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 Ratio9.74
Forward P/E Ratio10.96
P/E GrowthN/A
Sales & Book Value
Annual Sales$65.29 million
Price / Sales5.27
Cash Flow$1.9102 per share
Price / Cash9.58
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$346.09 million
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. Stockholders 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 dividend on an annualized basis and a dividend yield of 13.11%. 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) issued its earnings results on Wednesday, August, 24th. The investment management company reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by $0.02. The investment management company earned $13.27 million during the quarter, compared to the consensus estimate of $14.04 million. EAGLE POINT Cr/COM had a return on equity of 10.44% and a net margin of 58.09%. 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 analysts have issued 1 year target prices for EAGLE POINT Cr/COM's shares. Their predictions range from $20.00 to $24.00. On average, they expect EAGLE POINT Cr/COM's share price to reach $21.1250 in the next twelve months. This suggests a possible upside of 15.4% from the stock's current price. View Analyst Price Targets 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." View Analyst Ratings for EAGLE POINT Cr/COM.
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 2Q18 ECC earned NII+realized gains (earnings) per share of $0.34 versus our estimate of $0.35. The earnings were lower due to the $0.20/share impact of the issuance of the ECCX notes (with debt issuance costs being recognized up-front as opposed to amortized over the expected life) as well as the costs associated with the redemption of ECCZ notes.
During 2Q18, the company completed eight resets and one refinance and incurred $0.14/share of costs associated with these. Management noted on the earnings call that the portfolio still has a good deal of 2016 vintage CLO equity that has not yet been refinanced. Given spreads were much wider in 2016 relative to currently, the liability stack of these CLOs can likely be refinanced on highly favorable terms. On average, we would expect these positions to have AAA tranches refinanced down to L + 115 bps from L + 160 bps.
The refinances should serve to further boost the effective yield of the CLO equity book but we also expect spreads to widen in 2019. This would have the effect of hitting NAV/share but also boosting earnings materially as the underlying economics of CLO equity greatly improve with loan market dislocation courtesy of a revolving pool of assets and locked in liabilities.
We are encouraged by some spread widening seen in the BSL market and lenders pushing back on terms somewhat. While this has been brief and less-than-substantial we think there has been an immense amount of foolish behavior in the credit markets that will likely reverse rather sharply and we think this is the start of something more pronounced.
We are revising our 2018 NII+realized gains/share estimate to $1.88 from $1.96 and our 2019 NII+realized gains/share estimate to $2.23 from $2.27. We are maintaining our BUY rating and our $24 price target." (8/16/2018)
- 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 FIRSTGROUP/ADR (FGROY), XTEP Intl HOLDI/ADR (XTEPY), Morgan Advanced Ma (MCRUF), Ted Baker (TBAKF), SUPERDRY PLC/ADR (SEPGY), Gree,Inc. (GREZF), Premier Oil (PMOIY), Hochschild Mining (HCHDF), FIH MOBILE Ltd/ADR (FXCNY), COSCO SHIPPING/ADR (CICOY), TCG BDC (CGBD), IQE (IQEPF), Cronos Group (CRON), Imagination Tech. (IGNMF) and Purplebricks Group (PRPPF).
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?
News stories about ECC stock have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. EAGLE POINT Cr/COM earned a news impact score of 0.17 on Accern's scale. They also gave headlines about the investment management company an impact score of 47.24 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future. View Recent Headlines for EAGLE POINT Cr/COM.
Who are EAGLE POINT Cr/COM's major shareholders?
EAGLE POINT Cr/COM's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Stone Point Capital LLC (30.97%), Mycio Wealth Partners LLC (5.84%), Penn Mutual Life Insurance Co (0.39%), CIBC Private Wealth Group LLC (0.14%), Centaurus Financial Inc. (0.06%) and Commonwealth Equity Services LLC (0.05%). 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 institutional investors are selling EAGLE POINT Cr/COM stock?
Which institutional investors are buying EAGLE POINT Cr/COM stock?
ECC stock was bought by a variety of institutional investors in the last quarter, including CIBC Private Wealth Group LLC, Centaurus Financial Inc. and Commonwealth Equity Services LLC. Company insiders that have bought EAGLE POINT Cr/COM stock in the last two years include Daniel M Spinner, Eagle Point Credit Management, Gary Richard Freeman, Kenneth P Onorio and Thomas P Majewski. View Insider Buying and Selling for EAGLE POINT Cr/COM.
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 $18.30.
How big of a company is EAGLE POINT Cr/COM?
EAGLE POINT Cr/COM has a market capitalization of $346.09 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.
