Eagle Point Credit Company Inc. (ECC) Set to Announce Quarterly Earnings on Tuesday
Eagle Point Credit Company Inc. (NYSE:ECC) is set to release its earnings data before the market opens on Tuesday, August 15th. Analysts expect Eagle Point Credit to post earnings of $0.51 per share for the quarter.
Shares of Eagle Point Credit Company Inc. (NYSE:ECC) opened at 21.39 on Tuesday. Eagle Point Credit Company Inc. has a 12 month low of $16.13 and a 12 month high of $22.11. The stock has a 50 day moving average of $20.64 and a 200-day moving average of $19.62.
The business also recently disclosed a monthly dividend, which will be paid on Friday, September 29th. Stockholders of record on Tuesday, September 12th will be given a dividend of $0.20 per share. This represents a $2.40 annualized dividend and a dividend yield of 11.22%. The ex-dividend date is Monday, September 11th. Eagle Point Credit’s dividend payout ratio (DPR) is 39.15%.
Several analysts have recently commented on ECC shares. National Securities reaffirmed a “buy” rating and set a $24.00 price objective on shares of Eagle Point Credit in a research report on Monday, April 24th. Zacks Investment Research raised shares of Eagle Point Credit from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. CIBC initiated coverage on shares of Eagle Point Credit in a research report on Tuesday, May 16th. They issued an “outperform” rating for the company. Finally, Oppenheimer Holdings, Inc. initiated coverage on shares of Eagle Point Credit in a research report on Tuesday, May 16th. They issued an “outperform” rating and a $24.00 price target for the company. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Eagle Point Credit currently has an average rating of “Buy” and an average price target of $21.00.
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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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