ECC

Eagle Point Credit Co
ECC

$9.75
0.2%

Market Cap: $953M

 

About: Eagle Point Credit Co Inc is an externally managed, non-diversified closed-end management investment company.

0
Funds holding %
of 6,710 funds
–
Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

156% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 9

129% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 14

21% more funds holding

Funds holding: 68 [Q1] → 82 (+14) [Q2]

6% more capital invested

Capital invested by funds: $118M [Q1] → $125M (+$7.34M) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

0.52% less ownership

Funds ownership: 15.13% [Q1] → 14.61% (-0.52%) [Q2]

See Fund Rankings

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target
$10
3%
upside
Avg. target
$10
3%
upside
High target
$10
3%
upside

1 analyst rating

0 positive
0%
1 neutral
100%
0 negative
0%
Keefe, Bruyette & Woods
Paul Johnson
88% 1-year accuracy
7 / 8 met price target
3%upside
$10
Market Perform
Maintained
7 Aug 2024
See Analyst Rankings

Financial journalist opinion

Based on 3 articles about ECC published over the past 30 days

Positive
Seeking Alpha
2 weeks ago
Eagle Point Credit: 19% Yield On Common And 8.7% On Preferred Equity
Eagle Point Credit's Series D preferred shares offer an 8.7% yield, with strong dividend and asset coverage, making them a good risk/reward investment. ECC's net investment income of $49.6M in H1 2023 covers perpetual preferred dividends comfortably, with a payout ratio of less than 3%. The company maintains a robust balance sheet with a 352% asset coverage ratio, far exceeding the minimum 200% requirement for preferred stock.
Eagle Point Credit: 19% Yield On Common And 8.7% On Preferred Equity
Neutral
Seeking Alpha
3 weeks ago
CLO Debt ETFs Or CLO Equity CEFs: Which Are Best For Income Investors And Retirees
CLOs have several tranches. Equity tranches are the riskiest ones, but also have the highest yields, and strongest potential returns. Debt tranches are safer and lower-yielding, some significantly so, some moderately so.
CLO Debt ETFs Or CLO Equity CEFs: Which Are Best For Income Investors And Retirees
Neutral
Seeking Alpha
3 weeks ago
Eagle Point Credit: Common Shares Are Becoming Less Attractive Than Preferreds
Eagle Point Credit offers a unique opportunity to invest away from traditional stocks and bonds, focusing on CLO equity. ECC's Q2 earnings update shows significant developments, including a massive capital raise and declining net asset value. The CLO market is growing rapidly, presenting risks as outlined in a recent report from the Federal Reserve Board.
Eagle Point Credit: Common Shares Are Becoming Less Attractive Than Preferreds
Positive
Seeking Alpha
1 month ago
Readers Identify 25 Ideal July Dividend Buys Out Of 37 Picks
Before July 31, 2024, my REaders mentioned 38 equities in their comments on my articles. Some bad-news investments (ROgues) mixed with (mostly) FAvorites. Thus, readers commented about the ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN ReFa/Ro: FSK, PFE, VZ, PFS, PBR, ET, ESEA, EL, VALE, and NOAH averaged 41.06% net gains from reader data collected 8/14/24. Ten analyst-target-augured July TOP-PRICE-UPSIDE reader faves & rogues (ReFa/Ro) were: XOM, PBR, PFE, VZ, PFS, ET, ESEA, EL, VALE & NOAH, boasting a 33.38% average target price upside estimate.
Readers Identify 25 Ideal July Dividend Buys Out Of 37 Picks
Positive
Seeking Alpha
1 month ago
Great News For This Fat 18% Yield: ECC
When it comes to investing in debt, the U.S. economy remains my top priority due to its outstanding strength. Eagle Point Credit Co LLC is firing on all cylinders and investors are getting rewarded. Income catalysts can massively boost your income stream in retirement.
Great News For This Fat 18% Yield: ECC
Neutral
Seeking Alpha
1 month ago
CEF Weekly Review: PCF Tries To Get Shareholders To Care
We review CEF market valuation and performance through the second week of August and highlight recent market action. CEFs were mixed, with MLP funds recovering while REIT funds struggled. The CEF, High Income Securities Fund, is implementing a novel strategy to get its initiatives approved by shareholders.
CEF Weekly Review: PCF Tries To Get Shareholders To Care
Neutral
Seeking Alpha
1 month ago
Eagle Point Credit Co LLC (ECC) Q2 2024 Earnings Call Transcript
Eagle Point Credit Co LLC (NYSE:ECC ) Q2 2024 Earnings Conference Call August 6, 2024 10:00 AM ET Company Participants Garrett Edson - ICR, Investor Relations Thomas Majewski - Chief Executive Officer Kenneth Onorio - Chief Financial Officer and Chief Operating Officer Conference Call Participants Mickey Schleien - Ladenburg Thalmann & Co. Inc. Mitchel Penn - Oppenheimer & Co. Inc. Matthew Howlett - B. Riley Securities, Inc. Paul Johnson - Keefe, Bruyette & Woods Steven Bavaria - Inside the Income Factory Operator Greetings.
Eagle Point Credit Co LLC (ECC) Q2 2024 Earnings Call Transcript
Negative
Zacks Investment Research
1 month ago
Eagle Point (ECC) Misses Q2 Earnings and Revenue Estimates
Eagle Point (ECC) came out with quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.32 per share a year ago.
Eagle Point (ECC) Misses Q2 Earnings and Revenue Estimates
Neutral
Business Wire
1 month ago
Eagle Point Credit Company Inc. Announces Second Quarter 2024 Financial Results
GREENWICH, Conn.--(BUSINESS WIRE)---- $ECC--Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCF, ECCV, ECCW, ECCX) today announced financial results for the quarter ended June 30, 2024 and certain additional activity through July 31, 2024. “Cash flow from our portfolio remained robust during the quarter, with recurring cash flows from our portfolio increasing both on an absolute and per share basis quarter over quarter,” said Thomas P. Majewski, Chairman and Chief Executive O.
Eagle Point Credit Company Inc. Announces Second Quarter 2024 Financial Results
Neutral
Business Wire
1 month ago
Eagle Point Credit Company Inc. Announces Fourth Quarter 2024 Regular and Supplemental Common Distributions and Preferred Distributions
GREENWICH, Conn.--(BUSINESS WIRE)---- $ECC--Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCF, ECCV, ECCW, ECCX) today is pleased to announce the declaration of distributions on shares of the Company's common stock. For the fourth quarter of 2024, the Company is declaring three separate monthly regular distributions of $0.14 per share on its common stock and three separate monthly supplemental distributions of $0.02 per share on its common stock. The distributions are payab.
Eagle Point Credit Company Inc. Announces Fourth Quarter 2024 Regular and Supplemental Common Distributions and Preferred Distributions
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