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NYSE:ECC

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

$10.18
-0.01 (-0.10%)
(As of 10:45 AM ET)
Today's Range
$10.18
$10.25
50-Day Range
$9.92
$10.32
52-Week Range
$8.60
$10.95
Volume
160,609 shs
Average Volume
691,255 shs
Market Capitalization
$783.35 million
P/E Ratio
5.47
Dividend Yield
16.50%
Price Target
$11.00

Eagle Point Credit MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
8.0% Upside
$11.00 Price Target
Short Interest
Healthy
0.43% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.26mentions of Eagle Point Credit in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
1.46%
From $1.37 to $1.39 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.

0.96 out of 5 stars

Finance Sector

767th out of 856 stocks

Private Households Industry

3rd out of 4 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

Eagle Point Credit Company Inc. (ECC)
Eagle Point Credit: Earn A High Yield From CLOs
Eagle Point Credit Company Inc. 6.6875% NT 28 (ECCX)
Q4 2023 Eagle Point Credit Company Inc Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 5/31 Dividend
5/10/2024
Last Earnings
5/21/2024
Today
5/24/2024
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
+8.0%
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
$1.14 per share
Book Value
$9.21 per share

Miscellaneous

Free Float
76,779,000
Market Cap
$783.74 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 research analysts have issued "buy," "hold," and "sell" ratings for Eagle Point Credit in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street 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 analysts have issued 1 year target prices for Eagle Point Credit's shares. Their ECC share price targets range from $10.00 to $12.00. On average, they predict the company's share price to reach $11.00 in the next year. This suggests a possible upside of 8.0% 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 shares have increased by 7.2% and is now trading at $10.1850.
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 30th, there was short interest totaling 334,000 shares, an increase of 22.3% from the April 15th total of 273,200 shares. Based on an average daily trading volume, of 681,500 shares, the short-interest ratio is currently 0.5 days.
View Eagle Point Credit's Short Interest
.

How were Eagle Point Credit's earnings last quarter?

Eagle Point Credit Company Inc. (NYSE:ECC) released its earnings results on Tuesday, May, 21st. The investment management company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by $0.06. The investment management company had revenue of $40.81 million for the quarter, compared to analyst estimates of $42.30 million. Eagle Point Credit had a net margin of 88.90% and a trailing twelve-month return on equity of 14.21%.

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, May 21st. Shareholders of record on Tuesday, September 10th will be paid a dividend of $0.14 per share on Monday, September 30th. This represents a $1.68 annualized dividend and a yield of 16.49%. The ex-dividend date is Tuesday, September 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 16.36%. 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 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 90.32%. 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 120.86% 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 variety of institutional and retail investors. Top institutional shareholders include Cadent Capital Advisors LLC (0.76%), PFG Investments LLC (0.23%), Quadrature Capital Ltd (0.17%), Commonwealth Equity Services LLC (0.14%), Oxinas Partners Wealth Management LLC (0.18%) and BI Asset Management Fondsmaeglerselskab A S (0.13%). 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 5/24/2024 by MarketBeat.com Staff

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