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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Private households
Sub-IndustryN/A
SectorFinance
SymbolNYSE:ECC
CUSIPN/A
Phone203-862-3150
Debt
Debt-to-Equity RatioN/A
Current RatioN/A
Quick RatioN/A
Price-To-Earnings
Trailing P/E Ratio9.78
Forward P/E Ratio11.01
P/E GrowthN/A
Sales & Book Value
Annual Sales$65.29 million
Price / Sales5.30
Cash Flow$1.9216 per share
Price / Cash9.57
Book Value$17.64 per share
Price / Book1.04
Profitability
EPS (Most Recent Fiscal Year)$1.88
Net Income$31.13 million
Net Margins58.09%
Return on Equity10.44%
Return on Assets7.05%
Miscellaneous
EmployeesN/A
Outstanding Shares18,800,000
Market Cap$345.71
EAGLE POINT Cr/COM (NYSE:ECC) Frequently Asked Questions
What is EAGLE POINT Cr/COM's stock symbol?
EAGLE POINT Cr/COM trades on the New York Stock Exchange (NYSE) under the ticker symbol "ECC."
How often does EAGLE POINT Cr/COM pay dividends? What is the dividend yield for EAGLE POINT Cr/COM?
EAGLE POINT Cr/COM announced a monthly dividend on Tuesday, July 3rd. Investors of record on Monday, August 13th will be paid a dividend of $0.20 per share on Friday, August 31st. This represents a $2.40 annualized dividend and a yield of 13.05%. The ex-dividend date of this dividend is Friday, August 10th. View EAGLE POINT Cr/COM's Dividend History.
How were EAGLE POINT Cr/COM's earnings last quarter?
EAGLE POINT Cr/COM (NYSE:ECC) released its quarterly earnings results on Thursday, May, 17th. The investment management company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.05. The investment management company earned $17.01 million during the quarter, compared to analyst estimates of $17.80 million. EAGLE POINT Cr/COM had a net margin of 58.09% and a return on equity of 10.44%. View EAGLE POINT Cr/COM's Earnings History.
When is EAGLE POINT Cr/COM's next earnings date?
What price target have analysts set for ECC?
4 brokerages have issued 12 month price objectives for EAGLE POINT Cr/COM's shares. Their predictions range from $20.00 to $24.00. On average, they anticipate EAGLE POINT Cr/COM's stock price to reach $21.1250 in the next twelve months. This suggests a possible upside of 14.9% from the stock's current price. View Analyst Ratings for EAGLE POINT Cr/COM.
What is the consensus analysts' recommendation for EAGLE POINT Cr/COM?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for EAGLE POINT Cr/COM in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
What are Wall Street analysts saying about EAGLE POINT Cr/COM stock?
Here are some recent quotes from research analysts about EAGLE POINT Cr/COM stock:
- 1. National Securities analysts commented, "• For 1Q18, Eagle Pointed had NII+realized gains per share (earnings) of $0.50, matching our estimate but exceeding consensus by $0.04/share. The company reset four CLOs during the quarter which likely had a materially negative impact on earnings although we note that the company still posted a sequential Q/Q increase in earnings.
• ECC purchased CLO equity with a weighted average yield of 17.37% on the quarter compared with an overall effective yield of 14.54% on the total portfolio. We expect that the outlook for yields for ECC will be favorable going forward. We are over two years into an environment of spread compression, and ECC has a multitude of CLO equity investments with non-call periods expiring. These CLOs were predominantly originated during a period of loan market dislocation and as such we think AAA discount margins (DM) were 150-160 bps. At today’s rates, we think Eagle Point can likely refinance these down to 100 – 105 bps.
• Additionally, we also think that credit markets will begin to experience dislocation in 2H18 which should continue into 1H19. Spread compression has abated and there is a significant amount of complacency that we see in the markets in terms of cov-lite deals, EBITDA add-backs, leverage multiples increasing, and pricing being disassociated from the reality of inherent risks. While we think the dislocation would be a negative for NAV, we expect this to significantly enhance cash flow and earnings as the reinvestment environment becomes more favorable but liabilities are locked in.
• Portfolio cash distributions (PCD) per share were down to $1.10 from $1.83 Q/Q although we expect that reset activity ate into this a lot. The company has already earned over $28M of PCD QTD for 2Q18, demonstrating that there is not an impairment of cash flows in the underlying CLOs but rather the ebb and flow of certain items that caused the sequential decrease.
• We are revising our 2018 NII+realized gains/share estimate to $1.96 from $2.05 and our 2019 NII+realized gains/share estimate to $2.27 from $2.20. ECC changed its accounting policy regarding debt issuance and will recognize the entire cost of debt issuance up front as opposed to amortizing it over the expected life of the debt. We expect this will lead to significantly lower earnings in 2Q18 as a result of the $2.1 million of debt issuance costs pertaining to the notes and $1.6 million of losses pertaining to the redemption of existing notes using the proceeds from the new issuance. " (5/18/2018)
- 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. " (2/26/2018)
Who are some of EAGLE POINT Cr/COM's key competitors?
Some companies that are related to EAGLE POINT Cr/COM include SUPERDRY PLC/ADR (SEPGY), Clinigen Group (CLIGF), FirstGroup (FGROY), XTEP Intl HOLDI/ADR (XTEPY), Morgan Advanced Ma (MCRUF), Ted Baker (TBAKF), Hochschild Mining (HCHDF), FIH MOBILE Ltd/ADR (FXCNY), Premier Oil (PMOIY), Cronos Group (CRON), COSCO SHIPPING/ADR (CICOY), Tcg Bdc (CGBD), IQE (IQEPF), Purplebricks Group (PRPPF) and Imagination Tech. (IGNMF).
Who are EAGLE POINT Cr/COM's key executives?
EAGLE POINT Cr/COM's management team includes the folowing people:
- Mr. Thomas P. Majewski CPA, Chief Exec. Officer and Director (Age 43)
- Mr. Kenneth P. Onorio, Chief Financial Officer, Chief Compliance Officer and Sec. (Age 49)
Has EAGLE POINT Cr/COM been receiving favorable news coverage?
Media headlines about ECC stock have been trending somewhat positive on Sunday, according to Accern Sentiment. The research group rates the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. EAGLE POINT Cr/COM earned a media sentiment score of 0.18 on Accern's scale. They also assigned news coverage about the investment management company an impact score of 45.92 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are EAGLE POINT Cr/COM's major shareholders?
EAGLE POINT Cr/COM's stock is owned by a number of of retail and institutional investors. Top institutional investors include Mycio Wealth Partners LLC (5.84%). Company insiders that own EAGLE POINT Cr/COM stock include Daniel M Spinner, Eagle Point Credit Management, Gary Richard Freeman, Kenneth P Onorio and Thomas P Majewski. View Institutional Ownership Trends for EAGLE POINT Cr/COM.
Which major investors are selling EAGLE POINT Cr/COM stock?
How do I buy shares of EAGLE POINT Cr/COM?
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, Scottrade, Fidelity and Charles Schwab.
What is EAGLE POINT Cr/COM's stock price today?
One share of ECC stock can currently be purchased for approximately $18.39.
How big of a company is EAGLE POINT Cr/COM?
EAGLE POINT Cr/COM has a market capitalization of $345.71 million and generates $65.29 million in revenue each year. The investment management company earns $31.13 million in net income (profit) each year or $1.88 on an earnings per share basis.
How can I contact EAGLE POINT Cr/COM?
EAGLE POINT Cr/COM'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]
MarketBeat Community Rating for EAGLE POINT Cr/COM (NYSE ECC)
MarketBeat's community ratings are surveys of what our community members think about EAGLE POINT Cr/COM and other stocks. Vote "Outperform" if you believe ECC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ECC will underperform the S&P 500 over the long term. You may vote once every thirty days.
