$0.24 EPS Expected for Eagle Point Credit Company Inc. (ECC)

August 9, 2018 - By Billy Entrekin

Investors sentiment increased to 8 in Q1 2018. Its up 6.71, from 1.29 in 2017Q4. It increased, as 1 investors sold Eagle Point Credit Company Inc. shares while 1 reduced holdings. 6 funds opened positions while 10 raised stakes. 5.25 million shares or 146.38% more from 2.13 million shares in 2017Q4 were reported.
Natl Asset Mgmt Inc, a New York-based fund reported 17,639 shares. Pnc Services has invested 0% in Eagle Point Credit Company Inc. (NYSE:ECC). Focused Wealth stated it has 380 shares or 0% of all its holdings. Morgan Stanley reported 8,564 shares or 0% of all its holdings. Plante Moran Fin Limited Liability Company stated it has 0.02% of its portfolio in Eagle Point Credit Company Inc. (NYSE:ECC). Bard Assoc reported 131,233 shares stake. Moreover, Bessemer Group has 0% invested in Eagle Point Credit Company Inc. (NYSE:ECC) for 4,987 shares. The Ontario – Canada-based Manufacturers Life Insurance The has invested 0% in Eagle Point Credit Company Inc. (NYSE:ECC). Citigroup invested in 13,242 shares or 0% of the stock. Penn Mutual Life Insurance has 1.07% invested in Eagle Point Credit Company Inc. (NYSE:ECC) for 82,000 shares. Retail Bank Of America De owns 0% invested in Eagle Point Credit Company Inc. (NYSE:ECC) for 5,228 shares. Wells Fargo & Mn stated it has 1,520 shares or 0% of all its holdings. Thomas J Herzfeld Advsrs holds 2.27% of its portfolio in Eagle Point Credit Company Inc. (NYSE:ECC) for 322,655 shares. Oppenheimer Inc owns 10,534 shares or 0% of their US portfolio. Freestone Cap Ltd Liability, Washington-based fund reported 335,915 shares.

Analysts expect Eagle Point Credit Company Inc. (NYSE:ECC) to report $0.24 EPS on August, 14 before the open.They anticipate $0.29 EPS change or 54.72 % from last quarter’s $0.53 EPS. ECC’s profit would be $5.12 million giving it 19.31 P/E if the $0.24 EPS is correct. After having $0.50 EPS previously, Eagle Point Credit Company Inc.’s analysts see -52.00 % EPS growth. The stock increased 0.22% or $0.0401 during the last trading session, reaching $18.5401. About 59,005 shares traded. Eagle Point Credit Company Inc. (NYSE:ECC) has declined 7.82% since August 9, 2017 and is downtrending. It has underperformed by 20.39% the S&P500.

Eagle Point Credit Company Inc. is a closed ended fund launched and managed by Eagle Point Credit Management LLC. The company has market cap of $395.69 million. It invests in fixed income markets of the United States. It has a 9.11 P/E ratio. The fund invests equity and junior debt tranches of collateralized loan obligations consisting primarily of below investment grade U.S. senior secured loans.

Another recent and important Eagle Point Credit Company Inc. (NYSE:ECC) news was published by Businesswire.com which published an article titled: “Eagle Point Credit Company Inc. Schedules Release of Second Quarter 2018 Financial Results on Tuesday, August 14 …” on July 31, 2018.

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