Financial Services - Asset Management - Income - NYSE - US
$ 15.88
-0.998 %
$ 206 M
Market Cap
3.76
P/E
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.[ Read More ]
The intrinsic value of one EIC stock under the base case scenario is HIDDEN Compared to the current market price of 15.9 USD, Eagle Point Income Company Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart EIC
FINANCIALS
26.8 M
REVENUE
20.9 M
OPERATING INCOME
29.3 M
NET INCOME
-63.4 M
OPERATING CASH FLOW
0
INVESTING CASH FLOW
64.3 M
FINANCING CASH FLOW
10.9 M
REVENUE
7.89 M
OPERATING INCOME
8.51 M
NET INCOME
-42.5 M
OPERATING CASH FLOW
0
INVESTING CASH FLOW
53 M
FINANCING CASH FLOW
Balance Sheet Decomposition
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 | 1.78 M |
| Accounts Payable | 144 K |
| Short-Term Debt | 0 |
| Other Current Liabilities | 1.63 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 | 20.9 M |
| Other Expenses | -8.4 M |
| Net Income | 29.3 M |
RATIOS
85.50%
GROSS MARGIN
78.08%
OPERATING MARGIN
109.48%
NET MARGIN
18.51%
ROE
12.02%
ROA
13.20%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Eagle Point Income Company Inc.
| Net Income | 29.3 M |
| Depreciation & Amortization | 11.7 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
10.20%
EIC Average Price Target
Wall Street Target
17.5 USD
10.20%
EIC Highest Price Target
Wall Street Target
17.5 USD
10.20%
4. DIVIDEND ANALYSIS
3.80%
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
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
- 1 day 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 days 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
- 1 week 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
- 1 week 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
- 2 weeks 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 weeks ago
Preferreds Weekly Review: Embedded Options And Redemption Likelihood
We take a look at the action in preferreds and baby bonds through the first week of October and highlight some of the key themes we are watching. Preferred stocks saw slight declines as Treasury yields rose, but year-to-date returns remain strong, outperforming REITs and BDCs. Lower-priced preferreds offer better capital gain potential and are more attractive due to lower negative convexity compared to higher-priced counterparts.
seekingalpha.com
- 1 month ago
EICC: Compared To Other 2029 Choices, I Have Downgraded My Rating To Sell
I am downgrading Eagle Point Income Company Inc. NT 29, trading under EICC, from Buy to Sell due to poor yield comparisons and coverage ratio. EICC's primary investment objective is high current income, investing mainly in junior debt tranches of CLOs, with a secondary focus on capital appreciation. Compared to other 2029 maturing issues, EICC offers the least yield and coverage, with RWTO providing the best yield-to-call and coverage.
seekingalpha.com
- 1 month ago
Eagle Point Income: 15% Yield On Common Stock, 8% On Preferred Stock
Eagle Point Income's strong balance sheet ensures the preferred equity is well covered, with a healthy 311% asset coverage ratio at the end of June. The focus is on preferred shares, particularly EICA, with plans to add EICC for longer duration. The common stock yields 15.4%, but dividend payments may stagnate or decrease as market interest rates drop.
seekingalpha.com
- 2 months ago
Eagle Point Income Co Inc (EIC) Q2 2024 Earnings Call Transcript
Eagle Point Income Co Inc (NYSE:EIC ) Q2 2024 Earnings Conference Call August 6, 2024 11:30 AM ET Company Participants Peter Sceusa – ICR Tom Majewski – Chairman and Chief Executive Officer Dan Ko – Senior Principal and Portfolio Manager Lena Umnova – Chief Accounting Officer Conference Call Participants Operator Greetings, and welcome to the Eagle Point Income Company's Second Quarter 2024 Financial Results Conference. At this time all participants are in a listen-only mode.
seekingalpha.com
- 3 months ago
Eagle Point Income: May Benefit From Interest Rate Cuts
Eagle Point Income operates as a closed end management company with a focus on CLO debt investments. EIC focuses on BB-rated CLO debt investments made on a floating rate basis. This floating rate focus helps generate higher earnings with higher interest rates. The dividend distribution is well-covered by net investment income and recurring cash distributions, making EIC a sustainable income investment.
seekingalpha.com
- 3 months ago
5 Closed-End Fund Buys (And 2 Sells) In The Month Of June 2024
June was another month where we saw broader equities hitting new all-time highs. However, that participation was rather narrow as the mega-cap tech names led the way higher. This last month, I added to or initiated positions in five different closed-end fund names; I sold out of two positions this month.
seekingalpha.com
- 4 months ago
8. Profile Summary
Eagle Point Income Company Inc. EIC
COUNTRY
US
INDUSTRY
Asset Management - Income
MARKET CAP
$ 206 M
Dividend Yield
3.80%
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. Kenneth Paul Onorio CPA
Chief Financial Officer & Chief Operating Officer
Mr. Nauman S. Malik
Chief Compliance Officer
Ms. Courtney Barrett Fandrick
Secretary
Mr. Thomas Philip Majewski CPA
Chairperson & Chief Executive Officer