Eagle Point Credit Company Inc. (NYSE:ECC - Free Report) - Investment analysts at B. Riley issued their FY2026 earnings per share estimates for Eagle Point Credit in a research note issued on Tuesday, January 7th. B. Riley analyst R. Binner anticipates that the investment management company will post earnings per share of $1.10 for the year. B. Riley has a "Buy" rating and a $11.00 price target on the stock. The consensus estimate for Eagle Point Credit's current full-year earnings is $1.13 per share.
Eagle Point Credit Price Performance
Shares of Eagle Point Credit stock traded down $0.02 during mid-day trading on Friday, reaching $9.10. 1,163,448 shares of the stock traded hands, compared to its average volume of 927,724. Eagle Point Credit has a fifty-two week low of $8.56 and a fifty-two week high of $10.49. The stock has a market capitalization of $700.25 million, a PE ratio of 11.38 and a beta of 0.75. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average of $9.13 and a 200 day moving average of $9.62.
Institutional Trading of Eagle Point Credit
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stifel Financial Corp acquired a new position in Eagle Point Credit during the 3rd quarter worth about $149,000. Main Street Financial Solutions LLC increased its stake in Eagle Point Credit by 95.6% during the second quarter. Main Street Financial Solutions LLC now owns 147,447 shares of the investment management company's stock worth $1,482,000 after purchasing an additional 72,067 shares during the period. PFG Investments LLC lifted its position in shares of Eagle Point Credit by 42.9% during the third quarter. PFG Investments LLC now owns 553,506 shares of the investment management company's stock worth $5,458,000 after purchasing an additional 166,108 shares in the last quarter. J.W. Cole Advisors Inc. boosted its stake in shares of Eagle Point Credit by 92.6% in the third quarter. J.W. Cole Advisors Inc. now owns 109,774 shares of the investment management company's stock valued at $1,082,000 after purchasing an additional 52,782 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in shares of Eagle Point Credit in the third quarter valued at approximately $7,600,000. Hedge funds and other institutional investors own 19.50% of the company's stock.
Eagle Point Credit Dividend Announcement
The firm also recently announced a dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 13th will be given a $0.14 dividend. The ex-dividend date of this dividend is Monday, January 13th. Eagle Point Credit's dividend payout ratio is currently 210.00%.
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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