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

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.
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2 brokers have issued 1 year price objectives for Eagle Point Credit's stock. Their ECC share price targets range from $10.00 to $12.00. On average, they expect the company's share price to reach $11.00 in the next twelve months. This suggests a possible upside of 10.2% from the stock's current price.
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Eagle Point Credit's stock was trading at $9.50 at the start of the year. Since then, ECC stock has increased by 5.1% and is now trading at $9.98.
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Eagle Point Credit saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 236,400 shares, a decline of 11.0% from the March 15th total of 265,700 shares. Based on an average trading volume of 699,100 shares, the days-to-cover ratio is presently 0.3 days.
View Eagle Point Credit's Short Interest.

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

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

Eagle Point Credit declared a monthly dividend on Tuesday, February 20th. Stockholders of record on Monday, June 10th will be given a dividend of $0.14 per share on Friday, June 28th. This represents a $1.68 annualized dividend and a yield of 16.83%. The ex-dividend date of this dividend is Monday, June 10th.
Read our dividend analysis for ECC.

Eagle Point Credit (NYSE:ECC) pays an annual dividend of $1.68 per share and currently has a dividend yield of 16.87%. 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.

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).

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's stock is owned by many different institutional and retail investors. Top institutional investors include Cadent Capital Advisors LLC (0.76%), Oxinas Partners Wealth Management LLC (0.18%) and NBC Securities Inc. (0.01%). Insiders that own company stock include Kenneth P Onorio, Oa Eagle Group Investors, Llc and Thomas P Majewski.
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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.
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