Eagle Point Credit - ECC Stock Forecast, Price & News

1 Wall Street equities research 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 equities research analysts is that investors should "buy" ECC shares.
View ECC analyst ratings or view top-rated stocks.

Eagle Point Credit's stock was trading at $14.00 at the beginning of the year. Since then, ECC shares have decreased by 19.5% and is now trading at $11.27.
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Eagle Point Credit saw a drop in short interest in July. As of July 31st, there was short interest totaling 574,600 shares, a drop of 18.1% from the July 15th total of 701,400 shares. Based on an average trading volume of 313,800 shares, the days-to-cover ratio is currently 1.8 days.
View Eagle Point Credit's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 16th 2022.
View our ECC earnings forecast.

Eagle Point Credit Company Inc. (NYSE:ECC) released its earnings results on Tuesday, May, 24th. The investment management company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.07. The investment management company earned $26.81 million during the quarter, compared to analyst estimates of $25.70 million.

Eagle Point Credit announced a monthly dividend on Friday, August 12th. Investors of record on Thursday, November 10th will be paid a dividend of $0.14 per share on Wednesday, November 30th. This represents a $1.68 annualized dividend and a dividend yield of 14.91%. The ex-dividend date of this dividend is Wednesday, November 9th.
Read our dividend analysis for ECC.

Eagle Point Credit (NYSE:ECC) pays an annual dividend of $1.52 per share and currently has a dividend yield of 13.60%. ECC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 65.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, ECC will have a dividend payout ratio of 98.06% in the coming year. This indicates that the company may not be able to sustain their current dividend.
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 many different retail and institutional investors. Top institutional shareholders include Bard Associates Inc. (0.66%), Thomas J. Herzfeld Advisors Inc. (0.23%), Virtus ETF Advisers LLC (0.15%), Wedbush Securities Inc. (0.11%), Oxinas Partners Wealth Management LLC (0.07%) and Virtu Financial LLC (0.06%). Insiders that own company stock include Daniel M Spinner, 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.
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One share of ECC stock can currently be purchased for approximately $11.27.

Eagle Point Credit (NYSE:ECC) has a market capitalization of $465.00 million and generates $88.51 million in revenue each year. The investment management company earns $131.71 million in net income (profit) each year or $2.32 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.