News coverage about Eagle Point Credit Company (NYSE:ECC) has trended positive on Saturday, according to AlphaOne Sentiment. The research group, a unit of Accern, identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Eagle Point Credit Company earned a media sentiment score of 0.38 on AlphaOne’s scale. AlphaOne also gave news stories about the investment management company an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have impacted Alpha One’s scoring:
- Eagle Point Credit Company Inc : quaterly earnings release (4-traders.com)
- Oppenheimer Holdings Comments on Eagle Point Credit Company Inc’s Q1 2017 Earnings (ECC) (americanbankingnews.com)
- Eagle Point Credit Company Inc (ECC) Given Average Rating of “Buy” by Analysts (americanbankingnews.com)
- CIBC Begins Coverage on Eagle Point Credit Company Inc (ECC) (americanbankingnews.com)
- Eagle Point Credit Company Inc (ECC) Receives New Coverage from Analysts at Oppenheimer Holdings Inc. (americanbankingnews.com)
Several equities analysts have recently issued reports on the stock. CIBC assumed coverage on shares of Eagle Point Credit Company in a report on Tuesday. They issued an “outperform” rating for the company. Oppenheimer Holdings Inc. assumed coverage on shares of Eagle Point Credit Company in a report on Tuesday. They issued an “outperform” rating and a $24.00 price target for the company. Finally, National Securities reissued a “buy” rating and issued a $24.00 price target on shares of Eagle Point Credit Company in a report on Monday, April 24th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $21.00.
Shares of Eagle Point Credit Company (NYSE:ECC) traded up 0.46% during trading on Friday, hitting $19.78. 37,448 shares of the stock traded hands. The firm has a market capitalization of $325.86 million, a price-to-earnings ratio of 3.60 and a beta of 0.29. The firm has a 50-day moving average of $20.23 and a 200-day moving average of $18.39. Eagle Point Credit Company has a 1-year low of $15.72 and a 1-year high of $22.11.
Eagle Point Credit Company (NYSE:ECC) last announced its earnings results on Friday, February 24th. The investment management company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by $0.09. The company had revenue of $15.07 million for the quarter, compared to analyst estimates of $13.75 million. On average, equities analysts forecast that Eagle Point Credit Company will post $2.38 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, April 28th. Investors of record on Monday, April 17th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend was Wednesday, April 12th. Eagle Point Credit Company’s dividend payout ratio is presently 79.73%.
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Eagle Point Credit Company 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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