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ECC

Eagle Point Credit Company Inc.

https://www.eaglepointcreditcompany.com

Industry

Asset Management

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.

Open

8.85

Mkt cap

750M

Volume

860K

High

8.86

P/E Ratio

10.22

52-wk high

10.49

Low

8.76

Div yield

0.21

52-wk low

8.56

Eagle Point Credit Company (ECC) reported Q4 earnings of $0.27 per share, missing the Zacks Consensus Estimate of $0.29 per share and down from $0.33 per share a year ago.

Portfolio Pulse from

February 20, 2025 | 4:00 pm

The article discusses the addition of two new baby bonds, ECCU and GAINI, to the HDO Bond Ladder, both maturing in 2030. It highlights opportunities in the fixed-income landscape, particularly with investment-grade debt securities offering high yields.

Portfolio Pulse from

February 02, 2025 | 2:45 pm

Eagle Point Credit's valuation has improved as its premium to NAV decreased from 20% to 5%. The fund's distribution yield is over 20%, and the growing private credit market, especially CLOs, supports its business model and potential future gains.

Portfolio Pulse from

January 29, 2025 | 12:15 pm

Eagle Point Credit's CEO, Tom Majewski, discusses the company's funds, ECC and EIC, which offer high monthly distributions. The funds are backed by CLOs, providing robust cash flow and resilience across credit cycles.

Portfolio Pulse from

January 14, 2025 | 8:30 pm

Eagle Point Credit is positioned for resilient yields due to extended reinvestment periods and an increased equity mix, despite potential challenges from declining loan accumulation facilities. ECC trades at a lower premium to NAV, making it an appealing buy.

Portfolio Pulse from

January 14, 2025 | 11:30 am

In the second week of December, all preferred stock sectors declined due to rising long-term Treasury yields. However, mREITs outperformed thanks to SOFR Fix/Float and CMT Reset preferreds. BDC GAIN issued a 7.875% 2030 baby bond.

Portfolio Pulse from

December 22, 2024 | 11:45 am

The Federal Reserve's guidance for only two rate cuts in 2025 has caused market panic, despite a current rate cut to 4.25-4.5%. Floating rate instruments like CLOs are attractive due to high-yield and low volatility. The article identifies one ETF and two CEFs as investment opportunities.

Portfolio Pulse from

December 20, 2024 | 7:00 pm

The article discusses the benefits of high yields from closed-end funds, emphasizing their ability to provide a steady cash flow, which is crucial for paying bills during retirement. It highlights the importance of focusing on cash flow rather than portfolio value for a retirement financial plan.

Portfolio Pulse from

December 19, 2024 | 12:45 pm

The article discusses the potential of reliable dividends to generate passive income and transform a portfolio into a consistent income powerhouse. It highlights top picks with up to 10% yields for a sustainable retirement.

Portfolio Pulse from

December 02, 2024 | 12:45 pm

ECC's high dividend yield is unsustainable due to insufficient GAAP Net Investment Income and reliance on share issuances. The company's long-term returns are expected to be lower, assuming stable economic conditions and limited defaults.

Portfolio Pulse from

November 19, 2024 | 9:45 am

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