Financial Services -
Asset Management - NYSE - US
$ 23.185
-0.493 %
$ 2.79 B
Market Cap
12.71
P/E
1. INTRINSIC VALUE
Balance Sheet
Eagle Point Credit Company Inc.
| Current Assets | 42.2 M |
| Cash & Short-Term Investments | 42.2 M |
| Receivables | 54.8 M |
| Other Current Assets | -54.8 M |
| Non-Current Assets | 1.41 B |
| Long-Term Investments | 1.41 B |
| PP&E | 0 |
| Other Non-Current Assets | 0 |
| Current Liabilities | 0 |
| Accounts Payable | 43.9 M |
| Short-Term Debt | 0 |
| Other Current Liabilities | -43.9 M |
| Non-Current Liabilities | 0 |
| Long-Term Debt | 0 |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
Eagle Point Credit Company Inc.
| Revenue | 97.6 M |
| Cost Of Revenue | 0 |
| Gross Profit | 97.6 M |
| Operating Expenses | 12.1 M |
| Operating Income | 85.5 M |
| Other Expenses | 5.18 M |
| Net Income | 80.3 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Eagle Point Credit Company Inc.
| Net Income | 80.3 M |
| Depreciation & Amortization | 0 |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 0 |
| Change in Working Capital | -1.92 M |
| Others | -503 M |
| Free Cash Flow | -429 M |
Wall Street Analysts Price Targets
Eagle Point Credit Company Inc.
ECCC has no price targets from Wall Street.
4. DIVIDEND
ANALYSIS
3.26%
DIVIDEND YIELD
0.135 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Eagle Point Credit Company Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Retire With Two 9% Picks From Your Favorite Income Machine: ECC
Eagle Point Credit's common stock is unattractive due to high fees and poor risk-adjusted returns, despite its popularity among retail investors. I recommend two ECC fixed-income products—ECCC and ECC.PR.D—each offering yields above 9% and higher in the capital structure than common stock. ECCC provides lower duration and cumulative monthly distributions, making it a solid choice for risk-conscious investors.
seekingalpha.com
- 1 month ago
7 Closed-End Fund Buys (And 4 Sells) In The Month Of April 2025
April's market volatility, driven by tariffs and led by tech sector declines, created opportunities to deploy cash. However, it was an opportunity to reposition my portfolio as well, with 2 swap trades to de-risk my portfolio. There were 2 corporate actions in the last month that also saw two more positions removed from my CEF portfolio, but overall, I was a net buyer for the month.
seekingalpha.com
- 1 month ago
It's Raining CLO Equity CEFs And Why We Got Longer
The CLO Equity CEF sector has doubled in size over the past two years, driven by new entrants and favorable market conditions. Key catalysts include a benign default environment, tightening credit spreads, and the attractiveness of floating-rate assets amid a flat/inverted yield curve. CLO Equity funds benefit from embedded options like reinvestment and call options, which enhance returns during periods of market volatility.
seekingalpha.com
- 1 month ago
CEF Weekly Review: CLO CEFs' NAVs Take It On The Chin In March
We review the CEF market valuation and performance through the third week of April and highlight recent market action. Nearly all CEF sectors finished in the green this week, though month-to-date performance remains underwater. The median CEF sector discount has bounced off the trough, trading near the longer-term historical average, recovering close to half its April drawdown.
seekingalpha.com
- 1 month ago
Dirt Cheap Preferred Stocks For Safer Income, +9% Yield
Fearful markets present opportunities for income investors. Embrace the Income Method to cut through market noise, focusing on reliable, growing income by investing higher up in the capital structure. We discuss our top picks that enjoy safety by being higher up in the capital structure; yields +9%.
seekingalpha.com
- 2 months ago
Closed-End Funds: Seeking Stable Yields From CLO Baby Bonds And Preferred
Collateralized loan obligation CEFs offer high yields but come with significant leverage, volatility and higher risk, making them less appropriate for all income investors. Baby bonds and preferred offerings from CLO CEFs provide safer, more stable income, balancing risk-reward when it comes to seeking income. We have new offerings in the space since our last update, leading to greater diversification potential and increasing the viability of setting up a ladder of maturities.
seekingalpha.com
- 3 months ago
Preferreds Weekly Review: Agency mREITs Deliver Good Results
We take a look at the action in preferreds and baby bonds through the last week of January and highlight some of the key themes we are watching. Preferred stocks saw mixed performance with Energy and Utilities sectors gaining; January's gain nearly offset December's losses. Agency mortgage REITs like AGNC and Annaly reported earnings that are broadly positive for preferreds shareholders.
seekingalpha.com
- 4 months ago
Preferreds Weekly Review: Fixed-Rate Preferreds Underperform
We take a look at the action in preferreds and baby bonds through the second week of December and highlight some of the key themes we are watching. All preferred stock sectors declined as longer-term Treasury yields rose; mREITs outperformed due to SOFR Fix/Float and CMT Reset preferreds. BDC GAIN issued a 7.875% 2030 baby bond.
seekingalpha.com
- 5 months ago
2 Income Machines That Keep Pumping Cash
Discover how reliable dividends can transform your portfolio into a consistent income powerhouse. Passive income generation from dividends can take you closer to financial freedom. We discuss our top picks with up to 10% yields for a sustainable retirement.
seekingalpha.com
- 6 months ago
Picks And Themes In The CLO Sector
CLOs remain very popular investment vehicles and have seen sizable inflows recently, judging by the AUM of open-end funds. We highlight some of the dynamics and key themes in the CLO market that can help investors guide their allocations. Current CLO market themes include a lack of new loans, drop in credit spreads, strong demand for CLO exposure, and improvement in CLO portfolio quality.
seekingalpha.com
- 10 months ago
CLO Closed-End Funds: Baby Bonds And Preferred Offering Steady Income
Collateralized loan obligation closed-end fund preferreds and baby bonds can offer relatively secure sources of income generation for investors. These offerings are subject to stricter regulations under the 1940 Act, limiting leverage and that can provide more security to these instruments. New offerings since our last update include EICC and CCIA, which naturally came with higher issued yields thanks to the higher rate environment.
seekingalpha.com
- 11 months ago
Bargain 8.80% Eagle Point Term Preferred Stock: Antidote To Reinvestment Risk
Fixed-income portfolios with primarily shorter term bonds and term preferred stocks have reinvestment risk. Reinvestment risk is the risk that when your bonds mature that interest rates will be lower so you must reinvest that money at lower yields. This lowers your income. In my opinion the best fixed-income securities for safety and yield are term preferred stocks issued by closed end funds (CEFs) that invest in CLOs.
seekingalpha.com
- 1 year ago
8. Profile
Summary
Eagle Point Credit Company Inc. ECCC
COUNTRY
US
INDUSTRY
Asset Management
MARKET CAP
$ 2.79 B
Dividend Yield
3.26%
Description
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. senior secured loans. Eagle Point Credit Company Inc. was formed on March 24, 2014 and is domiciled in the United States.
Contact
20 Horseneck Lane, Greenwich, CT, 06830
https://www.eaglepointcreditcompany.com
IPO
Date
June 14, 2021
Employees
None
Officers
Mr. Kyle William McGrady
Director of Marketing and Investor Relations
Mr. Nauman S. Malik J.D.
General Counsel & Chief Compliance Officer
Ms. Courtney Barrett Fandrick
Secretary
Mr. Thomas Philip Majewski CPA
Chief Executive Officer & Interested Director