Financial Services -
Asset Management - Income - NYSE - US
$ 15.83
0.828 %
$ 205 M
Market Cap
3.75
P/E
1. INTRINSIC VALUE
Balance Sheet
Eagle Point Income Company Inc.
| Current Assets | 8.81 M |
| Cash & Short-Term Investments | 944 K |
| Receivables | 7.04 M |
| Other Current Assets | 826 K |
| Non-Current Assets | 235 M |
| Long-Term Investments | 235 M |
| PP&E | 0 |
| Other Non-Current Assets | 0 |
| Current Liabilities | 17.6 M |
| Accounts Payable | 144 K |
| Short-Term Debt | 14.5 M |
| Other Current Liabilities | 2.92 M |
| Non-Current Liabilities | 0 |
| Long-Term Debt | 0 |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
Eagle Point Income Company Inc.
| Revenue | 26.8 M |
| Cost Of Revenue | 3.88 M |
| Gross Profit | 22.9 M |
| Operating Expenses | 5.86 M |
| Operating Income | 17 M |
| Other Expenses | -12.3 M |
| Net Income | 29.3 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Eagle Point Income Company Inc.
| Net Income | 29.3 M |
| Depreciation & Amortization | 15.5 M |
| Capital Expenditures | 4 |
| Stock-Based Compensation | 0 |
| Change in Working Capital | -2.47 M |
| Others | -90.6 M |
| Free Cash Flow | -63.4 M |
Wall Street Analysts Price Targets
Eagle Point Income Company Inc.
Wall Street analysts predict an average 1-year price target for EIC of $17.5 , with forecasts ranging from
a
low of
$17.5 to a high of $17.5 .
EIC Lowest Price Target
Wall Street Target
17.5 USD
10.55%
EIC Average Price Target
Wall Street Target
17.5 USD
10.55%
EIC Highest Price Target
Wall Street Target
17.5 USD
10.55%
4. DIVIDEND
ANALYSIS
3.43%
DIVIDEND YIELD
0.2 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Eagle Point Income 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
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
2 years ago
Oct 18, 2022
|
Bought
21.9 K USD
|
Majewski Thomas P.
Chairman/CEO
|
+ 1000
|
21.92 USD |
|
2 years ago
Jun 15, 2022
|
Bought
2.32 K USD
|
Majewski Thomas P.
Chairman/CEO
|
+ 100
|
23.17 USD |
|
3 years ago
Nov 17, 2021
|
Bought
36 K USD
|
Majewski Thomas P.
Chairman/CEO
|
+ 2000
|
18 USD |
|
3 years ago
Sep 16, 2021
|
Bought
16.1 K USD
|
Majewski Thomas P.
Chairman/CEO
|
+ 950
|
16.95 USD |
|
3 years ago
Sep 15, 2021
|
Bought
848 USD
|
Majewski Thomas P.
Chairman/CEO
|
+ 50
|
16.95 USD |
|
3 years ago
Sep 14, 2021
|
Bought
51.2 K USD
|
Majewski Thomas P.
Chairman/CEO
|
+ 3000
|
17.08 USD |
|
4 years ago
Apr 22, 2020
|
Bought
11.6 K USD
|
Malik Nauman S.
CCO
|
+ 1250
|
9.27 USD |
|
4 years ago
Apr 22, 2020
|
Bought
4.58 K USD
|
Onorio Kenneth P.
CFO/COO
|
+ 500
|
9.15 USD |
|
4 years ago
Apr 21, 2020
|
Bought
4.8 K USD
|
Onorio Kenneth P.
CFO/COO
|
+ 500
|
9.59 USD |
|
4 years ago
Apr 17, 2020
|
Bought
10.4 K USD
|
Majewski Thomas P.
Chairman and CEO
|
+ 1000
|
10.4 USD |
|
5 years ago
Jul 24, 2019
|
Bought
201 K USD
|
Majewski Thomas P.
CEO
|
+ 10100
|
19.89 USD |
|
5 years ago
Jul 24, 2019
|
Bought
55 K USD
|
Weiss Jeffrey L.
Director
|
+ 2765
|
19.89 USD |
|
5 years ago
Jul 24, 2019
|
Bought
105 K USD
|
Ko Daniel W.
|
+ 5275
|
19.89 USD |
|
5 years ago
Jul 24, 2019
|
Bought
75 K USD
|
Tramontano Paul E.
Director
|
+ 3770
|
19.89 USD |
|
5 years ago
Jul 24, 2019
|
Bought
400 K USD
|
EPCM Holdings LLC
|
+ 20110
|
19.89 USD |
|
5 years ago
Jul 24, 2019
|
Bought
106 K USD
|
Spinner Daniel M.
|
+ 5325
|
19.89 USD |
|
5 years ago
Jul 24, 2019
|
Bought
4.97 K USD
|
Spinner Daniel M.
|
+ 250
|
19.89 USD |
|
5 years ago
Jul 24, 2019
|
Bought
55 K USD
|
Onorio Kenneth P.
CFO/COO
|
+ 2765
|
19.89 USD |
|
5 years ago
Jul 24, 2019
|
Bought
75 K USD
|
Appleby Scott W.
Director
|
+ 3770
|
19.89 USD |
|
5 years ago
Jul 24, 2019
|
Bought
55 K USD
|
McDonald Kevin F.
Director
|
+ 2765
|
19.89 USD |
7. News
Yield Hunting (Part 1): EICC - An 8.2% YTM Addition To Our Short-Duration Portfolio
Eagle Point Income Co.'s 8.0% Series C Term Preferred Stock offers an attractive yield and strong protection due to its CLO-Debt-heavy portfolio. EICC pays an 8% annual cumulative dividend, has a maturity date in 2029, and is currently trading with a Yield to Maturity of 8.22%. The company's capital structure and mandatory asset coverage covenants provide confidence in the preservation of principal for preferred stock investors.
seekingalpha.com
- 1 week ago
Eagle Point Credit CEO Tom Majewski On Funds And Income
Founder and CEO Tom Majewski explains Eagle Point's two funds, ECC and EIC, and offering high monthly distributions to investors. CLOs, backed by senior secured loans to large corporations, provide robust cash flow and have shown resilience across multiple credit cycles.
seekingalpha.com
- 2 weeks ago
Eagle Point Income: 2-Year Term Preferred Offers 7.3% Yield To Maturity
I recommend Eagle Point Income's preferred shares Series A due to their appealing yield to maturity of 7.3-7.4% and strong asset coverage ratio exceeding 300%. EIC's net investment income of $8.6M comfortably covers preferred dividends, ensuring a solid income stream and financial stability. The balance sheet shows $405M in assets against $130M in liabilities, enhancing the safety of preferred shares.
seekingalpha.com
- 3 weeks ago
Preferreds Weekly Review: Market Doesn't Differentiate Between CLO Equity Senior Securities
We take a look at the action in preferreds and baby bonds through the third week of December and highlight some of the key themes we are watching. All preferred stock sectors declined, mirroring Treasuries, with CMT-linked preferreds up 1.4%, SOFR preferreds flat, and fixed-rate preferreds down 2.8% in December. CLO Equity CEF PDCC issued a new 8% 2029 term preferred.
seekingalpha.com
- 1 month ago
Three Buys In This Fed-Fueled Sell Off
The Fed's revised guidance for only two rate cuts in 2025 caused market panic, despite a current rate cut to 4.25-4.5%. Floating rate instruments like CLOs remain attractive due to their high-yield and low volatility, especially with rates staying above 4%. I identify one ETF and two CEFs for investors looking to take advantage of this panic and new course for the Fed.
seekingalpha.com
- 1 month ago
Seeking Yields Of +15%
High yields from closed-end funds can regularly provide you with a massive supply of cash. Cash is how we pay our bills, not our portfolio value. Your retirement portfolio is a bedrock part of your retirement financial plan.
seekingalpha.com
- 1 month ago
Eagle Point Income: Q3 Earnings Reinforces Portfolio Strength
Eagle Point Income (EIC) operates as a closed end fund that supported its high 14.7% dividend yield through a portfolio of CLO debt and equity investments. The recent Q3 earnings report provides reassurance of EIC's earnings potential in a changing interest rate environment. The rate of borrower defaults remain low and there are few borrower maturities until 2027, providing a long runway of steadily earnings.
seekingalpha.com
- 2 months ago
Eagle Point Income Co Inc. (EIC) Q3 2024 Earnings Call Transcript
Eagle Point Income Co Inc. (NYSE:EIC ) Q3 2024 Earnings Conference Call November 14, 2024 11:30 AM ET Company Participants Garrett Edson - ICR Thomas Majewski - Chairman and Chief Executive Officer Dan Ko - Senior Principal and Portfolio Manager Lena Umnova - Chief Accounting Officer Conference Call Participants Matthew Howlett - B. Riley Securities Operator Ladies and gentlemen, greetings, and welcome to the Eagle Point Income Company's Third Quarter 2024 Financial Results Call.
seekingalpha.com
- 2 months ago
Bargain Securities From NewtekOne And Eagle Point Income Company
At our Conservative Income Portfolio service, I specialize in uncovering relatively mispriced/undervalued preferred stocks and bonds that often fly under the radar and that should significantly outperform similar securities. In this article, I present two very undervalued high yielding baby bonds from NewtekOne and the evidence that I have to declare them very undervalued. Additionally, I will present two term preferred stocks from Eagle Point Credit Company, which offer an 8% yield to maturity for an investment that I consider quite safe.
seekingalpha.com
- 2 months ago
Eagle Point Income Company Inc. Announces First Quarter 2025 Common and Preferred Distributions
GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today is pleased to announce the declaration of distributions on shares of the Company's common stock. For the first quarter of 2025, the Company is declaring three separate monthly distributions of $0.20 per share on its common stock. The distributions are payable based on the following schedule: Amount per Common Share Record Date Payable Date $0.20 January 13, 2025 January 31, 202.
businesswire.com
- 2 months ago
Eagle Point Income Company Inc. Schedules Release of Third Quarter 2024 Financial Results on Thursday, November 14, 2024
GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today announced that it plans to report financial results for the quarter ended September 30, 2024 on Thursday, November 14, 2024. The Company will discuss its financial results on a conference call on that day at 11:30 a.m. (Eastern Time). Thomas P. Majewski, Chairman and Chief Executive Officer, will host the call along with Lena Umnova, the Investment Adviser's Chief Accounting Of.
businesswire.com
- 3 months ago
CEF Weekly Review: High Premiums Can Be Fragile
We review the CEF market valuation and performance through the third week of October and highlight recent market action. Discounts widened despite NAV strength across most CEF sectors; MLPs and Equity-linked sectors led in October. High-premium CEFs exhibit higher volatility; investor confidence and momentum play significant roles in price fluctuations.
seekingalpha.com
- 3 months ago
8. Profile
Summary
Eagle Point Income Company Inc. EIC
COUNTRY
US
INDUSTRY
Asset Management - Income
MARKET CAP
$ 205 M
Dividend Yield
3.43%
Description
Eagle Point Income Company manages capital on behalf of institutional, high-net-worth, and retail investors through private funds, separately managed accounts, and publicly-listed closed-end vehicles. They provide CLO securities and related investments. The investment objective is to generate high current income, with a secondary objective to generate capital appreciation.
Contact
600 Steamboat Road, Greenwich, CT, 06830
None
IPO
Date
July 24, 2019
Employees
None
Officers
Mr. Nauman S. Malik
Chief Compliance Officer
Ms. Courtney Barrett Fandrick
Secretary
Mr. Kenneth Paul Onorio CPA
Chief Financial Officer & Chief Operating Officer
Mr. Thomas Philip Majewski CPA
Chairperson & Chief Executive Officer