Eagle Point Credit (ECC) Stock Price, News & Analysis

$10.11
+0.05 (+0.50%)
(As of 05/3/2024 ET)
Today's Range
$10.08
$10.11
50-Day Range
$9.92
$10.32
52-Week Range
$8.60
$11.79
Volume
1.13 million shs
Average Volume
631,613 shs
Market Capitalization
$777.96 million
P/E Ratio
5.68
Dividend Yield
16.62%
Price Target
$11.00

Eagle Point Credit MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
8.8% Upside
$11.00 Price Target
Short Interest
Healthy
0.36% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
1.44%
From $1.39 to $1.41 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.19 out of 5 stars

Finance Sector

4569th out of 5,270 stocks

Private Households Industry

13th out of 24 stocks

ECC stock logo

About Eagle Point Credit Stock (NYSE:ECC)

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.

ECC Stock Price History

ECC Stock News Headlines

Gold Mania
Former Goldman VP Reveals Mysterious "Gold Bank" With Huge Upside Potential He says the gains in this should be far greater than just bullion or mining stocks. Some folks had the chance to see 995% the last time we shared this exact "bank". Most people know nothing about it (except the rich and elite).
Eagle Point Credit Company Inc. (ECC)
Eagle Point Credit: Earn A High Yield From CLOs
Gold Mania
Former Goldman VP Reveals Mysterious "Gold Bank" With Huge Upside Potential He says the gains in this should be far greater than just bullion or mining stocks. Some folks had the chance to see 995% the last time we shared this exact "bank". Most people know nothing about it (except the rich and elite).
Eagle Point Credit Company Inc. 6.6875% NT 28 (ECCX)
Q4 2023 Eagle Point Credit Company Inc Earnings Call
Eagle Point Credit Co Inc's Dividend Analysis
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Today
5/04/2024
Ex-Dividend for 5/31 Dividend
5/10/2024
Next Earnings (Estimated)
5/21/2024
Dividend Payable
5/31/2024
Ex-Dividend for 6/28 Dividend
6/10/2024
Dividend Payable
6/28/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Private households
Sub-Industry
N/A
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$11.00
High Stock Price Target
$12.00
Low Stock Price Target
$10.00
Potential Upside/Downside
+8.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$118.75 million
Pretax Margin
63.44%

Debt

Sales & Book Value

Annual Sales
$139.07 million
Cash Flow
$1.15 per share
Book Value
$9.21 per share

Miscellaneous

Free Float
76,779,000
Market Cap
$777.96 million
Optionable
Not Optionable
Beta
0.76
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ECC Stock Analysis - Frequently Asked Questions

Should I buy or sell Eagle Point Credit stock right now?

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

What is Eagle Point Credit's stock price target for 2024?

2 Wall Street research analysts have issued 1-year price targets for Eagle Point Credit's stock. Their ECC share price targets range from $10.00 to $12.00. On average, they anticipate the company's share price to reach $11.00 in the next twelve months. This suggests a possible upside of 8.8% from the stock's current price.
View analysts price targets for ECC
or view top-rated stocks among Wall Street analysts.

How have ECC shares performed in 2024?

Eagle Point Credit's stock was trading at $9.50 at the beginning of 2024. Since then, ECC stock has increased by 6.4% and is now trading at $10.11.
View the best growth stocks for 2024 here
.

Are investors shorting Eagle Point Credit?

Eagle Point Credit saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 273,200 shares, an increase of 15.6% from the March 31st total of 236,400 shares. Based on an average daily trading volume, of 683,800 shares, the short-interest ratio is currently 0.4 days.
View Eagle Point Credit's Short Interest
.

When is Eagle Point Credit's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 21st 2024.
View our ECC earnings forecast
.

How were Eagle Point Credit's earnings last quarter?

Eagle Point Credit Company Inc. (NYSE:ECC) released its earnings results on Thursday, February, 22nd. The investment management company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.38 by $0.05. The investment management company had revenue of $39.39 million for the quarter, compared to analyst estimates of $39.10 million. Eagle Point Credit had a net margin of 84.05% and a trailing twelve-month return on equity of 14.27%. During the same period in the previous year, the firm posted $0.29 EPS.

How often does Eagle Point Credit pay dividends? What is the dividend yield for Eagle Point Credit?

Eagle Point Credit announced a monthly dividend on Tuesday, February 20th. Stockholders of record on Monday, June 10th will be paid a dividend of $0.14 per share on Friday, June 28th. This represents a $1.68 dividend on an annualized basis and a yield of 16.62%. The ex-dividend date of this dividend is Monday, June 10th.
Read our dividend analysis for ECC
.

Is Eagle Point Credit a good dividend stock?

Eagle Point Credit (NYSE:ECC) pays an annual dividend of $1.68 per share and currently has a dividend yield of 16.70%. ECC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 94.38%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, ECC will have a dividend payout ratio of 119.15% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for ECC.

What ETFs hold Eagle Point Credit's stock?

ETFs with the largest weight of Eagle Point Credit (NYSE:ECC) stock in their portfolio include Amplify High Income ETF (YYY).WisdomTree Alternative Income Fund (HYIN).

What other stocks do shareholders of Eagle Point Credit own?
Who are Eagle Point Credit's major shareholders?

Eagle Point Credit's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Cadent Capital Advisors LLC (0.76%), PFG Investments LLC (0.23%), Commonwealth Equity Services LLC (0.14%), Oxinas Partners Wealth Management LLC (0.18%), BI Asset Management Fondsmaeglerselskab A S (0.13%) and Private Advisor Group LLC (0.11%). Insiders that own company stock include Kenneth P Onorio, Oa Eagle Group Investors, Llc and Thomas P Majewski.
View institutional ownership trends
.

How do I buy shares of Eagle Point Credit?

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

This page (NYSE:ECC) was last updated on 5/4/2024 by MarketBeat.com Staff

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