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.
Eagle Point Credit Stock Up 0.8 %
Shares of NYSE:ECC traded up $0.09 during trading on Friday, hitting $11.27. The stock had a trading volume of 305,408 shares, compared to its average volume of 401,180. Eagle Point Credit has a 12 month low of $11.00 and a 12 month high of $15.54. The company has a market capitalization of $465.00 million, a PE ratio of 4.86 and a beta of 0.91. The firm's fifty day moving average is $11.78 and its 200 day moving average is $12.73.
Eagle Point Credit (NYSE:ECC - Get Rating) last announced its earnings results on Tuesday, May 24th. The investment management company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.07). The firm had revenue of $26.81 million during the quarter, compared to analysts' expectations of $25.70 million. Equities research analysts expect that Eagle Point Credit will post 1.52 EPS for the current fiscal year.
Eagle Point Credit Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Thursday, November 10th will be given a $0.14 dividend. This represents a $1.68 annualized dividend and a dividend yield of 14.91%. The ex-dividend date is Wednesday, November 9th. Eagle Point Credit's dividend payout ratio is currently 65.52%.