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. The Company seeks to achieve its investment objectives by investing in junior debt tranches of collateralized loan obligations, or "CLOs," that are 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.
0
Funds holding %
of 7,407 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
75% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 4
10% more funds holding
Funds holding: 21 [Q3] → 23 (+2) [Q4]
0.64% more ownership
Funds ownership: 33.69% [Q3] → 34.32% (+0.64%) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]
2% less capital invested
Capital invested by funds: $70.4M [Q3] → $69.1M (-$1.25M) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for EIC.
Financial journalist opinion
Based on 4 articles about EIC published over the past 30 days
Negative
Seeking Alpha
1 week ago
Eagle Point Income Company: Assessing Yield Sustainability
Eagle Point Income Co Inc. offers a 15.8% yield by investing in junior CLOs and using leverage, but this comes with significant risks. The fund's distribution sustainability is questionable, as it has relied on unrealized gains to cover payouts in recent years. Lower interest rates and economic downturns pose substantial risks to the fund's income and distribution stability.
Negative
Seeking Alpha
2 weeks 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
Eagle Point Income: CLO Funds Are Still On The Menu
Eagle Point Income is a buy despite recent drops, driven by external factors and market volatility from the new US administration. CLOs bundle low-rated loans, offering different risk levels; EIC invests in the BB tranche, focusing on corporate debt. EIC's portfolio is diversified across 1,466 obligors, primarily in the tech and healthcare sectors, with a forward yield of 16%.
Neutral
Seeking Alpha
2 weeks ago
Preferreds Weekly Review: The Risk Of Preferreds Dilution
We take a look at the action in preferreds and baby bonds through the second week of March and highlight some of the key themes we are watching. Preferred stocks saw a slight gain over the week, driven by stable spreads and a Treasury rally, though most sectors are still down for the month. Highland Opportunities and Income Fund's new preferred HFRO.PR.B has similar economics to HFRO.PR.A but lower asset coverage, raising concerns about future preferred issuances.
Neutral
Seeking Alpha
1 month 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
1 month ago
Eagle Point Income: Distribution Remains Well Covered As NAV Grows
Eagle Point Income remains a buy due to strong net investment income, low default rates, and a growing NAV. EIC's portfolio, heavily focused on CLO debt investments, benefits from higher interest rates, ensuring elevated cash flows and dividend sustainability. The fund's diversified portfolio and high dividend yield of around 15% make it an attractive option for income-focused investors.
Neutral
Seeking Alpha
1 month ago
Eagle Point Income Co Inc. (EIC) Q4 2024 Earnings Call Transcript
Eagle Point Income Co Inc. (NYSE:EIC ) Q4 2024 Earnings Conference Call February 20, 2025 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 Mickey Schleien – Ladenburg Thalmann Operator Ladies and gentlemen, greetings, and welcome to the Eagle Point Income Company Fourth Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Neutral
Business Wire
1 month ago
Eagle Point Income Company Inc. Announces Fourth Quarter and Full Year 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 and full year ended December 31, 2024 and certain additional activity through January 31, 2025. “Our fourth quarter performance capped off another excellent year for the Company. We continue to generate strong cash flows and generated a return on equity of 21.0% for 2024,” said Thomas P. Majewski, Chairman and Chief Executive Officer.
Positive
Seeking Alpha
1 month ago
CEF Weekly Review: Explaining Preferred CEFs Double-Digit Gains
We review the CEF market valuation and performance through the first week of February and highlight recent market action. CEFs had a strong week, with most sectors in the green, driven by EM Equity and Muni sectors, and year-to-date gains in both NAVs and discounts. We take a look at why preferred CEFs have sharply outperformed their ETF counterparts last year.
Neutral
Business Wire
1 month ago
Eagle Point Income Company Inc. Announces Second Quarter 2025 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 second quarter of 2025, 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: Amount per Common Share Record Date Payable Date $0.20 April 10, 2025 April 30, 2025 $.
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