Eagle Point Credit Company Inc. Announces Second Quarter 2018 Financial Results
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Eagle Point Credit Company (ECC) PT Lowered to $20 at Oppenheimer
August 15, 2018 9:31 AM EDTOppenheimer analyst Chris Kotowski lowered the price target on Eagle Point Credit Company (NYSE: ECC) to $20.00 (from $21.00) while maintaining an Outperform rating.
Kotowski commented, "We very much like ECC's business model; investing in CLO equity is very similar in return to... More
Eagle Point Credit (ECC) Tops Q2 EPS by 1c
August 14, 2018 8:03 AM EDTEagle Point Credit (NYSE: ECC) reported Q2 EPS of $0.34, $0.01 better than the analyst estimate of $0.33.
Net investment income (NII) net of realized capital gains from the Companys portfolio and capital losses from financing activities of $0.34 per weighted average common share1.NAV per common share of $16.51 as of June 30, 2018.Second quarter 2018 GAAP net income (inclusive of unrealized mark-to-market gains) of $9.5 million, or $0.44 per weighted average common share.Weighted average effective yield of the Companys collateralized loan obligation (CLO) equity portfolio was 14.08% as of June 30, 2018.Deployed $31.3 million in net capital... More