EAGLE POINT CR/COM (NYSE:ECC) released its quarterly earnings data on Thursday. The investment management company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04, Yahoo Finance reports. The business had revenue of $17.66 million for the quarter, compared to the consensus estimate of $15.50 million.
EAGLE POINT CR/COM stock traded up $0.17 during trading hours on Friday, hitting $6.27. 301 shares of the stock were exchanged, compared to its average volume of 252,065. The stock has a market capitalization of $132.43 million, a P/E ratio of -87.13 and a beta of 0.99. EAGLE POINT CR/COM has a 12 month low of $3.78 and a 12 month high of $19.41. The business’s 50-day moving average is $6.15 and its two-hundred day moving average is $11.96.
The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be issued a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a yield of 15.31%. The ex-dividend date of this dividend is Thursday, September 10th. EAGLE POINT CR/COM’s dividend payout ratio is currently 161.19%.
In other EAGLE POINT CR/COM news, Portfolio Manager Daniel M. Spinner acquired 536,875 shares of EAGLE POINT CR/COM stock in a transaction on Tuesday, March 17th. The shares were bought at an average price of $10.09 per share, with a total value of $5,417,068.75. Also, CEO Thomas P. Majewski bought 5,000 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were acquired at an average price of $6.55 per share, for a total transaction of $32,750.00. Following the acquisition, the chief executive officer now directly owns 60,000 shares of the company’s stock, valued at approximately $393,000. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 617,450 shares of company stock valued at $6,303,837. Company insiders own 0.41% of the company’s stock.
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.
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