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

2 Wall Street 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 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 brokerages have issued 12-month price targets for Eagle Point Credit's stock. 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 10.5% 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 the year. Since then, ECC stock has increased by 4.8% and is now trading at $9.9550. View the best growth stocks for 2024 here .

Are investors shorting Eagle Point Credit?

Eagle Point Credit saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 236,400 shares, a decrease of 11.0% from the March 15th total of 265,700 shares. Based on an average trading volume of 699,100 shares, the short-interest ratio is currently 0.3 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) announced its quarterly earnings data on Thursday, February, 22nd. The investment management company reported $0.33 EPS for the quarter, missing the consensus estimate 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 trailing twelve-month return on equity of 14.27% and a net margin of 84.05%. During the same period in the previous year, the firm earned $0.29 earnings per share.

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 annualized dividend and a dividend yield of 16.88%. The ex-dividend date 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 16.87%. 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 .

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?

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) .

Who are Eagle Point Credit's major shareholders?

Eagle Point Credit's stock is owned by many different retail and institutional investors. Top institutional shareholders 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. 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 .

Positive News SentimentPositive News

NYSE:ECC

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

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Free ECC Stock Alerts

$9.96

+0.01 (+0.10%)

(As of 04/19/2024 ET)

Compare

Today's Range: $9.95
▼
$9.99
50-Day Range: $9.90
▼
$10.32
52-Week Range: $8.60
▼
$11.79

Volume: 477,594 shs
Average Volume: 699,751 shs
Market Capitalization: $548.02 million

P/E Ratio: 5.59
Dividend Yield: 16.88%
Price Target: $11.00

Get Eagle Point Credit alerts:

Eagle Point Credit MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 10.5% 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: 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.

3.32 out of 5 stars

Finance Sector

458th out of 845 stocks

Private Households Industry

1st out of 3 stocks

2.3

Analyst's Opinion

Consensus Rating
Eagle Point Credit has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Eagle Point Credit has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.43% of the outstanding shares of Eagle Point Credit have been sold short.
Short Interest Ratio / Days to Cover
Eagle Point Credit has a short interest ratio ("days to cover") of 0.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Eagle Point Credit has recently decreased by 11.03%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Leadership
Eagle Point Credit is a leading dividend payer. It pays a dividend yield of 16.87%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Eagle Point Credit does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Eagle Point Credit is 94.38%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, Eagle Point Credit will have a dividend payout ratio of 119.15% in the coming year. This indicates that Eagle Point Credit may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ECC.

3.9

News and Social Media Coverage

News Sentiment
Eagle Point Credit has a news sentiment score of 1.94. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Eagle Point Credit this week, compared to 1 article on an average week.
Search Interest
42 people have searched for ECC on MarketBeat in the last 30 days. This is an increase of 45% compared to the previous 30 days.
MarketBeat Follows
17 people have added Eagle Point Credit to their MarketBeat watchlist in the last 30 days. This is an increase of 13% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Eagle Point Credit insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.24% of the stock of Eagle Point Credit is held by insiders.
Percentage Held by Institutions
Only 19.50% of the stock of Eagle Point Credit is held by institutions.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Eagle Point Credit are expected to grow by 1.44% in the coming year, from $1.39 to $1.41 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Eagle Point Credit is 5.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.60.
Price to Earnings Ratio vs. Sector
The P/E ratio of Eagle Point Credit is 5.59, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 61.77.
Price to Book Value per Share Ratio
Eagle Point Credit has a P/B Ratio of 0.77. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

ECC Stock News Headlines

April 15, 2024 | americanbankingnews.com

Eagle Point Credit Company Inc. (NYSE:ECC) Short Interest Update

April 10, 2024 | americanbankingnews.com

Sompo (OTCMKTS:SMPNY) vs. Eagle Point Credit (NYSE:ECC) Head-To-Head Comparison

April 19, 2024 | TradingTips (Ad)

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April 2, 2024 | seekingalpha.com

Eagle Point Credit: Earn A High Yield From CLOs

March 15, 2024 | nasdaq.com

Eagle Point Credit Company Inc. 6.75% Series D Preferred Stock (ECC^D)

March 12, 2024 | seekingalpha.com

I'm Betting On America With 17% Yields: ECC Year-End Update

March 6, 2024 | msn.com

Eagle Point Credit - 6.50% PRF REDEEM 30/06/2031 USD 25 - Ser C goes ex-dividend tomorrow

February 28, 2024 | nz.finance.yahoo.com

Eagle Point Credit Company Inc. 6.6875% NT 28 (ECCX)

April 19, 2024 | TradingTips (Ad)

3 Sub-$10 Stocks to Buy for 2024

February 23, 2024 | finance.yahoo.com

Q4 2023 Eagle Point Credit Company Inc Earnings Call

February 22, 2024 | 247wallst.com

Want $3000 In Passive Income? Invest $1250 Into These 12 Dividend Stocks

February 22, 2024 | businesswire.com

Eagle Point Credit Company Inc. Announces Fourth Quarter and Year-End 2023 Financial Results

February 19, 2024 | 247wallst.com

Want $3000 in Passive Income? Invest $1000 into These 15 Dividend Stocks

February 13, 2024 | finance.yahoo.com

Eagle Point Credit Company Inc. Announces Second Quarter 2024 Regular and Supplemental Common Distributions and Preferred Distributions

February 13, 2024 | businesswire.com

Eagle Point Credit Company Inc. Announces Second Quarter 2024 Regular and Supplemental Common Distributions and Preferred Distributions

February 8, 2024 | finance.yahoo.com

Eagle Point Credit Company Inc. Schedules Release of Fourth Quarter 2023 and Year-end 2023 Financial Results on Thursday, February 22, 2024

February 5, 2024 | forbes.com

USAA Adds 30,000-Point Welcome Offer To Eagle Navigator Credit Card

February 1, 2024 | yahoo.com

Daily Briefing: Eagle Pass braces for its next conflict

February 1, 2024 | seekingalpha.com

New Preferred Stock And Exchange Traded Debt IPOs, January 2024

January 22, 2024 | finance.yahoo.com

Eagle Point Credit Company Inc. Announces Offering of Preferred Stock

January 22, 2024 | finance.yahoo.com

Eagle Point Credit Company Inc. Prices Offering of Preferred Stock

January 16, 2024 | seekingalpha.com

Eagle Point Credit: I Went Heavy On Buying The Preferreds

January 12, 2024 | msn.com

Eagle Point Credit prices $33.6M preferred stock offering

January 11, 2024 | msn.com

Eagle Point Credit announces offering of preferred stock

January 9, 2024 | finance.yahoo.com

Eagle Point Credit Co Inc's Dividend Analysis

January 8, 2024 | seekingalpha.com

Eagle Point Credit: Where This 17.2% Yield Might Fit Into Your Portfolio

January 5, 2024 | benzinga.com

Tuesday Is Your Last Chance To Buy Eagle Point Credit Co Before The Dividend Payout

See More Headlines

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Company Calendar

Last Earnings: 2/22/2024
Ex-Dividend for 4/30 Dividend: 4/09/2024
Today: 4/19/2024
Dividend Payable: 4/30/2024
Ex-Dividend for 5/31 Dividend: 5/10/2024
Next Earnings (Estimated): 5/21/2024
Dividend Payable: 5/31/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Private households
Sub-Industry: N/A
Current Symbol: NYSE:ECC
CUSIP: N/A
CIK: 1604174
Web: www.eaglepointcreditcompany.com
Phone: (203) 340-8510
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: +10.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.78
Trailing P/E Ratio: 5.61
Forward P/E Ratio: 7.18
P/E Growth: N/A
Net Income: $118.75 million
Net Margins: 84.05%
Pretax Margin: 63.44%
Return on Equity: 14.27%
Return on Assets: 10.23%

Debt

Debt-to-Equity Ratio: 0.22
Current Ratio: 6.60
Quick Ratio: 6.60

Sales & Book Value

Annual Sales: $139.07 million
Price / Sales: 3.95
Cash Flow: $1.60 per share
Price / Cash Flow: 6.22
Book Value: $12.87 per share
Price / Book: 0.78

Miscellaneous

Outstanding Shares: 55,050,000
Free Float: 54,914,000
Market Cap: $549.40 million
Optionable: Not Optionable
Beta: 0.77

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Key Executives

Mr. Thomas Philip Majewski CPA (Age 49)
CEO & Interested Director
Mr. Kenneth Paul Onorio CPA (Age 55)
CFO & COO
Mr. Kyle William McGrady
Director of Marketing and Investor Relations
Mr. Nauman S. Malik (Age 43)
General Counsel & Chief Compliance Officer
Ms. Courtney Barrett Fandrick (Age 41)
Secretary

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ECC Stock Analysis - Frequently Asked Questions

Should I buy or sell Eagle Point Credit stock right now?: 2 Wall Street 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 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 brokerages have issued 12-month price targets for Eagle Point Credit's stock. 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 10.5% 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 the year. Since then, ECC stock has increased by 4.8% and is now trading at $9.9550.
View the best growth stocks for 2024 here.
Are investors shorting Eagle Point Credit?: Eagle Point Credit saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 236,400 shares, a decrease of 11.0% from the March 15th total of 265,700 shares. Based on an average trading volume of 699,100 shares, the short-interest ratio is currently 0.3 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) announced its quarterly earnings data on Thursday, February, 22nd. The investment management company reported $0.33 EPS for the quarter, missing the consensus estimate 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 trailing twelve-month return on equity of 14.27% and a net margin of 84.05%. During the same period in the previous year, the firm earned $0.29 earnings per share.

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 annualized dividend and a dividend yield of 16.88%. The ex-dividend date 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 16.87%. 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.
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?: 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).
Who are Eagle Point Credit's major shareholders?: Eagle Point Credit's stock is owned by many different retail and institutional investors. Top institutional shareholders 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.
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 4/19/2024 by MarketBeat.com Staff

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