NYSE:ECC

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

$10.02
0.00 (0.00%)
(As of 03:45 PM ET)
Today's Range
$9.99
$10.04
50-Day Range
$9.92
$10.32
52-Week Range
$8.60
$11.79
Volume
348,946 shs
Average Volume
691,087 shs
Market Capitalization
$771.04 million
P/E Ratio
5.63
Dividend Yield
16.77%
Price Target
$11.00

Eagle Point Credit MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
9.9% Upside
$11.00 Price Target
Short Interest
Healthy
0.31% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.13mentions of Eagle Point Credit in the last 14 days
Based on 3 Articles This Week
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.

2.10 out of 5 stars

Finance Sector

642nd out of 855 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

This Apple-like Innovator is Revolutionizing Healthcare
AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing. Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.
Eagle Point Credit Company Inc. (ECC)
Eagle Point Credit: Earn A High Yield From CLOs
This Apple-like Innovator is Revolutionizing Healthcare
AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing. Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.
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
Ex-Dividend for 4/30 Dividend
4/09/2024
Today
4/24/2024
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

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
+9.8%
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
76,763,000
Market Cap
$771.04 million
Optionable
Not Optionable
Beta
0.77
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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 twelve months. 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 brokers have issued twelve-month price objectives 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 9.9% 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 start of the year. Since then, ECC stock has increased by 5.4% and is now trading at $10.01.
View the best growth stocks for 2024 here
.

Are investors shorting Eagle Point Credit?

Eagle Point Credit saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 236,400 shares, a drop of 11.0% from the March 15th total of 265,700 shares. Based on an average daily volume of 699,100 shares, the days-to-cover 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) issued its quarterly earnings data on Thursday, February, 22nd. The investment management company reported $0.33 earnings per share 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 firm posted $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 declared a monthly dividend on Tuesday, February 20th. Investors 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 dividend on an annualized basis and a yield of 16.78%. 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 16.83%. 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 variety of institutional and retail investors. Top institutional shareholders include Cadent Capital Advisors LLC (0.76%), PFG Investments LLC (0.23%), 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 4/24/2024 by MarketBeat.com Staff

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