News coverage about Eagle Point Credit (NYSE:ECC) has been trending positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Eagle Point Credit earned a media sentiment score of 0.31 on Accern’s scale. Accern also assigned news headlines about the investment management company an impact score of 45.5264697608213 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the headlines that may have impacted Accern Sentiment’s rankings:

Shares of NYSE ECC opened at $18.53 on Friday. The stock has a market cap of $342.70, a PE ratio of 9.86 and a beta of 0.20. Eagle Point Credit has a 12-month low of $17.28 and a 12-month high of $21.60.

Eagle Point Credit (NYSE:ECC) last announced its earnings results on Thursday, February 22nd. The investment management company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.02). The business had revenue of $16.60 million for the quarter, compared to analysts’ expectations of $16.40 million. Eagle Point Credit had a net margin of 47.68% and a return on equity of 10.46%. sell-side analysts anticipate that Eagle Point Credit will post 1.82 earnings per share for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 31st. Stockholders of record on Friday, May 11th will be given a dividend of $0.20 per share. This represents a $2.40 annualized dividend and a dividend yield of 12.95%. The ex-dividend date is Thursday, May 10th. Eagle Point Credit’s dividend payout ratio is 127.66%.

ECC has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Eagle Point Credit from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 16th. ValuEngine cut shares of Eagle Point Credit from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Finally, National Securities reiterated a “buy” rating and issued a $24.00 price target on shares of Eagle Point Credit in a research note on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $21.13.

About Eagle Point Credit

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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