Eagle Point Credit

Eagle Point Credit Co., Inc. is a closed-end investment company. Its investment objective is to generate high current income, and generate capital appreciation by investing primarily in equity and junior debt tranches of CLOs. The company was founded on March 24, 2014 and is headquartered in Greenwich, CT.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Eagle Point Credit excels in Q1 2024, navigating market challenges

Eagle Point Credit's Q1 2024 performance reflects resilience and strategic agility in navigating market challenges while capitalizing on growth opportunities
The company's strong financial metrics, capital deployment strategies, and industry recognition position it well for sustained success in the evolving investment landscape
Despite challenges, Eagle Point Credit remains focused on optimizing portfolio performance, managing risks, and delivering value to shareholders through prudent financial management

Eagle Point Credit excels in Q2 with strategic investments and growth opportunities

ECC delivered a strong performance in Q2 2024, with increased cash flows, robust investment activity, and strategic financial maneuvers.
The company's solid asset coverage ratios, extended reinvestment periods, and NAV accretion highlight its financial strength and prudent management.
While facing challenges in a dynamic market, ECC can leverage opportunities like new stock offerings and high-yield investments for future growth.
Striking a balance between risk management and growth initiatives will be key for ECC to navigate potential market uncertainties and sustain performance.

Eagle Point Credit excels in Q3 with rising cash flows and NAV, poised for strategic growth

Eagle Point Credit delivered a solid performance in Q3 2024, with increasing cash flows, rising NAV per share, and strategic investments driving growth.
Despite challenges such as market volatility and maintaining consistent growth, the company's strengths in effective capital deployment and risk management stand out.
Opportunities lie in further optimizing the portfolio, exploring new investments, and leveraging its financial strength to drive future value creation.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

CLO Equity offers high returns but comes with significant risks, especially during economic downturns, as defaults can severely impact the equity tranche. ECC's GAAP Net Investment Income (NII) is insufficient to cover its dividend payouts, leading to NAV erosion and reliance on share issuances. ECC's current dividend yield of 21.19% is unsustainable, with expected long-term returns of 12.80%, assuming stable economic conditions and limited defaults.

ECC: A High Yield Macroeconomic Bet On Low Default Rates

CLO preferreds offer a low-risk investment opportunity due to their higher priority in the capital stack and strong asset coverage ratio. The ECC Preferred D shares are currently trading for 80 cents on the dollar and offer an 8.5% dividend yield. A soft landing, further Fed rate cuts, and an end to the issue of new preferreds all form future positive catalysts.

Eagle Point Credit: The 8.5% Yielding Series D Preferreds Are Discounted, I Doubled My Position

Eagle Point Credit Company Inc - 6.6875% NT REDEEM 30/04/2028 USD 25

Eagle Point Credit Co LLC (NYSE:ECC ) Q3 2024 Earnings Conference Call November 14, 2024 10:00 AM ET Corporate Participants Garrett Edson - ICR, Investor Relations Tom Majewski - Chief Executive Officer Ken Onorio - Chief Financial Officer and Chief Operating Officer Conference Call Participants Mickey Schleien - Ladenburg Thalmann Matthew Howlett - B. Riley Securities Paul Johnson - KBW Greg Kraut - KPG Funds Operator Greetings.

Eagle Point Credit Co LLC (ECC) Q3 2024 Earnings Call Transcript

Eagle Point (ECC) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.34 per share a year ago.

Eagle Point (ECC) Q3 Earnings and Revenues Surpass Estimates

GREENWICH, Conn.--(BUSINESS WIRE)---- $ECC--Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCF, ECCV, ECCW, ECCX) today announced financial results for the quarter ended September 30, 2024 and certain additional activity through October 31, 2024. “Our portfolio generated another quarter of strong recurring cash flows, and we deployed $171.1 million of net capital into investments with compelling risk-adjusted returns,” said Thomas P. Majewski, Chief Executive Officer. “We ac.

Eagle Point Credit Company Inc. Announces Third Quarter 2024 Financial Results

GREENWICH, Conn.--(BUSINESS WIRE)---- $ECC--Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCF, ECCV, ECCW, ECCX) today is pleased to announce the declaration of distributions on shares of the Company's common stock. For the first quarter of 2025, the Company is declaring three separate monthly distributions of $0.14 per share on its common stock. The distributions are payable based on the following schedule: Amount per Common Share Record Date Payable Date $0.14 January 13,.

Eagle Point Credit Company Inc. Announces First Quarter 2025 Common Distributions and Preferred Distributions

GREENWICH, Conn.--(BUSINESS WIRE)---- $ECC--Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCF, ECCV, ECCW, ECCX) today announced that it plans to report financial results for the quarter ended September 30, 2024 on Thursday, November 14, 2024. The Company will discuss its financial results on a conference call on that day at 10:00 a.m. (Eastern Time). Thomas P. Majewski, Chief Executive Officer, will host the call along with Kenneth P. Onorio, Chief Financial Officer. All i.

Eagle Point Credit Company Inc. Schedules Release of Third Quarter 2024 Financial Results on Thursday, November 14, 2024

Oxford Lane Capital

Eagle Point Credit's Preferred “D” is grossly undervalued due to the company's open market selling of the shares, which has greatly suppressed its price and offers an 8.65% yield. ECC.PR.D has lagged its closest peer by over 18% and the PFF preferred stock ETF by over 11%. When the selling ends, there is big upside here. Oxford Lane offers a very undervalued baby bond - symbol OXLCI. Its yield to maturity blows away the other baby bonds in the sector (and even many term preferred stocks).

2 Deep Fixed-Income Bargains From Oxford Lane And Eagle Point

Enterprise Products Partners

Generation Income Properties

NextEra Energy

Orchid Island Capital

Pfizer

Prospect Capital

Ready Capital Corp

Sirius XM Holdings Inc

Presidio Property Trust

STAG Industrial

Triplepoint Venture Growth BDC

Trinity Capital

Since May 2017, any dividend-paying stock mentioned by readers is included in my reader favorite listings, highlighting potential opportunities and risks. My stock lists aim to identify promising dividend stocks, using a contrarian investing strategy, primarily for new buyers seeking high-yield opportunities. Reader feedback is crucial for correcting errors and refining strategies, including suggestions for buy-and-hold stocks and option strategies for monthly dividends.

Readers Identify 25 Ideal September Dividend Buys Out Of 39 Picks

How well do you understand the economy and how it is financed? The better you understand the economy, the better you can use it to generate income. I collect income from all around me, combining into a massive stream of life giving cash.

Your Retirement Can Be Saved By Income: ECC

I rate Eagle Point Credit Company a Strong Buy due to its high-yield distribution supported by strong returns from CLO equity positions. ECC offers a nearly 20% yield with a stable $0.16 monthly distribution, backed by recurring cash flows that exceed expenses and distributions.

Eagle Point Credit Collects Income From CLO Equity (Mostly) And Yields Over 19%

Ares Capital

BlackRock Science & Technology

Crescent Capital BDC Inc

Calamos Dynamic Convertible & Income Fund

Calamos Global Total Return Fund

Eaton Vance Enhanced Equity Income Fund II

Eaton Vance Tax Advantaged Global Dividend Opportunities Fund

Eaton Vance Tax-Advantaged Dividend Income Fund

Fidus Investment

Guggenheim Strategic Opportunities Fund

John Hancock Tax-Advantaged Dividend Income Fund

JPMorgan Equity Premium Income ETF

JPMorgan Nasdaq Equity Premium Income ETF

Barings Corporate Investors

PIMCO Corporate & Income Strategy Fund

PIMCO Dynamic Income Fund

John Hancock Premium Dividend Fund

PIMCO Corporate & Income Opportunity Fund

Global X NASDAQ 100 Covered Call ETF

Cohen & Steers Quality Income Realty Fund

Royce Value Trust

Global X Russell 2000 Covered Call ETF

Special Opportunities Fund Inc

Total Return is a percentage measure reflecting the total performance of a fund, incorporating both capital gains and the effect of dividends reinvested over a specific period. Net Asset Value is the value of an investment fund, determined by subtracting liabilities from assets. The fund's per-share NAV is found by dividing NAV by number of shares outstanding. A positive Total Return with a negative NAV performance creates dissonance in my opinion, whereas having both values positive gives a favorable indication of the quality of a fund.

My 9.5% Income Portfolio-The View From The Top

Eagle Point Credit's Series D preferred shares offer an 8.7% yield, with strong dividend and asset coverage, making them a good risk/reward investment. ECC's net investment income of $49.6M in H1 2023 covers perpetual preferred dividends comfortably, with a payout ratio of less than 3%. The company maintains a robust balance sheet with a 352% asset coverage ratio, far exceeding the minimum 200% requirement for preferred stock.

Eagle Point Credit: 19% Yield On Common And 8.7% On Preferred Equity

Panagram Bbb-B Clo Etf

Janus Henderson AAA CLO ETF

Janus Detroit Street Trust-Janus Henderson B-BBB CLO ETF

CLOs have several tranches. Equity tranches are the riskiest ones, but also have the highest yields, and strongest potential returns. Debt tranches are safer and lower-yielding, some significantly so, some moderately so.

CLO Debt ETFs Or CLO Equity CEFs: Which Are Best For Income Investors And Retirees

Eagle Point Credit offers a unique opportunity to invest away from traditional stocks and bonds, focusing on CLO equity. ECC's Q2 earnings update shows significant developments, including a massive capital raise and declining net asset value. The CLO market is growing rapidly, presenting risks as outlined in a recent report from the Federal Reserve Board.

Eagle Point Credit: Common Shares Are Becoming Less Attractive Than Preferreds

AGNC Investment

Ellington Financial

Estee Lauder

Euroseas

Energy Transfer LP Unit

FS KKR Capital Corp

Noah Holdings Ltd.

Petroleo Brasileiro

Provident Financial Services

Vale S.A.

Invesco Senior Income Trust

Verizon

XAI Octagon Floating Rate & Alternative Income Term Trust

Before July 31, 2024, my REaders mentioned 38 equities in their comments on my articles. Some bad-news investments (ROgues) mixed with (mostly) FAvorites. Thus, readers commented about the ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN ReFa/Ro: FSK, PFE, VZ, PFS, PBR, ET, ESEA, EL, VALE, and NOAH averaged 41.06% net gains from reader data collected 8/14/24. Ten analyst-target-augured July TOP-PRICE-UPSIDE reader faves & rogues (ReFa/Ro) were: XOM, PBR, PFE, VZ, PFS, ET, ESEA, EL, VALE & NOAH, boasting a 33.38% average target price upside estimate.

Readers Identify 25 Ideal July Dividend Buys Out Of 37 Picks

When it comes to investing in debt, the U.S. economy remains my top priority due to its outstanding strength. Eagle Point Credit Co LLC is firing on all cylinders and investors are getting rewarded. Income catalysts can massively boost your income stream in retirement.

Great News For This Fat 18% Yield: ECC

Western Asset Global Corp Defined Opportunity Fund Inc

Western Asset Investment Grade Defined Opportunity Trust

OFS Credit Company Inc

Putnam High Income Securities Fund

Western Asset Diversified Income Fund

We review CEF market valuation and performance through the second week of August and highlight recent market action. CEFs were mixed, with MLP funds recovering while REIT funds struggled. The CEF, High Income Securities Fund, is implementing a novel strategy to get its initiatives approved by shareholders.

CEF Weekly Review: PCF Tries To Get Shareholders To Care

Eagle Point Credit Co LLC (NYSE:ECC ) Q2 2024 Earnings Conference Call August 6, 2024 10:00 AM ET Company Participants Garrett Edson - ICR, Investor Relations Thomas Majewski - Chief Executive Officer Kenneth Onorio - Chief Financial Officer and Chief Operating Officer Conference Call Participants Mickey Schleien - Ladenburg Thalmann & Co. Inc. Mitchel Penn - Oppenheimer & Co. Inc. Matthew Howlett - B. Riley Securities, Inc. Paul Johnson - Keefe, Bruyette & Woods Steven Bavaria - Inside the Income Factory Operator Greetings.

Eagle Point Credit Co LLC (ECC) Q2 2024 Earnings Call Transcript

Eagle Point (ECC) came out with quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.32 per share a year ago.

Eagle Point (ECC) Misses Q2 Earnings and Revenue Estimates

GREENWICH, Conn.--(BUSINESS WIRE)---- $ECC--Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCF, ECCV, ECCW, ECCX) today announced financial results for the quarter ended June 30, 2024 and certain additional activity through July 31, 2024. “Cash flow from our portfolio remained robust during the quarter, with recurring cash flows from our portfolio increasing both on an absolute and per share basis quarter over quarter,” said Thomas P. Majewski, Chairman and Chief Executive O.

Eagle Point Credit Company Inc. Announces Second Quarter 2024 Financial Results

GREENWICH, Conn.--(BUSINESS WIRE)---- $ECC--Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCF, ECCV, ECCW, ECCX) today is pleased to announce the declaration of distributions on shares of the Company's common stock. For the fourth quarter of 2024, the Company is declaring three separate monthly regular distributions of $0.14 per share on its common stock and three separate monthly supplemental distributions of $0.02 per share on its common stock. The distributions are payab.

Eagle Point Credit Company Inc. Announces Fourth Quarter 2024 Regular and Supplemental Common Distributions and Preferred Distributions

Oxford Square Capital

CLOs remain very popular investment vehicles and have seen sizable inflows recently, judging by the AUM of open-end funds. We highlight some of the dynamics and key themes in the CLO market that can help investors guide their allocations. Current CLO market themes include a lack of new loans, drop in credit spreads, strong demand for CLO exposure, and improvement in CLO portfolio quality.

Picks And Themes In The CLO Sector

GREENWICH, Conn.--(BUSINESS WIRE)---- $ECC--Eagle Point Credit Company Inc. (the “Company”) (NYSE: ECC, ECCC, ECC PRD, ECCF, ECCV, ECCW, ECCX) today announced that it plans to report financial results for the quarter ended June 30, 2024 on Tuesday, August 6, 2024. The Company will discuss its financial results on a conference call on that day at 10:00 a.m. (Eastern Time). Thomas P. Majewski, Chief Executive Officer, will host the call along with Kenneth P. Onorio, Chief Financial Officer. All interested.

Eagle Point Credit Company Inc. Schedules Release of Second Quarter 2024 Financial Results on Tuesday, August 6, 2024

ARMOUR Residential REIT

Kenvue

TotalEnergies SE

Prior to June 30, 2024, my REaders mentioned 40 equities in their comments on my articles. Some bad news investments (ROgues) mixed with (mostly) FAvorites. Thus, readers commented about the ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN ReFa/Ro: VZ, EPD, ECC, OXLC, NEP, TTE, RC, KVUE, ORC, and TPVG averaged 21.11% net gains from reader data collected 7/12/24. Ten analyst-target-augured June TOP-PRICE-UPSIDE reader faves & rogues (ReFa/Ro) were: NEP, RC, O, ORC PFE, VZ, EPD, TPVG, TTE, and KVUE, boasting a 12.02% average target price upside estimate.

Readers Identify 30 Ideal June Dividend Buys Out Of 40 Nods

News for Eagle Point Credit ETF (ECC)