Eagle Point Credit (NYSE:ECC - Get Free Report) will likely be announcing its earnings results before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $0.28 per share and revenue of $49.76 million for the quarter.
Eagle Point Credit Stock Performance
Shares of NYSE:ECC traded down $0.03 on Friday, hitting $8.64. The company had a trading volume of 917,989 shares, compared to its average volume of 910,981. Eagle Point Credit has a 1-year low of $8.56 and a 1-year high of $10.49. The stock has a market cap of $664.46 million, a price-to-earnings ratio of 10.79 and a beta of 0.75. The stock has a 50 day moving average price of $8.88 and a 200 day moving average price of $9.40. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.18.
Eagle Point Credit Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 19.46%. Eagle Point Credit's payout ratio is presently 210.00%.
Wall Street Analyst Weigh In
Separately, B. Riley reduced their target price on shares of Eagle Point Credit from $12.00 to $11.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th.
View Our Latest Stock Report on ECC
Eagle Point Credit Company Profile
(
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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.
Further Reading
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