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
Current SymbolNYSE:ECC
Previous Symbol
CUSIPN/A
Phone203-862-3150
Debt
Debt-to-Equity RatioN/A
Current RatioN/A
Quick RatioN/A
Price-To-Earnings
Trailing P/E Ratio8.80
Forward P/E Ratio9.09
P/E GrowthN/A
Sales & Book Value
Annual Sales$65.29 million
Price / Sales4.24
Cash Flow$1.9280 per share
Price / Cash Flow7.64
Book Value$17.64 per share
Price / Book0.84
Profitability
EPS (Most Recent Fiscal Year)$1.88
Net Income$31.13 million
Net Margins60.39%
Return on Equity10.44%
Return on Assets7.05%
Miscellaneous
EmployeesN/A
Outstanding Shares18,800,000
Market Cap$276.15 million
OptionableNot Optionable
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 Wednesday, October 3rd. Investors of record on Thursday, December 13th will be given a dividend of $0.20 per share on Monday, December 31st. This represents a $2.40 dividend on an annualized basis and a yield of 16.29%. The ex-dividend date of this dividend is Wednesday, December 12th. View EAGLE POINT CR/COM's Dividend History.
How were EAGLE POINT CR/COM's earnings last quarter?
EAGLE POINT CR/COM (NYSE:ECC) announced its quarterly earnings data on Wednesday, August, 24th. The investment management company reported $0.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.59 by $0.02. The investment management company had revenue of $13.27 million for the quarter, compared to analyst estimates of $14.04 million. EAGLE POINT CR/COM had a net margin of 60.39% 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?
3 Wall Street analysts have issued 12 month price objectives for EAGLE POINT CR/COM's stock. Their predictions range from $24.00 to $24.00. On average, they anticipate EAGLE POINT CR/COM's stock price to reach $24.00 in the next twelve months. This suggests a possible upside of 62.9% 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?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for EAGLE POINT CR/COM in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." 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, " ECC posted EPS (NII+realized gains) of $0.40/share during 3Q18, below our estimate of $0.52 given the portfolio growth was very minimal compared with our previous estimates. We note that the portfolio did not grow as much as we anticipated. Additionally, reset/refi activity was heavy during the quarter and subsequent to quarter-end.
The company sold $15.5mm of CLO equity and $17.5mm of CLO debt during the quarter realizing $124K of realized gains. This also served to mute the growth of the portfolio at par, which increased to $817.1mm from $809.9mm Q/Q.
New CLO equity purchased on the quarter had a weighted average (WA) effective yield of 15.36% versus the WA yield on CLO equity book the quarter prior of 13.99%. It’s worth noting that ECC is conservative with yield recalibrations, in our opinion, and routinely puts effective yields down to zero when the investment is still paying cash flows to the firm but if the investment is performing below their initial expectations.
PCD (portfolio cash distributions) per share declined to $1.15 from $1.76 Q/Q largely from increased reset/refi activity. The firm had 5 resets and 1 refinance during 3Q18 and thus far in 4Q18 they have reset 3 CLOs. Thus, we think PCD/share will decrease to $1.10 for 4Q18 before we model it to jump to $1.64 in 1Q19 from a combination of spread widening and fewer resets and refinances.
The company has already done 51 resets/refinances since 1/1/17 and thus we expect far lower activity on this front going forward which would serve to boost PCD/share and taxable income materially Y/Y for 2019, as we see it.
We are revising our 2018 EPS estimate to $1.74 from $1.86 and our 2019 EPS estimate to $1.96 from $2.23. We are maintaining our BUY rating and our $24 price target." (11/15/2018)
- 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)
Has EAGLE POINT CR/COM been receiving favorable news coverage?
Media stories about ECC stock have been trending very negative recently, InfoTrie Sentiment reports. The research firm identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. EAGLE POINT CR/COM earned a daily sentiment score of -3.8 on InfoTrie's scale. They also assigned press coverage about the investment management company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the near term.
Who are some of EAGLE POINT CR/COM's key competitors?
Some companies that are related to EAGLE POINT CR/COM include Tian Ge Interactive (TGRVF), Hochschild Mining (HCHDF), Gree,Inc. (GREZF), COSCO SHIPPING/ADR (CICOY), SHANGHAI Elec G/ADR (SIELY), ELEMENTIS PLC/ADR (ELMTY), TCG BDC (CGBD), FIH MOBILE LTD/ADR (FXCNY), Ted Baker (TBAKF), AO World (AOWDF), Orocobre (OROCF), IQE (IQEPF), Northgate (NGTEF), Restaurant Group (RSTGF) and CONSORT Med PLC/S (CSRMY).
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)
- Mr. Nauman S. Malik, Gen. Counsel & Chief Compliance Officer
Who are EAGLE POINT CR/COM's major shareholders?
EAGLE POINT CR/COM's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Mycio Wealth Partners LLC (5.76%), Freestone Capital Holdings LLC (1.58%), National Asset Management Inc. (0.68%), Penn Mutual Asset Management LLC (0.39%), B. Riley Financial Inc. (0.30%) and Commonwealth Equity Services LLC (0.26%). Company insiders that own EAGLE POINT CR/COM stock include Daniel M Spinner, Eagle Point Credit Management, Gary Richard Freeman 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 National Asset Management Inc., Penn Mutual Asset Management LLC, B. Riley Financial Inc., Commonwealth Equity Services LLC, Evercore Wealth Management LLC, Cambridge Investment Research Advisors Inc. and Belpointe Asset Management 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 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 $14.73.
How big of a company is EAGLE POINT CR/COM?
EAGLE POINT CR/COM has a market capitalization of $276.15 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.
What is EAGLE POINT CR/COM's official website?
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.
