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 6,809 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]
36% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 11
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
We haven’t received any recent analyst ratings for ECC.
Financial journalist opinion
Based on 9 articles about ECC published over the past 30 days
Negative
Seeking Alpha
16 hours 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
2 days 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
3 days 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
2 weeks 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.
Neutral
Business Wire
2 weeks ago
Eagle Point Credit Company Inc. Prices $100 Million Public Offering of Notes
GREENWICH, Conn.--(BUSINESS WIRE)---- $ECC--Eagle Point Credit Company Inc. (the “Company”) (NYSE:ECC, ECCC, ECC PRD, ECCF, ECCX, ECCW, ECCV) today announced that it has priced an underwritten public offering of $100 million aggregate principal amount of its 7.75% notes due 2030 (the “2030 Notes”), which will result in net proceeds to the Company of approximately $96.5 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the Company. The 2030 Notes w.
Neutral
Business Wire
2 weeks ago
Eagle Point Credit Company Inc. Announces Offering of Notes
GREENWICH, Conn.--(BUSINESS WIRE)---- $ECC--Eagle Point Credit Company Inc. (the “Company”) (NYSE:ECC, ECCC, ECC PRD, ECCF, ECCX, ECCW, ECCV) today announced that it has commenced an underwritten public offering of unsecured notes due 2030 (the “2030 Notes”). The 2030 Notes will be issued in denominations of $25 and integral multiples of $25 in excess thereof and are expected to pay interest quarterly. The public offering price and other terms of the 2030 Notes are to be determined by negotiations betwe.
Positive
Seeking Alpha
2 weeks ago
Buy The Dip, Collect 18% Yields - Eagle Point Credit
Dip is delicious, salsa especially, but buying dips in the market is even better. Collecting monthly income with nearly 18.5% annual yields that are fully covered shouldn't be ignored! Your retirement needs cash; get it from the market!
Positive
Seeking Alpha
2 weeks ago
2 Income Machines That Keep Pumping Cash
Discover how reliable dividends can transform your portfolio into a consistent income powerhouse. Passive income generation from dividends can take you closer to financial freedom. We discuss our top picks with up to 10% yields for a sustainable retirement.
Neutral
Seeking Alpha
3 weeks ago
Eagle Point Credit: Is This 21% Yield Sustainable?
Eagle Point Credit's high fees, NAV drag, and share dilution make its 21% dividend yield appear unsustainable. ECC does maintain a diverse portfolio, and CLOs tend to be a strong underlying asset class, but the fund's low coverage ratio and fee structure pose significant risks. ECC's NAV per share has been consistently declining, and cash flows from investments are trending lower, raising concerns about future payouts.
Positive
Seeking Alpha
1 month ago
ECC: A High Yield Macroeconomic Bet On Low Default Rates
CLO Equity offers high returns but comes with significant risks, especially during economic downturns, as defaults can severely impact the equity tranche. ECC's GAAP Net Investment Income (NII) is insufficient to cover its dividend payouts, leading to NAV erosion and reliance on share issuances. ECC's current dividend yield of 21.19% is unsustainable, with expected long-term returns of 12.80%, assuming stable economic conditions and limited defaults.
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