ECC
Eagle Point Credit CoECC
ECC
About: Eagle Point Credit Co Inc is an externally managed, non-diversified closed-end management investment company.
0
Funds holding %
of 6,831 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
118% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 17
100% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 2 (+1) [Q3]
50% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 10
5% more funds holding
Funds holding: 82 [Q2] → 86 (+4) [Q3]
1.65% less ownership
Funds ownership: 15.15% [Q2] → 13.5% (-1.65%) [Q3]
13% less capital invested
Capital invested by funds: $130M [Q2] → $113M (-$16.9M) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$11
25%
upside
Avg. target
$11
25%
upside
High target
$11
25%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
B. Riley Securities Matt Howlett 20% 1-year accuracy 1 / 5 met price target | 25%upside $11 | Buy Maintained | 7 Jan 2025 |
Financial journalist opinion
Based on 5 articles about ECC published over the past 30 days
Positive
Seeking Alpha
2 days ago
Eagle Point Credit: Pricing Improves And CLOs Remain Hot (Rating Upgrade)
Eagle Point Credit's valuation has compressed, with the premium to NAV falling from 20% to 5%. ECC's distribution yield remains attractive at over 20%, but the future success hinges on a fast-growing market. The private credit market, particularly CLOs, continues to grow, supporting the Fund's business model and potential for future gains.
Positive
Seeking Alpha
2 weeks ago
Eagle Point Credit CEO Tom Majewski On Funds And Income
Founder and CEO Tom Majewski explains Eagle Point's two funds, ECC and EIC, and offering high monthly distributions to investors. CLOs, backed by senior secured loans to large corporations, provide robust cash flow and have shown resilience across multiple credit cycles.
Positive
Seeking Alpha
2 weeks ago
Eagle Point Credit: Mixed Signals, But Net Bullish
Eagle Point Credit's extended reinvestment periods and increased equity mix position it well for resilient yields in a falling rates environment. Declining loan accumulation facilities may preview slower portfolio growth, posing a challenge for net investment income and cash flow. ECC trades at a lower than usual premium to NAV, making the buys relatively more appealing.
Neutral
Seeking Alpha
3 weeks ago
A Guide To Responsibly Use Margin Debt To Amplify Dividend Income
Margin debt can be a strategic tool for wealth building, similar to traditional debt, if used responsibly and with proper safety buffers. Suggested rules include having a solid financial foundation, avoiding consumer debt, maintaining stable income, and limiting margin to 10% of portfolio value. Avoid speculative bets with margin; instead, focus on income-producing assets that can outpace the cost of debt, such as high-yield dividend funds.
Neutral
Business Wire
4 weeks ago
Eagle Point Credit Company Inc. Is Celebrating Over a Decade as a Public Company by Ringing The NYSE Closing Bell
GREENWICH, Conn.--(BUSINESS WIRE)---- $ECC--Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC) today announced that it will ring The Closing Bell® at the New York Stock Exchange (“NYSE”) on Monday, January 6, 2025, commemorating the Company being listed on the NYSE for over 10 years. “We are honored to ring the bell at the NYSE in celebration of over 10 years as a publicly traded company,” said Thomas P. Majewski, Chief Executive Officer. “Our team is immensely proud of this milestone and the v.
Positive
Seeking Alpha
1 month ago
The 2024 CEF Year-End Specials
Several closed-end funds, or CEFs, have declared special year-end distributions, rewarding shareholders with holiday bonuses and meeting regulatory distribution requirements to avoid excise taxes. PIMCO Dynamic Income Strategy Fund declared a special distribution of $0.37 per share, reflecting strong capital gains and a strategic shift from its energy-focused origins. Barings Participation Investors announced a special distribution of $0.10 per share, highlighting its strong performance and commitment to high current income and capital appreciation.
Negative
Seeking Alpha
1 month ago
Preferreds Weekly Review: Fixed-Rate Preferreds Underperform
We take a look at the action in preferreds and baby bonds through the second week of December and highlight some of the key themes we are watching. All preferred stock sectors declined as longer-term Treasury yields rose; mREITs outperformed due to SOFR Fix/Float and CMT Reset preferreds. BDC GAIN issued a 7.875% 2030 baby bond.
Positive
Seeking Alpha
1 month ago
Three Buys In This Fed-Fueled Sell Off
The Fed's revised guidance for only two rate cuts in 2025 caused market panic, despite a current rate cut to 4.25-4.5%. Floating rate instruments like CLOs remain attractive due to their high-yield and low volatility, especially with rates staying above 4%. I identify one ETF and two CEFs for investors looking to take advantage of this panic and new course for the Fed.
Positive
Seeking Alpha
1 month ago
Seeking Yields Of +15%
High yields from closed-end funds can regularly provide you with a massive supply of cash. Cash is how we pay our bills, not our portfolio value. Your retirement portfolio is a bedrock part of your retirement financial plan.
Neutral
Seeking Alpha
1 month ago
Year-End Review Of High-Yield Closed-End Funds
As a retired income investor, I focus on high-yield closed-end funds, or CEFs, for consistent monthly distributions and reinvestment discounts to grow my retirement portfolio. Significant 2024 events include distribution cuts, fund liquidations, rights offerings, and new fund launches, impacting various CEFs I own or follow. Notable CEFs like ACP, ASGI, AOD/AGD, and BlackRock funds have seen distribution increases, reorganizations, and efforts to close discounts due to activist pressure.
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