Eagle Point Credit (ECC) Given News Sentiment Score of 0.12
Media stories about Eagle Point Credit (NYSE:ECC) have been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Eagle Point Credit earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the investment management company an impact score of 45.4437526269659 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
A number of equities analysts recently issued reports on ECC shares. CIBC started coverage on shares of Eagle Point Credit in a research note on Tuesday, May 16th. They issued an “outperform” rating on the stock. Zacks Investment Research cut shares of Eagle Point Credit from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Oppenheimer Holdings, Inc. started coverage on shares of Eagle Point Credit in a research note on Tuesday, May 16th. They issued an “outperform” rating and a $24.00 price target on the stock. Finally, National Securities reiterated a “buy” rating and issued a $24.00 price target on shares of Eagle Point Credit in a research note on Wednesday, May 24th.
Eagle Point Credit (NYSE:ECC) opened at 20.60 on Friday. Eagle Point Credit has a 12 month low of $16.13 and a 12 month high of $22.11. The firm has a 50-day moving average price of $20.66 and a 200-day moving average price of $20.20.
Eagle Point Credit (NYSE:ECC) last released its earnings results on Tuesday, August 15th. The investment management company reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.02. The firm had revenue of $16.23 million for the quarter, compared to analyst estimates of $16.60 million. Equities analysts anticipate that Eagle Point Credit will post $2.04 earnings per share for the current year.
The company also recently announced a special dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be issued a dividend of $0.45 per share. This represents a dividend yield of 11.36%. The ex-dividend date of this dividend is Wednesday, August 23rd. Eagle Point Credit’s dividend payout ratio (DPR) is 46.15%.
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Eagle Point Credit Company Profile
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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