,550.00View SEC Filing  
12/2/2015Gary Richard FreemanDirectorBuy5,000$0.15$750.00
11/25/2015Gary Richard FreemanDirectorBuy21,500$0.15$3,117.50
9/15/2015Kenneth P. OnorioCFOBuy1,260$19.96$25,149.60View SEC Filing  
7/6/2015Gary Richard FreemanDirectorBuy16,000$0.13$2,080.00
6/29/2015Gary Richard FreemanDirectorBuy5,000$0.11$550.00
6/16/2015Daniel M SpinnerPortfolio ManagerBuy1,300$25.15$32,695.00View SEC Filing  
6/15/2015Daniel M SpinnerPortfolio ManagerBuy300$25.11$7,533.00View SEC Filing  
6/15/2015Gary Richard FreemanDirectorBuy25,000$0.14$3,500.00
6/15/2015Kenneth P OnorioCFOBuy1,219$20.66$25,184.54View SEC Filing  
5/26/2015Gary Richard FreemanDirectorBuy5,000$0.14$700.00
5/25/2015Gary Richard FreemanDirectorBuy15,000$0.14$2,100.00
5/8/2015Gary Richard FreemanDirectorBuy10,000$0.16$1,550.00
5/5/2015Gary Richard FreemanDirectorBuy1,000$0.15$150.00
5/4/2015Gary Richard FreemanDirectorBuy4,000$0.16$640.00
5/1/2015Gary Richard FreemanDirectorBuy12,000$0.15$1,800.00
4/17/2015Gary Richard FreemanDirectorBuy13,000$0.13$1,690.00
3/30/2015Gary Richard FreemanDirectorBuy5,000$0.15$725.00
3/25/2015Gary Richard FreemanDirectorBuy2,500$0.15$375.00
3/17/2015Gary Richard FreemanDirectorBuy8,000$0.14$1,120.00
12/11/2014Gary Richard FreemanDirectorBuy10,000$0.13$1,250.00
10/8/2014Eagle Point Credit ManagementInsiderBuy100,000$20.00$2,000,000.00View SEC Filing  
10/8/2014Jeffrey L WeissDirectorBuy12,500$20.00$250,000.00View SEC Filing  
10/8/2014Thomas P MajewskiPortfolio ManagerBuy17,588$20.00$351,760.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Eagle Point Credit Company (NYSE:ECC)
DateHeadline
finance.yahoo.com logoEagle Point Credit Company Inc. Announces Fourth Quarter 2016 and Year End 2016 Financial Results (NYSE:ECC)
finance.yahoo.com - February 24 at 11:45 AM
finance.yahoo.com logoEagle Point Credit Company Inc. Schedules Release of Fourth Quarter 2016 and Year End Financial Results (NYSE:ECC)
finance.yahoo.com - February 22 at 5:08 PM
finance.yahoo.com logoEagle Point Credit Company Inc. (ECC) (NYSE:ECC)
finance.yahoo.com - February 18 at 9:58 AM
finance.yahoo.com logoEagle Point Credit Company Inc. Announces First Quarter 2017 Preferred Distributions (NYSE:ECC)
finance.yahoo.com - January 3 at 6:43 PM
finance.yahoo.com logoEagle Point Credit Company Inc. Announces Exercise of Overallotment Option in Offering of Preferred Stock (NYSE:ECC)
finance.yahoo.com - December 28 at 9:52 PM
finance.yahoo.com logoEagle Point Credit Company Inc. Announces Exercise of Overallotment Option in Offering of Common Stock (NYSE:ECC)
finance.yahoo.com - December 28 at 4:52 PM
seekingalpha.com logoEagle Point Credit Company: A View From The Perspective Of A Preferred Investor (NYSE:ECC)
seekingalpha.com - December 18 at 4:57 PM
nasdaq.com logoEagle Point Credit Prices Offering of Preferred Stock at $25 Per Share (NYSE:ECC)
www.nasdaq.com - December 13 at 10:58 AM
feeds.reuters.com logoBRIEF-Eagle Point Credit Company Inc. announces offering of preferred stock (NYSE:ECC)
feeds.reuters.com - December 12 at 12:55 PM
4-traders.com logoEagle Point Credit Company Inc. : Announces Offering of Preferred Stock (NYSE:ECC)
www.4-traders.com - December 12 at 11:57 AM
marketexclusive.com logoAnalyst Activity – National Securities Reiterates Buy on Eagle Point Credit (NYSE:ECC) (NYSE:ECC)
marketexclusive.com - December 12 at 11:57 AM
reuters.com logoBRIEF-Eagle Point Credit Company announces offering of common stock (NYSE:ECC)
www.reuters.com - December 8 at 10:33 PM
nasdaq.com logoEagle Point Credit Slips 4.4% After Pricing Stock Offering at 3.5% Discount (NYSE:ECC)
www.nasdaq.com - December 8 at 10:33 PM
streetinsider.com logoEagle Point Credit (ECC) Prices Net $16.6M Common Stock Offering (NYSE:ECC)
www.streetinsider.com - December 8 at 10:33 PM
us.rd.yahoo.com logo4:42 pm Eagle Point Credit commences 1.15 mln share common stock offering; to use proceeds to acquire investments and general working capital purposes (NYSE:ECC)
us.rd.yahoo.com - December 7 at 10:20 PM
finance.yahoo.com logoEagle Point Credit Company Inc. Announces Fourth Quarter 2016 Common Distribution (NYSE:ECC)
finance.yahoo.com - December 1 at 4:59 PM
seekingalpha.com logoEagle Point Credit Company's (ECC) CEO Thomas Majewski on Q3 2016 Results - Earnings Call Transcript (NYSE:ECC)
seekingalpha.com - November 17 at 7:02 AM
businesswire.com logoEagle Point Credit Company Inc. Announces Third Quarter 2016 Financial Results (NYSE:ECC)
www.businesswire.com - November 16 at 4:52 PM
sg.finance.yahoo.com logoEagle Point posts 3Q profit (NYSE:ECC)
sg.finance.yahoo.com - November 16 at 4:52 PM
finance.yahoo.com logoThe Zacks Analyst Blog Highlights: Golub Capital BDC, Eagle Point Credit Company and Fidelity & Guaranty (NYSE:ECC)
finance.yahoo.com - November 16 at 4:52 PM
feeds.reuters.com logoBRIEF-Eagle Point Credit Company Q3 earnings per share view $0.57 (NYSE:ECC)
feeds.reuters.com - November 16 at 6:52 AM
finance.yahoo.com logoFinance Stocks' Q3 Earnings Slated on Nov 16: GBDC, FGL, ECC (NYSE:ECC)
finance.yahoo.com - November 15 at 5:06 PM
finance.yahoo.com logoEagle Point Credit Company Inc. Schedules Release of Third Quarter 2016 Financial Results (NYSE:ECC)
finance.yahoo.com - November 2 at 11:01 PM
finance.yahoo.com logoEagle Point Credit Company Inc. Announces Fourth Quarter 2016 Series B Preferred Stock Distributions (NYSE:ECC)
finance.yahoo.com - November 1 at 10:09 PM
finance.yahoo.com logoEagle Point Credit Company Inc. Announces Exercise of Overallotment Option in Preferred Stock Offering (NYSE:ECC)
finance.yahoo.com - October 27 at 4:50 PM
finance.yahoo.com logoEagle Point Credit Company Inc. Prices Offering of Preferred Stock (NYSE:ECC)
finance.yahoo.com - October 20 at 10:10 PM
nasdaq.com logoEagle Point Credit Company Prices Offering of Preferred Stock (NYSE:ECC)
www.nasdaq.com - October 6 at 10:18 AM
reuters.com logoBRIEF-Eagle Point Credit Company announces offering of preferred stock (NYSE:ECC)
www.reuters.com - October 5 at 4:56 PM
streetinsider.com logoForm 497 Eagle Point Credit Co (NYSE:ECC)
www.streetinsider.com - October 5 at 4:56 PM
nasdaq.com logoEagle Point Credit Commences Series B Preferred Stock Offering (NYSE:ECC)
www.nasdaq.com - October 5 at 4:56 PM
News IconEagle Point Credit Company Inc. Announces Offering of Preferred Stock (NYSE:ECC)
ih.advfn.com - October 5 at 4:56 PM
finance.yahoo.com logoEagle Point Credit Company Inc. Announces Fourth Quarter 2016 Preferred Distributions (NYSE:ECC)
finance.yahoo.com - October 4 at 9:36 AM
News IconAmerican Express Company shares rise as it ups investor payout (NYSE:ECC)
www.onenewspage.com - September 27 at 4:48 PM
seekingalpha.com logoEagle Point Credit announces common stock offering (NYSE:ECC)
seekingalpha.com - September 21 at 5:15 PM
stockhouse.com logoEagle Point Credit Company Inc. Announces Common Stock Offering (NYSE:ECC)
www.stockhouse.com - September 21 at 9:02 AM
4-traders.com logoEagle Point Credit Company Inc. : Prices Offering of Unsecured Notes (NYSE:ECC)
www.4-traders.com - September 19 at 3:37 PM
finance.yahoo.com logoEagle Point Credit Company Inc. Announces Third Quarter 2016 Common Distribution (NYSE:ECC)
finance.yahoo.com - September 14 at 4:51 PM
reuters.com logoBRIEF-Eagle Point Credit Company posts Q2 earnings $1.81/shr (NYSE:ECC)
www.reuters.com - August 26 at 7:31 AM
News IconEagle Point Credit Company Inc. Announces Second Quarter 2016 Financial Results (NYSE:ECC)
www.wallstreet-online.de - August 24 at 4:43 PM
finance.yahoo.com logoEagle Point Credit Company Inc. Schedules Release of Second Quarter 2016 Financial Results (NYSE:ECC)
finance.yahoo.com - August 11 at 4:53 PM
feeds.reuters.com logoBRIEF-Eagle Point Credit Company Inc Prices offering of unsecured notes (NYSE:ECC)
feeds.reuters.com - August 8 at 7:03 PM
seekingalpha.com logoOxford Lane - Return To Normalcy? (NYSE:ECC)
seekingalpha.com - August 2 at 4:54 PM
finance.yahoo.com logoEagle Point Credit Company Inc. Announces Third Quarter 2016 Preferred Distributions (NYSE:ECC)
finance.yahoo.com - July 5 at 4:36 PM
finance.yahoo.com logoStifel Financial Seeks to Improve Margins through Divestiture (NYSE:ECC)
finance.yahoo.com - June 28 at 9:37 AM
News IconChief Executive Officer of Eagle Point Creditny Inc (NYSE:ECC), Majewski Thomas P., buys 1,000 shares worth $16,470 (NYSE:ECC)
empowerednews.net - June 22 at 9:26 AM
finance.yahoo.com logoLegg Mason's (LM) CEO Package Drops 3.3% in Fiscal 2016 (NYSE:ECC)
finance.yahoo.com - June 16 at 8:16 AM
finance.yahoo.com logoNasdaq (NDAQ) Announces $500 Million Senior Notes Offering (NYSE:ECC)
finance.yahoo.com - June 3 at 9:04 AM
finance.yahoo.com logoEagle Point Credit Company Inc. Announces Second Quarter 2016 Common Distribution (NYSE:ECC)
finance.yahoo.com - June 2 at 5:17 PM
businesswire.com logoEagle Point Credit Company Inc. Prices Offering of Unsecured Notes (NYSE:ECC)
www.businesswire.com - June 1 at 11:00 PM
feeds.reuters.com logoBRIEF-Eagle point credit company says announces offering of unsecured notes (NYSE:ECC)
feeds.reuters.com - May 31 at 6:21 PM

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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 quarterly dividend on Friday, February 24th. Stockholders of record on Wednesday, March 15th will be paid a dividend of $0.20 per share on Friday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date is Monday, March 13th.

Where is Eagle Point Credit Company's stock going? Where will Eagle Point Credit Company's stock price be in 2017?

4 brokers have issued 1-year target prices for Eagle Point Credit Company's stock. Their predictions range from $17.00 to $24.00. On average, they anticipate Eagle Point Credit Company's share price to reach $19.50 in the next year.

What are analysts saying about Eagle Point Credit Company stock?

Here are some recent quotes from research analysts about Eagle Point Credit Company stock:

  • 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. " (1/18/2017)

  • National Securities analysts commented, "• The secondary offering was 1% above the most recently reported NAV/share midpoint of $17.23 as of 10/31/16. We expect that the green shoe will not be taken down given the offering was downsized.
    • The common offering after the $34.5 million of preferred issuance during the quarter likely points to robust portfolio growth and a good pipeline of opportunities. We expect that ECC will continue to focus more on primary origination relative to secondary purchases as the CLO equity market has rebounded strongly.
    • Primary issuance is likely to have favorable debt terms, with AAA tranches recently being priced at LIBOR plus 142-149 bps. At roughly 65% of the capital structure of a CLO, the savings on interest expense are potentially significant.
    • We expect ECC will continue to grow its portfolio through 2017 while remaining comfortably above the minimum asset coverage ratios for both its debt and preferred stock.
    • We are revising our 2016 NII/share estimate from $2.26 to $2.22 and our 2017 NII/share estimate from $2.61 to $2.58.
    " (12/12/2016)

Who owns Eagle Point Credit Company stock?

Eagle Point Credit Company's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Bard Associates Inc. (0.00%) and Freestone Capital Holdings 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.

Who sold Eagle Point Credit Company stock? Who is selling Eagle Point Credit Company stock?

Eagle Point Credit Company's stock was sold by a variety of institutional investors in the last quarter, including Freestone Capital Holdings LLC.

Who bought Eagle Point Credit Company stock? Who is buying Eagle Point Credit Company stock?

Eagle Point Credit Company's stock was acquired by a variety of institutional investors in the last quarter, including Bard Associates Inc.. Company insiders that have bought Eagle Point Credit Company stock in the last two years include Daniel M Spinner, Gary Richard Freeman, Kenneth P Onorio, Kevin F Mcdonald and Thomas P Majewski.

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.

How much does a share of Eagle Point Credit Company stock cost?

One share of Eagle Point Credit Company stock can currently be purchased for approximately $18.68.

Eagle Point Credit Company (NYSE:ECC) Chart for Saturday, February, 25, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Eagle Point Credit Company (NYSE:ECC)

Earnings History Chart

Earnings by Quarter for Eagle Point Credit Company (NYSE:ECC)

Dividend History Chart

Dividend Payments by Quarter for Eagle Point Credit Company (NYSE:ECC)

Last Updated on 2/25/2017 by MarketBeat.com Staff