EIC

Eagle Point Income Co
EIC

$15.61

0.58%

Market Cap: $246M

About: Eagle Point Income Co Inc is a closed-end management investment company. Its primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation.

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

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

300% more repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 2

50% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 4

10% more funds holding

Funds holding: 20 [Q1] → 22 (+2) [Q2]

0% more funds holding in top 10

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

5% less capital invested

Capital invested by funds: $72.1M [Q1] → $68.4M (-$3.77M) [Q2]

10.25% less ownership

Funds ownership: 43.47% [Q1] → 33.22% (-10.25%) [Q2]

See Fund Rankings

Research analyst outlook

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

Low target

$17.50

12%

upside

Avg. target

$17.50

12%

upside

High target

$17.50

12%

upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

B. Riley Securities

Matt Howlett

65% 1-year accuracy

11 / 17 met price target

12%upside

$17.50

Buy

Initiated

3 Sept 2024

See Analyst Rankings

Financial journalist opinion

Eagle Point Income: 15% Yield On Common Stock, 8% On Preferred Stock

Eagle Point Income's strong balance sheet ensures the preferred equity is well covered, with a healthy 311% asset coverage ratio at the end of June. The focus is on preferred shares, particularly EICA, with plans to add EICC for longer duration. The common stock yields 15.4%, but dividend payments may stagnate or decrease as market interest rates drop.

Eagle Point Income: 15% Yield On Common Stock, 8% On Preferred Stock

Eagle Point Income Co Inc (EIC) Q2 2024 Earnings Call Transcript

Eagle Point Income Co Inc (NYSE:EIC ) Q2 2024 Earnings Conference Call August 6, 2024 11:30 AM ET Company Participants Peter Sceusa – ICR Tom Majewski – Chairman and Chief Executive Officer Dan Ko – Senior Principal and Portfolio Manager Lena Umnova – Chief Accounting Officer Conference Call Participants Operator Greetings, and welcome to the Eagle Point Income Company's Second Quarter 2024 Financial Results Conference. At this time all participants are in a listen-only mode.

Eagle Point Income Co Inc (EIC) Q2 2024 Earnings Call Transcript

Eagle Point Income Company Inc. Announces Second Quarter 2024 Financial Results

GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today announced financial results for the quarter ended June 30, 2024 and certain additional activity through July 31, 2024. “We kept our momentum going in the second quarter as the investment portfolio continued to generate strong cash flows and net investment income,” said Thomas P. Majewski, Chairman and Chief Executive Officer. “For the quarter, we generated net investment income.

Eagle Point Income Company Inc. Announces Second Quarter 2024 Financial Results

Eagle Point Income Company Inc. Announces Fourth Quarter 2024 Common and Preferred Distributions

GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) 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 distributions of $0.20 per share on its common stock. The distributions are payable based on the following schedule: Record Date Payable Date Amount per common share October 11, 2024 October 31, 2024 $0.

Eagle Point Income Company Inc. Announces Fourth Quarter 2024 Common and Preferred Distributions

Eagle Point Income: May Benefit From Interest Rate Cuts

Eagle Point Income operates as a closed end management company with a focus on CLO debt investments. EIC focuses on BB-rated CLO debt investments made on a floating rate basis. This floating rate focus helps generate higher earnings with higher interest rates. The dividend distribution is well-covered by net investment income and recurring cash distributions, making EIC a sustainable income investment.

Eagle Point Income: May Benefit From Interest Rate Cuts

Eagle Point Income Company Inc. Schedules Release of Second Quarter 2024 Financial Results on Tuesday, August 6, 2024

GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today announced that it plans to report financial results for the quarter ended June 30, 2024 on Tuesday, August 6, 2024. The Company will discuss its financial results on a conference call on that day at 11:30 a.m. (Eastern Time). Thomas P. Majewski, Chairman and Chief Executive Officer, will host the call along with Lena Umnova, the Investment Adviser's Chief Accounting Officer, an.

Eagle Point Income Company Inc. Schedules Release of Second Quarter 2024 Financial Results on Tuesday, August 6, 2024

5 Closed-End Fund Buys (And 2 Sells) In The Month Of June 2024

June was another month where we saw broader equities hitting new all-time highs. However, that participation was rather narrow as the mega-cap tech names led the way higher. This last month, I added to or initiated positions in five different closed-end fund names; I sold out of two positions this month.

5 Closed-End Fund Buys (And 2 Sells) In The Month Of June 2024

Our Latest Picks In The 8-9%-Yielding CLO Equity Senior Security Sector

The CLO equity senior security sector is easy to overlook, but it has a number of attractive features such as high yields, strong asset coverage levels and mandatory maturities. We review the sector, the most common pitfalls and discuss a couple of head-to-head comparisons. Finally, we provide a detailed risk/reward summary and highlight our picks.

Our Latest Picks In The 8-9%-Yielding CLO Equity Senior Security Sector

Eagle Point Income: Where This High-Yield CLO Fund Fits In The Risk Stack

Eagle Point Credit Management manages two CLO-focused CEFs, with Eagle Point Income Company offering a nearly 15% yield. Closed-end funds offer high yields through various strategies, including collateralized loan obligations, or CLOs. EIC invests in lower-rated debt tranches of CLOs, providing high yields and growing dividends, outperforming its larger sister fund, ECC.

Eagle Point Income: Where This High-Yield CLO Fund Fits In The Risk Stack

CLO Closed-End Funds: Baby Bonds And Preferred Offering Steady Income

Collateralized loan obligation closed-end fund preferreds and baby bonds can offer relatively secure sources of income generation for investors. These offerings are subject to stricter regulations under the 1940 Act, limiting leverage and that can provide more security to these instruments. New offerings since our last update include EICC and CCIA, which naturally came with higher issued yields thanks to the higher rate environment.

CLO Closed-End Funds: Baby Bonds And Preferred Offering Steady Income

See News Rankings