News headlines about Eagle Point Credit (NYSE:ECC) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Eagle Point Credit earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news stories about the investment management company an impact score of 44.4519313504452 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
A number of analysts have commented on ECC shares. Zacks Investment Research raised shares of Eagle Point Credit from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. Oppenheimer lowered their target price on shares of Eagle Point Credit from $24.00 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, November 15th. Ladenburg Thalmann Financial Services started coverage on shares of Eagle Point Credit in a report on Monday, September 25th. They set a “buy” rating and a $20.50 target price for the company. CIBC lowered their target price on shares of Eagle Point Credit from $24.00 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, November 15th. Finally, National Securities reaffirmed a “buy” rating and set a $24.00 target price on shares of Eagle Point Credit in a report on Monday, November 20th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $21.13.
Eagle Point Credit (NYSE:ECC) opened at $19.13 on Thursday. Eagle Point Credit has a fifty-two week low of $16.97 and a fifty-two week high of $22.11. The stock has a market cap of $360.61, a price-to-earnings ratio of 7.59 and a beta of 0.27. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.25 and a quick ratio of 3.25.
The company also recently declared a monthly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Monday, February 12th will be issued a $0.20 dividend. This represents a $2.40 annualized dividend and a dividend yield of 12.55%. The ex-dividend date of this dividend is Friday, February 9th. Eagle Point Credit’s dividend payout ratio (DPR) is 95.24%.
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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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