Eagle Point Credit Stock Forecast, Price & News

Eagle Point Credit's stock was trading at $11.26 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ECC shares have decreased by 17.0% and is now trading at $9.35.
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3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eagle Point Credit in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Eagle Point Credit Company Inc. (NYSE:ECC) posted its quarterly earnings data on Monday, November, 16th. The investment management company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.26 by $0.03.
View Eagle Point Credit's earnings history.

Eagle Point Credit declared a monthly dividend on Thursday, November 19th. Investors of record on Friday, March 12th will be given a dividend of $0.08 per share on Wednesday, March 31st. This represents a $0.96 annualized dividend and a dividend yield of 10.27%. The ex-dividend date is Thursday, March 11th.
View Eagle Point Credit's dividend history.

3 Wall Street analysts have issued 1 year price targets for Eagle Point Credit's stock. Their forecasts range from $10.00 to $10.00. On average, they expect Eagle Point Credit's share price to reach $10.00 in the next year. This suggests a possible upside of 7.0% from the stock's current price.
View analysts' price targets for Eagle Point Credit.

Eagle Point Credit saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 139,500 shares, a drop of 29.9% from the October 31st total of 198,900 shares. Based on an average daily trading volume, of 137,800 shares, the days-to-cover ratio is currently 1.0 days.
View Eagle Point Credit's Short Interest.

Some companies that are related to Eagle Point Credit include Oxford Biomedica (OXBDF), Morgan Advanced Materials (MCRUF), IQE (IQEPF), Orocobre (OROCF), Petrofac (POFCY), Northgate (NGTEF), Capstone Mining (CSFFF), TCG BDC (CGBD), Chiyoda (CHYCY), OPHIR ENERGY PL/ADR (OPHRY), Absolute Software (ALSWF), Absolute Software (ABST), PayPoint (PYPTF), Elementis (ELMTY) and SThree (STREF).
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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 investors include Freestone Capital Holdings LLC (4.15%), Virtus ETF Advisers LLC (0.52%), Commonwealth Equity Services LLC (0.38%), Wedbush Securities Inc. (0.33%), Morgan Stanley (0.27%) and Kestra Private Wealth Services LLC (0.10%). Company insiders that own Eagle Point Credit stock include Daniel M Spinner, Kenneth P Onorio, Kevin F Mcdonald, Nauman S Malik, Paul E Tramontano, Scott W Appleby and Thomas P Majewski.
View institutional ownership trends for Eagle Point Credit.

ECC stock was sold by a variety of institutional investors in the last quarter, including Commonwealth Equity Services LLC, Kovack Advisors Inc., and Wedbush Securities Inc..
View insider buying and selling activity for Eagle Point Credit.

ECC stock was purchased by a variety of institutional investors in the last quarter, including Virtus ETF Advisers LLC, Morgan Stanley, Kestra Private Wealth Services LLC, Avantax Advisory Services Inc., Essex Financial Services Inc., and Freestone Capital Holdings LLC. Company insiders that have bought Eagle Point Credit stock in the last two years include Daniel M Spinner, Kenneth P Onorio, Kevin F Mcdonald, Nauman S Malik, Paul E Tramontano, Scott W Appleby, and Thomas P Majewski.
View insider buying and selling activity for Eagle Point Credit.

Shares of ECC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ECC stock can currently be purchased for approximately $9.35.

Eagle Point Credit has a market capitalization of $221.10 million and generates $66.44 million in revenue each year. The investment management company earns $-8,690,000.00 in net income (profit) each year or $1.34 on an earnings per share basis.

The official website for Eagle Point Credit is www.eaglepointcreditcompany.com.

Eagle Point Credit's mailing address is 20 HORSENECK LANE, GREENWICH CT, 06830. The investment management company can be reached via phone at 203-862-3150 or via email at [email protected]