Shares of EAGLE POINT CR/COM (NYSE:ECC) have earned an average recommendation of “Hold” from the five brokerages that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $24.00.

ECC has been the subject of a number of recent analyst reports. ValuEngine raised shares of EAGLE POINT CR/COM from a “sell” rating to a “hold” rating in a report on Friday, January 4th. National Securities reissued a “buy” rating and issued a $24.00 price objective on shares of EAGLE POINT CR/COM in a research note on Sunday, February 24th. Finally, LADENBURG THALM/SH SH downgraded shares of EAGLE POINT CR/COM from a “buy” rating to a “neutral” rating in a research note on Friday, February 22nd.

A number of large investors have recently modified their holdings of the stock. B. Riley Financial Inc. bought a new position in shares of EAGLE POINT CR/COM in the third quarter valued at $999,000. National Asset Management Inc. raised its holdings in EAGLE POINT CR/COM by 35.9% during the 4th quarter. National Asset Management Inc. now owns 172,834 shares of the investment management company’s stock valued at $2,456,000 after buying an additional 45,663 shares during the last quarter. Shaker Financial Services LLC bought a new stake in EAGLE POINT CR/COM during the 4th quarter valued at $623,000. CIBC Private Wealth Group LLC raised its holdings in EAGLE POINT CR/COM by 39.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 41,635 shares of the investment management company’s stock valued at $592,000 after buying an additional 11,795 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in EAGLE POINT CR/COM by 81.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 23,947 shares of the investment management company’s stock valued at $340,000 after buying an additional 10,750 shares during the last quarter. 43.62% of the stock is owned by institutional investors and hedge funds.

Shares of EAGLE POINT CR/COM stock opened at $17.73 on Friday. EAGLE POINT CR/COM has a 1-year low of $12.16 and a 1-year high of $18.87. The company has a market cap of $419.39 million, a PE ratio of 11.15 and a beta of 0.58.

EAGLE POINT CR/COM (NYSE:ECC) last issued its quarterly earnings results on Thursday, February 21st. The investment management company reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.04). The firm had revenue of $17.75 million for the quarter, compared to the consensus estimate of $18.20 million. On average, research analysts forecast that EAGLE POINT CR/COM will post 1.66 earnings per share for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 12th will be paid a $0.20 dividend. This represents a $2.40 annualized dividend and a yield of 13.53%. The ex-dividend date of this dividend is Thursday, April 11th. EAGLE POINT CR/COM’s payout ratio is 150.94%.

About EAGLE POINT CR/COM

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.

See Also: Return on Equity (ROE)

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