Eagle Point Credit (NYSE:ECC – Get Free Report) issued its quarterly earnings results on Thursday. The investment management company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01), Zacks reports. Eagle Point Credit had a return on equity of 12.87% and a net margin of 36.60%. The firm had revenue of $49.55 million for the quarter, compared to the consensus estimate of $49.76 million.
Eagle Point Credit Trading Down 0.6 %
Shares of ECC stock traded down $0.06 during mid-day trading on Friday, reaching $8.81. The stock had a trading volume of 250,652 shares, compared to its average volume of 935,942. The firm has a market capitalization of $677.54 million, a PE ratio of 11.01 and a beta of 0.75. The stock’s 50-day moving average price is $8.84 and its two-hundred day moving average price is $9.37. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.18. Eagle Point Credit has a 52-week low of $8.56 and a 52-week high of $10.49.
Eagle Point Credit Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.68 dividend on an annualized basis and a yield of 19.08%. Eagle Point Credit’s dividend payout ratio is currently 210.00%.
Analysts Set New Price Targets
Eagle Point Credit Company Profile
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.
Further Reading
- Five stocks we like better than Eagle Point Credit
- Why is the Ex-Dividend Date Significant to Investors?
- As the Magnificent 7 Stalls, These 3 Stocks Are Gaining Momentum
- Want to Profit on the Downtrend? Downtrends, Explained.
- Gold’s Ascent: Can Miners and ETFs Take Investors to $3,000?
- Growth Stocks: What They Are, Examples and How to Invest
- Medtronic’s Expansion Gains Momentum—Time for a Market Shift?
Receive News & Ratings for Eagle Point Credit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Point Credit and related companies with MarketBeat.com's FREE daily email newsletter.
