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

Company Overview

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.

Key Stats

• Today's Range: $8.92 to $9.03
• 50-Day Range: $8.98 to $9.98
• 52-Week Range: $8.90 to $10.49
• Volume: 625,963 shs
• Average Volume: 869,244 shs
• Market Capitalization: $691.01 million
• P/E Ratio: 11.23
• Dividend Yield: 18.71%
• Price Target: $10.00
• Consensus Rating: Hold

Eagle Point Credit Stock Analysis - MarketRank™

Eagle Point Credit scored higher than 70% of companies evaluated by MarketBeat, and ranked 386th out of 916 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.0 / 5
• Analyst Rating: Hold

Consensus Rating

Eagle Point Credit has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Eagle Point Credit has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 15.93%

Earnings Growth

Earnings for Eagle Point Credit are expected to grow by 15.93% in the coming year, from $1.13 to $1.31 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Eagle Point Credit is 11.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.15.

Price to Earnings Ratio vs. Sector

The P/E ratio of Eagle Point Credit is 11.21, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.66.

Price to Book Value per Share Ratio

Eagle Point Credit has a P/B Ratio of 0.97. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.15% of the outstanding shares of Eagle Point Credit have been sold short.

Short Interest Ratio / Days to Cover

Eagle Point Credit has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Eagle Point Credit has recently increased by 7.86%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Eagle Point Credit is a leading dividend payer. It pays a dividend yield of 18.56%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Eagle Point Credit does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Eagle Point Credit is 210.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Eagle Point Credit will have a dividend payout ratio of 128.24% in the coming year. This indicates that Eagle Point Credit may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.15% of the outstanding shares of Eagle Point Credit have been sold short.

Short Interest Ratio / Days to Cover

Eagle Point Credit has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Eagle Point Credit has recently increased by 7.86%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.93

News Sentiment

Eagle Point Credit has a news sentiment score of 0.93. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.77 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Eagle Point Credit this week, compared to 1 article on an average week.

Search Interest

Only 31 people have searched for ECC on MarketBeat in the last 30 days. This is a decrease of -16% compared to the previous 30 days.

MarketBeat Follows

11 people have added Eagle Point Credit to their MarketBeat watchlist in the last 30 days. This is an increase of 38% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Eagle Point Credit insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.22% of the stock of Eagle Point Credit is held by insiders.

Percentage Held by Institutions

Only 19.50% of the stock of Eagle Point Credit is held by institutions.

ECC Stock Analysis - Frequently Asked Questions

How have ECC shares performed this year?

Eagle Point Credit's stock was trading at $9.50 at the beginning of 2024. Since then, ECC stock has decreased by 5.6% and is now trading at $8.97.
View the best growth stocks for 2024 here.

How were Eagle Point Credit's earnings last quarter?

Eagle Point Credit Company Inc. (NYSE:ECC) issued its earnings results on Thursday, February, 22nd. The investment management company reported $0.33 EPS for the quarter, missing the consensus estimate 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 13.33% and a net margin of 36.60%.

Who are Eagle Point Credit's major shareholders?

Eagle Point Credit's top institutional shareholders include PFG Investments LLC (0.72%), Cadent Capital Advisors LLC (0.59%), Bard Associates Inc. (0.29%) and Oxinas Partners Wealth Management LLC (0.23%). Insiders that own company stock include Thomas P Majewski, Kenneth P Onorio and Oa Eagle Group Investors, Llc.
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.

What other stocks do shareholders of Eagle Point Credit own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Eagle Point Credit investors own include BlackRock (BLK), Broadcom (AVGO), UnitedHealth Group (UNH), ServiceNow (NOW), The Goldman Sachs Group (GS), Illinois Tool Works (ITW) and Oxford Lane Capital (OXLC).

Company Calendar

• Last Earnings: 2/22/2024
• Ex-Dividend for 11/29 Dividend: 11/12/2024
• Today: 11/21/2024
• Dividend Payable: 11/29/2024
• Ex-Dividend for 12/31 Dividend: 12/11/2024
• Dividend Payable: 12/31/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Private households
• Sub-Industry: Financial Services
• Current Symbol: NYSE:ECC
• CUSIP: N/A
• CIK: 1604174
• Web: www.eaglepointcreditcompany.com
• Phone: (203) 340-8510
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $10.00
• High Stock Price Target: $10.00
• Low Stock Price Target: $10.00
• Potential Upside/Downside: +11.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.80
• Trailing P/E Ratio: 11.22
• Forward P/E Ratio: 7.94
• P/E Growth: N/A
• Net Income: $118.75 million
• Net Margins: 36.60%
• Pretax Margin: 62.24%
• Return on Equity: 13.33%
• Return on Assets: 9.59%

Debt

• Debt-to-Equity Ratio: 0.19
• Current Ratio: 2.98
• Quick Ratio: 2.98

Sales & Book Value

• Annual Sales: $139.07 million
• Price / Sales: 4.97
• Cash Flow: $1.14 per share
• Price / Cash Flow: 7.90
• Book Value: $9.21 per share
• Price / Book: 0.97

Miscellaneous

• Outstanding Shares: 76,950,000
• Free Float: 76,779,000
• Market Cap: $690.63 million
• Optionable: Not Optionable
• Beta: 0.76