Shares of EAGLE POINT Cr/COM (NYSE:ECC) have received an average recommendation of “Hold” from the six analysts that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $21.13.
ECC has been the topic of several recent research reports. National Securities reissued a “buy” rating and set a $24.00 price objective on shares of EAGLE POINT Cr/COM in a report on Monday, February 26th. ValuEngine downgraded EAGLE POINT Cr/COM from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Finally, Zacks Investment Research downgraded EAGLE POINT Cr/COM from a “hold” rating to a “sell” rating in a report on Monday, February 26th.
In related news, insider Daniel M. Spinner bought 75,000 shares of the stock in a transaction that occurred on Tuesday, May 22nd. The stock was acquired at an average cost of $73,933.00 per share, with a total value of $5,544,975,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Eagle Point Credit Management bought 1,357,589 shares of the stock in a transaction that occurred on Tuesday, May 8th. The shares were bought at an average cost of $18.42 per share, with a total value of $25,006,789.38. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 1,482,589 shares of company stock valued at $8,044,981,789. 0.49% of the stock is owned by corporate insiders.
Shares of EAGLE POINT Cr/COM remained flat at $$17.99 during mid-day trading on Friday, according to Marketbeat.com. The company had a trading volume of 38,950 shares, compared to its average volume of 79,155. EAGLE POINT Cr/COM has a 12 month low of $17.28 and a 12 month high of $21.60. The firm has a market cap of $338.19 million, a P/E ratio of 9.57 and a beta of 0.18.
EAGLE POINT Cr/COM (NYSE:ECC) last released its quarterly earnings data on Thursday, May 17th. The investment management company reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.05. EAGLE POINT Cr/COM had a return on equity of 10.44% and a net margin of 58.09%. The company had revenue of $17.01 million for the quarter, compared to the consensus estimate of $17.80 million. equities analysts expect that EAGLE POINT Cr/COM will post 1.67 EPS for the current fiscal year.
The business also recently announced a monthly dividend, which was paid on Thursday, May 31st. Investors of record on Friday, May 11th were given a dividend of $0.20 per share. This represents a $2.40 annualized dividend and a yield of 13.34%. The ex-dividend date of this dividend was Thursday, May 10th. EAGLE POINT Cr/COM’s dividend payout ratio is currently 127.66%.
About EAGLE POINT Cr/COM
Eagle Point Credit Company Inc is a closed ended fund launched and managed by Eagle Point Credit Management LLC. It invests in fixed income markets of the United States. The fund invests equity and junior debt tranches of collateralized loan obligations consisting primarily of below investment grade U.S.
Receive News & Ratings for EAGLE POINT Cr/COM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EAGLE POINT Cr/COM and related companies with MarketBeat.com's FREE daily email newsletter.