Eagle Point Credit (NYSE:ECC) Earns News Sentiment Rating of 0.10
Media stories about Eagle Point Credit (NYSE:ECC) have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Eagle Point Credit earned a news impact score of 0.10 on Accern’s scale. Accern also gave media coverage about the investment management company an impact score of 45.642067571041 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Zebra Capital Management Has Cut International Bancshares (IBOC) Stake; Eagle Point Credit Company (ECC) Had 3 Analysts Last Week (whatsonthorold.com)
- Eagle Point Credit Company Inc (ECC) Seeing Increased Volatility in Session – Evergreen Caller (evergreencaller.com)
- Eagle Point Credit Company Inc. (NYSE:ECC) Sees Significantly Higher Trading Volume – Highlight Press (highlightpress.com)
- Unusual Activity Spotted in Eagle Point Credit Company Inc (ECC) – Sparta Review (spartareview.com)
- Eagle Point Credit Company Inc. (NYSE:ECC) Experiences Heavy … – Modern Readers (modernreaders.com)
Eagle Point Credit (NYSE:ECC) opened at 20.45 on Tuesday. The company’s 50-day moving average price is $20.67 and its 200 day moving average price is $19.84. Eagle Point Credit has a 52 week low of $16.13 and a 52 week high of $22.11.
The business also recently disclosed a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Tuesday, September 12th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, September 11th. This represents a $2.40 annualized dividend and a yield of 11.74%. Eagle Point Credit’s dividend payout ratio (DPR) is presently 39.15%.
Several brokerages recently issued reports on ECC. National Securities restated a “buy” rating and set a $24.00 price target on shares of Eagle Point Credit in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded Eagle Point Credit from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. CIBC began coverage on Eagle Point Credit in a research note on Tuesday, May 16th. They set an “outperform” rating on the stock. Finally, Oppenheimer Holdings, Inc. began coverage on Eagle Point Credit in a research note on Tuesday, May 16th. They set an “outperform” rating and a $24.00 price target on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $21.00.
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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