Eagle Point Credit (NYSE:ECC - Get Free Report) announced its quarterly earnings data on Thursday. The investment management company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01), Zacks reports. Eagle Point Credit had a return on equity of 12.87% and a net margin of 36.60%. The firm had revenue of $49.55 million for the quarter, compared to the consensus estimate of $49.76 million.
Eagle Point Credit Stock Performance
Shares of ECC traded down $0.08 during trading hours on Friday, reaching $8.79. 861,602 shares of the company's stock traded hands, compared to its average volume of 957,372. The firm has a market capitalization of $676.01 million, a price-to-earnings ratio of 10.98 and a beta of 0.75. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.27 and a quick ratio of 2.27. Eagle Point Credit has a twelve month low of $8.56 and a twelve month high of $10.49. The business's fifty day simple moving average is $8.84 and its two-hundred day simple moving average is $9.37.
Eagle Point Credit Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.14 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 19.12%. The ex-dividend date of this dividend is Tuesday, June 10th. Eagle Point Credit's dividend payout ratio (DPR) is 210.00%.
Wall Street Analyst Weigh In
Separately, B. Riley reduced their price objective on Eagle Point Credit from $12.00 to $11.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th.
Get Our Latest Analysis 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.
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