Eagle Point Credit (ECC) Given Media Impact Score of 0.16

News stories about Eagle Point Credit (NYSE:ECC) have trended somewhat positive on Sunday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Eagle Point Credit earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave headlines about the investment management company an impact score of 46.3959315920886 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Shares of Eagle Point Credit (NYSE:ECC) opened at $18.35 on Friday. The firm has a market capitalization of $337.89, a P/E ratio of 7.28 and a beta of 0.27. Eagle Point Credit has a 52 week low of $17.22 and a 52 week high of $22.11. The company has a debt-to-equity ratio of 0.18, a quick ratio of 3.25 and a current ratio of 3.25.

Eagle Point Credit (NYSE:ECC) last posted its earnings results on Tuesday, November 14th. The investment management company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.06). Eagle Point Credit had a return on equity of 10.73% and a net margin of 65.86%. analysts forecast that Eagle Point Credit will post 1.9 EPS for the current year.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Monday, February 12th will be paid a dividend of $0.20 per share. This represents a $2.40 annualized dividend and a yield of 13.08%. The ex-dividend date is Friday, February 9th.

ECC has been the subject of several recent research reports. Zacks Investment Research cut Eagle Point Credit from a “hold” rating to a “sell” rating in a research note on Friday, November 17th. National Securities restated a “buy” rating and set a $24.00 target price on shares of Eagle Point Credit in a research note on Monday, November 20th. CIBC decreased their target price on Eagle Point Credit from $24.00 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, November 15th. Finally, Oppenheimer decreased their target price on Eagle Point Credit from $24.00 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, November 15th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Eagle Point Credit currently has an average rating of “Buy” and an average price target of $21.13.

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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.

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