ECC
Eagle Point Credit CoECC
ECC
About: Eagle Point Credit Co Inc. is an externally managed, non-diversified closed-end management investment company. Its primary investment objective is to generate high current income, with a secondary objective of capital appreciation. The Company seeks to achieve its investment objectives by investing in equity and junior debt tranches of collateralized loan obligations ("CLOs") collateralized by a portfolio consisting of below-investment-grade U.S. senior secured loans with a large number of distinct underlying borrowers across various industry sectors. The Company intends to operate so as to qualify to be taxed as a regulated investment company.
0
Funds holding %
of 7,398 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
115% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 13
100% more funds holding in top 10
Funds holding in top 10: 2 [Q3] → 4 (+2) [Q4]
43% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 23
15% more funds holding
Funds holding: 87 [Q3] → 100 (+13) [Q4]
8% more capital invested
Capital invested by funds: $114M [Q3] → $123M (+$9.08M) [Q4]
2.59% more ownership
Funds ownership: 13.67% [Q3] → 16.27% (+2.59%) [Q4]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$11
42%
upside
Avg. target
$11
42%
upside
High target
$11
42%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
B. Riley Securities Matt Howlett 38% 1-year accuracy 5 / 13 met price target | 42%upside $11 | Buy Maintained | 7 Jan 2025 |
Financial journalist opinion
Based on 7 articles about ECC published over the past 30 days
Negative
Seeking Alpha
1 week ago
Why CLO Equity Could Be In For More Pain Ahead (And How To Navigate It)
CLO equity prices are facing pressure from rising risks and default expectations. CLO equity is still generating strong cash flows for patient investors. Our CEF rotation strategy can deliver alpha during volatile market conditions.
Positive
Seeking Alpha
2 weeks ago
Closed-End Funds: Seeking Stable Yields From CLO Baby Bonds And Preferred
Collateralized loan obligation CEFs offer high yields but come with significant leverage, volatility and higher risk, making them less appropriate for all income investors. Baby bonds and preferred offerings from CLO CEFs provide safer, more stable income, balancing risk-reward when it comes to seeking income. We have new offerings in the space since our last update, leading to greater diversification potential and increasing the viability of setting up a ladder of maturities.
Positive
Seeking Alpha
2 weeks ago
ECC: 23% Yield For The Ostrich In You
ECC sports a 23.2% yield. We go over what the asset class has delivered historically and also what ECC has actually delivered. We tell you which security we own from the ECC suite and why we think it offers a better return profile.
Neutral
Seeking Alpha
2 weeks ago
ECC, OCCI Or Neither Of Them: A Pairs Trade For 2 CEFs
I'm currently favoring low-duration debt from CLO CEFs, hedging by shorting overvalued CEFs, and recently initiated a pair trade: Long ECC, short OCCI. ECC's high non-leverage expenses and lower asset yield make it less attractive, despite its larger size and historical outperformance compared to OCCI. OCCI, though smaller, boasts a higher asset yield but also higher non-leverage expenses, with no historical alpha generation.
Neutral
Seeking Alpha
2 weeks ago
CEF Weekly Review: Will BTT Terminate?
We review the CEF market valuation and performance through the first week of March and highlight recent market action. Nearly all CEF sectors were down due to poor risk sentiment, but year-to-date performance remains mostly positive, led by EM assets. BlackRock Municipal 2030 Target Term renewed its share repurchase program.
Neutral
Seeking Alpha
3 weeks ago
CEF Distribution Coverage: What To Worry About And What Not To Worry About
Closed-end funds are ideal for investors prioritizing steady cash income over capital gains, benefiting from buying at discounts and institutional leverage terms. Distribution "coverage" is critical. But it can be complicated trying to determine what is actually sufficient versus insufficient coverage.
Positive
Seeking Alpha
4 weeks ago
The Tide Is Changing, Be Prepared With CLOs To Keep The Income Streaming In
The Magnificent Seven stocks led a bull run from late 2022 to 2024, but 2025's market correction reveals vulnerabilities, offering opportunities in high-yield CLO equity funds. CLO equity funds, like SPMC, CCIF, and OCCI, provide high-yield income uncorrelated to stock market performance, making them attractive during market downturns. SPMC, new in 2024, has increased distributions thrice, showing strong performance and resilience, yielding about 14% despite broader market selloffs.
Neutral
Seeking Alpha
1 month ago
I Am Loading Up On This 19% Yield: ECC
19% yields should set off alarm bells in your head. Either it's a massive disaster inbound or a massive income opportunity. We look into earnings to determine which scenario exists in ECC. You need cash to live; we find sources in the market for it.
Neutral
Seeking Alpha
1 month ago
Eagle Point Credit: Q4 Earnings Indicate Both Strength And Weakness (Rating Downgrade)
ECC offers a high 21.5% dividend yield, fully covered by earnings, but faces capital loss and NAV decline due to high-interest rates. The portfolio is heavily invested in risky CLO equity, with 78.8% exposure, and benefits from floating rate structures, increasing income in high-rate environments. Q4 earnings showed mixed results with net investment income missing estimates and NAV decreasing for four consecutive quarters, reflecting ongoing rate-related challenges.
Neutral
Seeking Alpha
1 month ago
Eagle Point Credit Co LLC (ECC) Q4 2024 Earnings Call Transcript
Eagle Point Credit Co LLC (NYSE:ECC ) Q4 2024 Earnings Conference Call February 20, 2025 10:00 AM ET Company Participants Garrett Edson - ICR, Investor Relations Thomas Majewski - Chief Executive Officer Ken Onorio - Chief Financial Officer and Chief Operating Officer Conference Call Participants Randy Binner - B. Riley Securities Erik Zwick - Lucid Capital Markets Operator Greetings, and welcome to Eagle Point Credit Company Inc. Fourth Quarter 2024 Financial Results Conference Call.
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