Eagle Point Credit (ECC) Earning Somewhat Favorable Press Coverage, Report Finds

News articles about Eagle Point Credit (NYSE:ECC) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Eagle Point Credit earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media coverage about the investment management company an impact score of 45.4676831131348 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Shares of Eagle Point Credit (NYSE ECC) opened at $18.64 on Friday. The company has a market cap of $341.21, a PE ratio of 7.40 and a beta of 0.21. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.18. Eagle Point Credit has a 1-year low of $17.28 and a 1-year high of $22.11.

Eagle Point Credit (NYSE:ECC) last released its quarterly earnings data on Tuesday, November 14th. The investment management company reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.06). The business had revenue of $16.36 million during the quarter, compared to analyst estimates of $17.00 million. Eagle Point Credit had a net margin of 65.86% and a return on equity of 10.73%. equities research analysts expect that Eagle Point Credit will post 1.9 earnings per share for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Monday, February 12th will be issued a $0.20 dividend. The ex-dividend date is Friday, February 9th. This represents a $2.40 dividend on an annualized basis and a yield of 12.88%. Eagle Point Credit’s payout ratio is 95.24%.

A number of brokerages recently weighed in on ECC. National Securities reaffirmed a “buy” rating and issued a $24.00 price target on shares of Eagle Point Credit in a research note on Monday, January 22nd. Zacks Investment Research raised shares of Eagle Point Credit from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 16th. CIBC decreased their price target on shares of Eagle Point Credit from $24.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 15th. Finally, Oppenheimer decreased their price target on shares of Eagle Point Credit from $24.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Eagle Point Credit has an average rating of “Buy” and an average target price of $21.13.

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About Eagle Point Credit

Eagle Point Credit Company Inc is a non-diversified, closed-end management investment company. The Company’s primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation. The Company primarily invests in equity and junior debt tranches of collateralized loan obligations (CLOs) that are collateralized by a portfolio consisting primarily of the below investment grade United States senior secured loans.

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