B. Riley Equities Analysts Reduce Earnings Estimates for EIC

Eagle Point Income Company Inc. (NYSE:EIC) – B. Riley decreased their Q1 2025 earnings estimates for shares of Eagle Point Income in a report issued on Monday, April 21st. B. Riley analyst R. Binner now forecasts that the company will earn $0.44 per share for the quarter, down from their prior estimate of $0.49. B. Riley currently has a “Strong-Buy” rating on the stock.

Eagle Point Income (NYSE:EIC) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.08). The business had revenue of $13.67 million during the quarter, compared to the consensus estimate of $13.54 million.

Separately, LADENBURG THALM/SH SH raised shares of Eagle Point Income to a “strong-buy” rating in a report on Thursday, January 16th.

Eagle Point Income Price Performance

Shares of NYSE EIC opened at $14.02 on Wednesday. The stock’s 50-day simple moving average is $14.98 and its 200-day simple moving average is $15.53. Eagle Point Income has a fifty-two week low of $12.73 and a fifty-two week high of $16.71.

Eagle Point Income Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, April 10th.

Institutional Trading of Eagle Point Income

Institutional investors and hedge funds have recently made changes to their positions in the company. AdvisorNet Financial Inc purchased a new stake in Eagle Point Income in the first quarter valued at approximately $25,000. Cresset Asset Management LLC purchased a new position in Eagle Point Income during the 4th quarter worth $207,000. Virtu Financial LLC acquired a new position in Eagle Point Income in the third quarter valued at $216,000. Mariner LLC purchased a new stake in shares of Eagle Point Income in the fourth quarter valued at about $275,000. Finally, LPL Financial LLC boosted its stake in shares of Eagle Point Income by 14.3% during the fourth quarter. LPL Financial LLC now owns 27,976 shares of the company’s stock worth $435,000 after buying an additional 3,504 shares during the period.

About Eagle Point Income

About Eagle Point Income Company is a non-diversified,closed-end management investment company. The Company’s primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation, by investing primarily in junior debt tranches of CLOs. In addition, the Company may invest up to 20% of its total assets (at the time of investment) in CLO equity securities and related securities and instruments.