Eagle Point Credit - ECC Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eagle Point Credit in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" ECC shares.
View ECC analyst ratings or view top-rated stocks.

1 equities research analysts have issued 12 month target prices for Eagle Point Credit's shares. Their ECC share price forecasts range from $13.00 to $13.00. On average, they expect the company's stock price to reach $13.00 in the next year. This suggests a possible upside of 16.3% from the stock's current price.
View analysts price targets for ECC or view top-rated stocks among Wall Street analysts.

Eagle Point Credit's stock was trading at $10.12 on January 1st, 2023. Since then, ECC shares have increased by 10.5% and is now trading at $11.18.
View the best growth stocks for 2023 here.

Eagle Point Credit saw a increase in short interest in February. As of February 28th, there was short interest totaling 750,800 shares, an increase of 8.2% from the February 13th total of 694,000 shares. Based on an average daily volume of 430,400 shares, the days-to-cover ratio is currently 1.7 days.
View Eagle Point Credit's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, May 22nd 2023.
View our ECC earnings forecast.

Eagle Point Credit Company Inc. (NYSE:ECC) announced its quarterly earnings results on Wednesday, February, 22nd. The investment management company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by $0.13. The investment management company earned $32.52 million during the quarter, compared to the consensus estimate of $30.90 million.

Eagle Point Credit announced a quarterly dividend on Monday, February 27th. Shareholders of record on Monday, June 12th will be given a dividend of $0.14 per share on Friday, June 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date is Friday, June 9th.
Read our dividend analysis for ECC.

ETFs with the largest weight of Eagle Point Credit (NYSE:ECC) stock in their portfolio include Virtus Private Credit Strategy ETF (VPC).Pacer Pacific Asset Floating Rate High Income ETF (FLRT).

Eagle Point Credit (NYSE:ECC) pays an annual dividend of $1.68 per share and currently has a dividend yield of 15.29%. ECC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for ECC.

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 a variety of institutional and retail investors. Top institutional shareholders include Enstar Group LTD (0.82%), Bard Associates Inc. (0.66%), Morgan Stanley (0.57%), Commonwealth Equity Services LLC (0.26%), Wedbush Securities Inc. (0.22%) and BI Asset Management Fondsmaeglerselskab A S (0.17%). Insiders that own company stock include Kenneth P Onorio, Kevin F Mcdonald, Nauman S Malik, Oa Eagle Group Investors, Llc, Paul E Tramontano, Scott W Appleby and Thomas P Majewski.
View institutional ownership trends.

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

One share of ECC stock can currently be purchased for approximately $11.18.

Eagle Point Credit (NYSE:ECC) has a market capitalization of $461.29 million and generates $118.43 million in revenue each year. The investment management company earns $-103,640,000.00 in net income (profit) each year or ($2.46) on an earnings per share basis.

Eagle Point Credit's mailing address is 20 HORSENECK LANE, GREENWICH CT, 06830. The official website for the company is www.eaglepointcreditcompany.com. The investment management company can be reached via phone at (203) 340-8510 or via email at ir@eaglepointcredit.com.