Eagle Point Credit (ECC) Getting Somewhat Positive Press Coverage, Analysis Shows

Headlines about Eagle Point Credit (NYSE:ECC) have trended somewhat positive on Monday, Accern Sentiment reports. The research group scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Eagle Point Credit earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media coverage about the investment management company an impact score of 44.0650109862339 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Eagle Point Credit (NYSE:ECC) opened at $17.88 on Monday. The firm has a market cap of $328.47, a PE ratio of 7.10 and a beta of 0.27. Eagle Point Credit has a 12 month low of $16.70 and a 12 month high of $22.11. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.18.

The business also recently declared a monthly dividend, which was paid on Thursday, November 30th. Investors of record on Friday, November 10th were paid a $0.20 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 13.42%. The ex-dividend date of this dividend was Thursday, November 9th. Eagle Point Credit’s dividend payout ratio is presently 95.24%.

A number of brokerages recently weighed in on ECC. Zacks Investment Research raised shares of Eagle Point Credit from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. 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. Ladenburg Thalmann Financial Services began coverage on shares of Eagle Point Credit in a research note on Monday, September 25th. They issued a “buy” rating and a $20.50 price target on the stock. 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, 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, November 20th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $21.13.

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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.

Insider Buying and Selling by Quarter for Eagle Point Credit (NYSE:ECC)

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