Headlines about Eagle Point Credit (NYSE:ECC) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Eagle Point Credit earned a news impact score of 0.08 on Accern’s scale. Accern also gave news coverage about the investment management company an impact score of 45.3735802287057 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern’s rankings:
- Eagle Point Credit Company Inc. (ECC) With $18.53 Price Forms Bearish Multiple Bottom Pattern (beyondtheninetyminutes.com)
- Eagle Point Credit Company Inc. (ECC) Forms Bearish Multiple Bottom at $18.53 (thecasualsmart.com)
- Eagle Point Credit Co Announces Monthly Dividend of $0.20 (ECC) (americanbankingnews.com)
- Eagle Point Credit Co (ECC) Announces Monthly Dividend of $0.20 (americanbankingnews.com)
- Eagle Point Credit (ECC) Rating Lowered to Hold at ValuEngine (americanbankingnews.com)
ECC traded down $0.20 during midday trading on Thursday, reaching $18.55. 82,898 shares of the company’s stock were exchanged, compared to its average volume of 123,168. The stock has a market cap of $349.28, a price-to-earnings ratio of 9.87 and a beta of 0.20. Eagle Point Credit has a one year low of $17.28 and a one year high of $22.11.
The firm also recently declared a monthly dividend, which will be paid on Thursday, May 31st. Shareholders of record on Friday, May 11th will be paid a dividend of $0.20 per share. This represents a $2.40 dividend on an annualized basis and a yield of 12.94%. The ex-dividend date of this dividend is Thursday, May 10th. Eagle Point Credit’s dividend payout ratio is 127.66%.
Several equities analysts have commented on the stock. National Securities reissued a “buy” rating and set a $24.00 target price on shares of Eagle Point Credit in a research report on Monday, February 26th. ValuEngine downgraded shares of Eagle Point Credit from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Zacks Investment Research downgraded Eagle Point Credit from a “hold” rating to a “sell” rating in a research report on Monday, February 26th. 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 company has an average rating of “Buy” and an average target price of $21.13.
COPYRIGHT VIOLATION WARNING: “Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Eagle Point Credit (ECC) Stock Price” was reported by BBNS and is the property of of BBNS. If you are reading this news story on another domain, it was illegally copied and republished in violation of United States and international trademark & copyright law. The correct version of this news story can be read at https://baseballnewssource.com/2018/04/05/eagle-point-credit-ecc-earning-somewhat-favorable-media-coverage-report-shows/2027617.html.
Eagle Point Credit Company Profile
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.
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