Eagle Point Credit - ECC Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eagle Point Credit in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" ECC shares.
View ECC analyst ratings or view top-rated stocks.

Eagle Point Credit's stock was trading at $14.00 at the start of the year. Since then, ECC stock has decreased by 16.1% and is now trading at $11.74.
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Eagle Point Credit saw a drop in short interest in the month of July. As of July 31st, there was short interest totaling 574,600 shares, a drop of 18.1% from the July 15th total of 701,400 shares. Based on an average daily trading volume, of 313,800 shares, the days-to-cover ratio is currently 1.8 days.
View Eagle Point Credit's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
View our ECC earnings forecast.

Eagle Point Credit Company Inc. (NYSE:ECC) issued its earnings results on Tuesday, August, 16th. The investment management company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01. The investment management company had revenue of $28.91 million for the quarter, compared to analysts' expectations of $28.10 million.

Eagle Point Credit announced a monthly dividend on Monday, August 15th. Stockholders of record on Monday, December 12th will be given a dividend of $0.14 per share on Friday, December 30th. This represents a $1.68 dividend on an annualized basis and a yield of 14.31%. The ex-dividend date of this dividend is Friday, December 9th.
Read our dividend analysis for ECC.

Eagle Point Credit (NYSE:ECC) pays an annual dividend of $1.52 per share and currently has a dividend yield of 13.06%. ECC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for ECC.

Based on aggregate information from My MarketBeat watchlists, some companies that other Eagle Point Credit investors own include Oxford Lane Capital (OXLC), Energy Transfer (ET), Annaly Capital Management (NLY), NGL Energy Partners (NGL), New Residential Investment (NRZ), AT&T (T), AGNC Investment (AGNC), Cornerstone Strategic Value Fund (CLM), Cornerstone Total Return Fund (CRF) and Alliance Resource Partners (ARLP).

Eagle Point Credit trades on the New York Stock Exchange (NYSE) under the ticker symbol "ECC."

Eagle Point Credit's stock is owned by a number of institutional and retail investors. Top institutional investors include Bard Associates Inc. (0.66%), Thomas J. Herzfeld Advisors Inc. (0.23%), Virtus ETF Advisers LLC (0.15%), Wedbush Securities Inc. (0.11%), Kestra Private Wealth Services LLC (0.09%) and Oxinas Partners Wealth Management LLC (0.07%). Insiders that own company stock include Daniel M Spinner, Kenneth P Onorio, Kevin F Mcdonald, Nauman S Malik, Oa Eagle Group Investors, Llc, Paul E Tramontano, Scott W Appleby and Thomas P Majewski.
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Shares of ECC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ECC stock can currently be purchased for approximately $11.74.

Eagle Point Credit (NYSE:ECC) has a market capitalization of $484.44 million and generates $88.51 million in revenue each year. The investment management company earns $131.71 million in net income (profit) each year or ($1.28) on an earnings per share basis.

Eagle Point Credit's mailing address is 20 HORSENECK LANE, GREENWICH CT, 06830. The official website for the company is www.eaglepointcreditcompany.com. The investment management company can be reached via phone at (203) 340-8510 or via email at ir@eaglepointcredit.com.