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: $20.02
- 200 Day Moving Avg: $18.52
- 52 Week Range: $15.72 - $22.11
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 8.29
- P/E Growth: 0.00
- Average Volume: 96,186 shs.
- Beta: 0.29
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 quarterly dividend on Friday, February 24th. Shareholders 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 annualized dividend and a yield of 4.00%. The ex-dividend date is Monday, March 13th. 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) announced its earnings results on Wednesday, August, 24th. The company reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by $0.02. The firm earned $13.27 million during the quarter, compared to analyst estimates of $14.04 million. View Eagle Point Credit Company's Earnings History.
Where is Eagle Point Credit Company's stock going? Where will Eagle Point Credit Company's stock price be in 2017?
5 brokerages 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 stock price to reach $21.00 in the next twelve months. 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. National Securities analysts commented, "• ECC posted NII + realized gains for the quarter of $0.60/share and NII/share of $0.52 versus our estimate of $0.52. We note that the realized gains typically move inversely with investment income as the more CLOs are sold the less in the portfolio to generate interest income and fee rebates. Portfolio cash distributions (PCD) per share were $1.75 versus our estimate of $1.80 and we note that only 0.4% of these cash flows came from inaugural distributions which are typically outsized. Thus the run rate on what can be deemed “recurring” cash flows is very strong for ECC.
• The portfolio at par value grew to $597.8 million from $582.0 million Q/Q. The company deployed $51.4 million of capital and made one primary origination and ten secondary purchases. The company also sold $12.3 million of CLO equity, driving the net realized gain of $700,000. The company was able to complete ten refinances and two resets during the year so far. Despite the weighted average GAAP yield on the CLO equity book declining Q/Q to 16.21% from 17.48% the quarter prior as a result of further spread tightening, we note that the refinances and resets (which we expect more of) bode well for future cash-on-cash returns.
• We are going to begin to publish estimates of NII + realized gains per share and are estimating that this will be $2.49/share in 2017 and $2.63/share in 2018. " (5/24/2017)
- 2. 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)
Who are some of Eagle Point Credit Company's key competitors?
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 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 Stone Point Capital LLC (52.26%), Mycio Wealth Partners LLC (7.75%), PNC Financial Services Group Inc. (1.64%), Bard Associates Inc. (0.80%), Baird Financial Group Inc. (0.19%) and Relative Value Partners Group LLC (0.19%). 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?
Who bought Eagle Point Credit Company stock? Who is buying Eagle Point Credit Company stock?
Eagle Point Credit Company's stock was bought by a variety of institutional investors in the last quarter, including Baird Financial Group Inc., Bard Associates Inc. and Relative Value Partners Group LLC. 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. View Insider Buying and Selling for Eagle Point Credit Company.
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 $19.99.
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|
|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: $2.22
(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)
|Most Recent Dividend:||3/31/2017|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||79.73% (Trailing 12 Months of Earnings) |
104.80% (Based on This Year's Estimates)
99.59% (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: 0.65%Insider Trades by Quarter for Eagle Point Credit Company (NYSE:ECC)
Institutional Ownership Percentage: 65.72%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|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 Monday, May, 29, 2017