Eagle Point Credit Company Inc. Announces First Quarter 2018 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/2/2026
- Wall St set to snap three-day losing streak as stocks reclaim some shine
- Oil rises 1%, as US-Iran strikes risk limiting already impaired supplies
- Dell again lifts annual forecasts as AI demand powers record results
- Could Apple’s foldable iPhone be a $14B opportunity? Morgan Stanley weighs in
- Uber stock gains 2% as tech giant cuts 3,300 jobs in major restructuring
- GoPro to merge with Starman Optical in $285M recapitalization deal
- GoPro (GPRO) Halted, News Pending
- Wall Street ends lower as higher yields, rising oil prices mark shaky start to September
- Crude Inventory Fell 4.5M Barrels Last Week - EIA
- TScan cuts 75% of workforce, pivots to solid tumor cell therapy
Eagle Point Credit (ECC) Tops Q4 EPS by 6c
May 17, 2018 8:06 AM EDTEagle Point Credit (NYSE: ECC) reported Q4 EPS of $0.50, $0.06 better than the analyst estimate of $0.44.
We continued to actively manage the Companys portfolio, prudently deploying capital while also opportunistically selling certain investments and realizing gains, said Thomas Majewski, Chief Executive Officer. During the quarter, we deployed $91.6 million into new investments and reset 4 of the Companys CLO investments, lengthening the reinvestment periods in each transaction. Our focus remains on the long term and seeking to lock in lower cost CLO debt for a longer duration.
Our NII and realized capital gains per share... More
