Somewhat Positive Press Coverage Somewhat Unlikely to Affect Eagle Point Credit (ECC) Stock Price
News articles about Eagle Point Credit (NYSE:ECC) have trended somewhat positive recently, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. 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 0.04 on Accern’s scale. Accern also gave media coverage about the investment management company an impact score of 47.3035562409183 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several research analysts have recently issued reports on ECC shares. National Securities reiterated a “buy” rating and issued a $24.00 price objective on shares of Eagle Point Credit in a report on Wednesday, August 2nd. Zacks Investment Research cut shares of Eagle Point Credit from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Finally, Ladenburg Thalmann Financial Services started coverage on shares of Eagle Point Credit in a report on Monday, September 25th. They issued a “buy” rating and a $20.50 price objective for the company. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $22.83.
Eagle Point Credit (NYSE:ECC) opened at 21.18 on Friday. The stock has a 50 day moving average of $20.76 and a 200 day moving average of $20.53. Eagle Point Credit has a 12-month low of $16.13 and a 12-month high of $22.11.
Eagle Point Credit (NYSE:ECC) last announced its earnings results on Tuesday, August 15th. The investment management company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.02. The company had revenue of $16.23 million during the quarter, compared to the consensus estimate of $16.60 million. On average, analysts expect that Eagle Point Credit will post $2.04 EPS for the current fiscal year.
The business also recently announced a monthly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, November 10th will be paid a $0.20 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 11.33%. The ex-dividend date of this dividend is Thursday, November 9th. Eagle Point Credit’s dividend payout ratio is presently 46.15%.
WARNING: This news story was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another site, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/10/14/somewhat-positive-press-coverage-somewhat-unlikely-to-affect-eagle-point-credit-ecc-stock-price.html.
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.
Receive News & Stock Ratings for Eagle Point Credit Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Point Credit Company Inc. and related stocks with our FREE daily email newsletter.