EIC
Eagle Point Income CoEIC
EIC
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 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
267% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 3
2% more capital invested
Capital invested by funds: $68.8M [Q2] → $70.2M (+$1.41M) [Q3]
0.11% more ownership
Funds ownership: 33.57% [Q2] → 33.69% (+0.11%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
5% less funds holding
Funds holding: 22 [Q2] → 21 (-1) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for EIC.
Financial journalist opinion
Based on 5 articles about EIC published over the past 30 days
Positive
Seeking Alpha
1 day ago
Yield Hunting (Part 1): EICC - An 8.2% YTM Addition To Our Short-Duration Portfolio
Eagle Point Income Co.'s 8.0% Series C Term Preferred Stock offers an attractive yield and strong protection due to its CLO-Debt-heavy portfolio. EICC pays an 8% annual cumulative dividend, has a maturity date in 2029, and is currently trading with a Yield to Maturity of 8.22%. The company's capital structure and mandatory asset coverage covenants provide confidence in the preservation of principal for preferred stock investors.
Positive
Seeking Alpha
1 week 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
1 week ago
How I Plan To Invest $700,000 To Pay Bills With Dividends Forever
A portfolio of $700,000 is large enough to produce an annual dividend income that matches the national average individual income of $64,000. I prioritize high-yield investments like BDCs, REITs, MLPs, and option ETFs to achieve a substantial income stream, accepting less capital appreciation in exchange for higher income. A diversified portfolio of 15 holdings, including tech-heavy funds and income-focused assets, can replace a job income, providing financial security and flexibility.
Positive
Seeking Alpha
2 weeks ago
Eagle Point Income: 2-Year Term Preferred Offers 7.3% Yield To Maturity
I recommend Eagle Point Income's preferred shares Series A due to their appealing yield to maturity of 7.3-7.4% and strong asset coverage ratio exceeding 300%. EIC's net investment income of $8.6M comfortably covers preferred dividends, ensuring a solid income stream and financial stability. The balance sheet shows $405M in assets against $130M in liabilities, enhancing the safety of preferred shares.
Neutral
Seeking Alpha
3 weeks ago
Preferreds Weekly Review: Market Doesn't Differentiate Between CLO Equity Senior Securities
We take a look at the action in preferreds and baby bonds through the third week of December and highlight some of the key themes we are watching. All preferred stock sectors declined, mirroring Treasuries, with CMT-linked preferreds up 1.4%, SOFR preferreds flat, and fixed-rate preferreds down 2.8% in December. CLO Equity CEF PDCC issued a new 8% 2029 term preferred.
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.
Positive
Seeking Alpha
2 months ago
Eagle Point Income: Q3 Earnings Reinforces Portfolio Strength
Eagle Point Income (EIC) operates as a closed end fund that supported its high 14.7% dividend yield through a portfolio of CLO debt and equity investments. The recent Q3 earnings report provides reassurance of EIC's earnings potential in a changing interest rate environment. The rate of borrower defaults remain low and there are few borrower maturities until 2027, providing a long runway of steadily earnings.
Neutral
Seeking Alpha
2 months ago
Eagle Point Income Co Inc. (EIC) Q3 2024 Earnings Call Transcript
Eagle Point Income Co Inc. (NYSE:EIC ) Q3 2024 Earnings Conference Call November 14, 2024 11:30 AM ET Company Participants Garrett Edson - ICR Thomas Majewski - Chairman and Chief Executive Officer Dan Ko - Senior Principal and Portfolio Manager Lena Umnova - Chief Accounting Officer Conference Call Participants Matthew Howlett - B. Riley Securities Operator Ladies and gentlemen, greetings, and welcome to the Eagle Point Income Company's Third Quarter 2024 Financial Results Call.
Neutral
Business Wire
2 months ago
Eagle Point Income Company Inc. Announces Third 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 September 30, 2024 and certain additional activity through October 31, 2024. “We had a strong third quarter as the investment portfolio once again generated robust cash flows and net investment income,” said Thomas P. Majewski, Chairman and Chief Executive Officer. “We were able to generate realized gains of $0.08 per share as d.
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