Eagle Point Credit Company Inc.
- Open
- 3.94
- Day high
- 3.98
- Day low
- 3.91
- Prev close
- 3.90
- Volume
- 1.3M
- Mkt cap
- $525M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 0.6
- P/S
- 65.9
- Yield
- 32.16%
- Per share
- $1.28
Eagle Point Credit Company Inc. (ECC) is a Financial Services company listed on NYSE. The stock is down 48% over the past year. Drillr has 1 published research article covering ECC.
Eagle Point Credit Company Inc. (ECC) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
ECC earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 13, 2026 | $0.18 | $0.17 | -5.6% | $38M | -8.9% |
| May 19, 2026 | $0.23 | $0.20 | -11.8% | $42M | -13.1% |
| Feb 17, 2026 | $0.23 | $0.27 | +17.4% | $51M | -0.7% |
| May 28, 2025 | $0.26 | $0.28 | +7.7% | $52M | -2.2% |
| Feb 20, 2025 | $0.28 | $0.27 | -3.6% | $36M | -30.3% |
| Nov 14, 2024 | $0.33 | $0.29 | -12.1% | $47M | -7.4% |
| May 21, 2024 | $0.34 | $0.30 | -11.8% | $42M | +2.4% |
| Feb 13, 2024 | $0.37 | $0.33 | -10.8% | $40M | +4.4% |
| Nov 14, 2023 | $0.33 | $0.35 | +6.1% | $37M | +9.6% |
| Aug 15, 2023 | $0.38 | $0.33 | -13.2% | $16M | -54.8% |
| May 23, 2023 | $0.54 | $0.35 | -35.2% | $31M | -12.8% |
| Feb 22, 2023 | $0.39 | $0.37 | -5.1% | $29M | -10.2% |
ECC insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Mar 18, 2026 | Ko Daniel W.other: Sr Principal/Portfolio Manager | Buy | 57,165 | $3.50 |
| Mar 13, 2026 | Onorio Kenneth P.officer: CFO / COO | Buy | 110,000 | $3.74 |
| Mar 21, 2025 | Majewski Thomas P.director, officer, other: Chief Executive Officer | Buy | 1,087 | $23.00 |
| Mar 18, 2025 | Onorio Kenneth P.officer: CFO/COO | Buy | 6,250 | $8.00 |
| Nov 18, 2024 | Onorio Kenneth P.officer: CFO/COO | Buy | 10,000 | $8.99 |
| Aug 15, 2024 | Onorio Kenneth P.officer: CFO/COO | Buy | 300 | $9.73 |
| May 31, 2023 | Majewski Thomas P.director, officer: CEO | Buy | 3,000 | $20.80 |
| Nov 16, 2022 | Onorio Kenneth P.officer: CFO/COO | Buy | 124 | $11.33 |
| Aug 17, 2022 | Onorio Kenneth P.officer: CFO/COO | Buy | 75 | $11.88 |
| Jun 15, 2022 | Majewski Thomas P.officer: Chief Executive Officer | Buy | 2,500 | $2416.00 |
| Mar 9, 2022 | Ottawa Avenue Private Capital, LLCdirector: | Sell | 362 | $14.02 |
| Feb 22, 2022 | Onorio Kenneth P.officer: CFO/COO | Buy | 125 | $14.10 |
| Feb 18, 2022 | OA Eagle Group Investors, LLC | Sell | 52,953 | $14.09 |
| Feb 16, 2022 | OA Eagle Group Investors, LLC | Sell | 271 | $14.00 |
| Feb 16, 2022 | OA Eagle Group Investors, LLC | Sell | 77,658 | $14.01 |
Source: ECC SEC Form 4 filings, latest Mar 18, 2026. For informational purposes only — not investment advice.
See the full ECC insider & 13F page →Eagle Point Credit Company Inc. company profile
Overview
Eagle Point Credit Company Inc. (NYSE:ECC) is a closed-end investment fund that specializes in investing in collateralized loan obligations (CLOs). Founded on March 24, 2014, and publicly traded since October 2014, the company is managed by Eagle Point Credit Management LLC. Eagle Point focuses exclusively on the CLO market, investing primarily in equity and junior debt tranches of CLOs that are backed by portfolios of below-investment-grade U.S. senior secured loans. The company operates as a business development company structure, allowing it to pass through income to shareholders while maintaining favorable tax treatment.
Business
Eagle Point Credit Company operates in the specialized asset management sector, focusing exclusively on collateralized loan obligations (CLOs). To understand what CLOs are, imagine them as investment vehicles that pool together hundreds of leveraged loans made to below-investment-grade companies, then slice this pool into different risk layers or "tranches." The safest layers (AAA-rated) get paid first but receive lower returns, while the riskiest layers (equity tranches) get paid last but can earn much higher returns if the underlying loans perform well. Eagle Point primarily invests in the CLO equity tranches, which are the highest-risk, highest-reward portions of these structures. These equity positions typically yield between 15-25% annually when performing well, but they're also the first to absorb losses if the underlying corporate loans default. The company also invests in CLO debt tranches (particularly BB-rated bonds), though it has been strategically rotating from debt to equity positions to enhance yields. The underlying assets in these CLOs are predominantly leveraged loans - floating-rate debt issued to companies that are typically rated below investment grade. These loans are made to finance corporate activities like acquisitions, refinancings, or growth initiatives. The floating-rate nature means the interest payments adjust with market rates, providing some protection against rising interest rate environments. Eagle Point's portfolio consists entirely of CLO investments, with no meaningful diversification into other asset classes. The company focuses on CLOs with longer reinvestment periods - the time during which CLO managers can actively trade the underlying loan portfolio to optimize performance. As of recent reports, their portfolio has a weighted average remaining reinvestment period of 3.4 years, significantly above the market average.
Revenue model
Eagle Point generates revenue primarily through dividend and interest income from its CLO investments, operating on an investment fund business model. The company receives quarterly cash distributions from its CLO equity positions, which typically range from 15-20% annual yields, and interest payments from its CLO debt holdings. These cash flows are then distributed to shareholders after covering operating expenses and management fees. The company's revenue is highly sensitive to several key factors. Credit performance of the underlying leveraged loan portfolios directly impacts cash flows - when corporate borrowers default at low rates (currently around 90 basis points versus historical averages of 270 basis points), CLO equity performs exceptionally well. Interest rate environments also matter significantly since most underlying loans are floating-rate, meaning rising rates can boost the income generated by CLO portfolios, though this can be offset by higher financing costs for borrowers. CLO market dynamics substantially influence Eagle Point's ability to deploy capital profitably. When CLO debt spreads tighten (AAA spreads currently around 146 basis points), it creates opportunities for refinancing and resetting existing CLOs, potentially extending reinvestment periods and improving economics. The company actively manages this through completing numerous reset transactions - 16 in 2024 alone. Eagle Point employs modest leverage to enhance returns, maintaining a target leverage ratio of 27.5% to 37.5% of total assets through fixed-rate, unsecured debt with no maturities before April 2028. This leverage amplifies both gains and losses from the underlying CLO investments. The company also generates capital through issuing preferred stock and common shares when trading above net asset value, allowing it to deploy more capital into attractive CLO opportunities. Management fees paid to Eagle Point Credit Management LLC represent the primary operating expense, though the company benefits from relatively low overhead costs given its focused investment strategy and externally managed structure.
Competitive moat
Eagle Point's competitive position rests on several factors, though its moat is relatively narrow given the specialized but accessible nature of CLO investing. The company's primary advantage lies in its specialized expertise and relationships within the CLO market. Through Eagle Point Credit Management LLC, the firm has developed deep knowledge of CLO structures, manager capabilities, and market dynamics that allows it to identify attractive investment opportunities and execute complex transactions like resets and refinancings. The company's scale and established market presence provides some advantages in deal sourcing and execution. With over $1.5 billion in assets, Eagle Point can participate in larger transactions and has built relationships with CLO managers and intermediaries that may provide access to attractive opportunities. Their track record of completing 16 CLO resets in 2024 demonstrates operational capabilities that smaller players might struggle to match. However, Eagle Point faces significant competitive pressures. The CLO equity market is accessible to other institutional investors, including insurance companies, pension funds, and other asset managers with sufficient scale and expertise. Barriers to entry are moderate - while CLO investing requires specialized knowledge, it doesn't require proprietary technology, unique regulatory licenses, or exclusive partnerships that would create sustainable competitive advantages. The company's focus on longer reinvestment period CLOs provides some differentiation, as this strategy requires patience and specific expertise to execute effectively. However, this approach also concentrates risk in a particular market segment and strategy. Potential disruption could come from several sources: larger asset managers developing internal CLO capabilities, changes in banking regulations affecting CLO issuance, or shifts in the leveraged loan market that reduce CLO attractiveness. Additionally, if credit conditions deteriorate significantly, the high-risk nature of CLO equity investments could lead to substantial losses that damage the company's reputation and ability to raise capital.
Risks & safety
Eagle Point presents a moderate margin of safety profile with both strengths and concerns: **Overall Assessment:** The company maintains reasonable financial stability but operates in an inherently volatile asset class with concentrated risk exposure. **Liquidity and Solvency:** - Cash position: $42.2 million as of Q4 2024 - No significant solvency risk given asset-liability structure - 100% fixed-rate financing with no maturities until April 2028 - Debt-to-equity ratio of 36%, within management's target range - Strong current ratio when applicable, though balance sheet structure makes traditional liquidity metrics less meaningful **Valuation Metrics:** - Price-to-book ratio: 0.94 (trading below net asset value) - Price-to-earnings ratio: 5.5 (appears attractive but earnings are volatile) - Current yield: Approximately 21% based on $1.92 annual distributions - Trading at discount to NAV provides some downside protection **Risk Considerations:** - High concentration risk in single asset class (CLO equity) - Earnings volatility inherent in credit-sensitive investments - Potential for significant losses during credit downturns - Leverage amplifies both gains and losses - Dependence on external manager for investment decisions
Recent development
Over the past few years, Eagle Point has executed several strategic initiatives to enhance its market position and optimize returns. The company has been actively rotating from CLO debt to CLO equity positions to capture higher yields, with new CLO equity purchases achieving weighted average effective yields of 17.8% in Q4 2024. This rotation strategy allows the company to take advantage of price appreciation in CLO debt positions while redeploying capital into higher-yielding equity tranches. A major focus has been extending portfolio reinvestment periods through an aggressive reset and refinancing program. Eagle Point completed 16 CLO resets in 2024 alone, extending their portfolio's weighted average remaining reinvestment period to 3.4 years - well above the market average. These transactions help optimize the economics of existing investments and provide CLO managers with more time to actively manage underlying loan portfolios. The company has diversified its capital raising strategies, launching non-traded convertible perpetual preferred stock offerings (Series AA and AB) that provide permanent capital at attractive rates. This innovation allows Eagle Point to access capital from investors seeking steady income while providing conversion features that could benefit from future stock appreciation. The company raised $20 million through these offerings in 2024. Eagle Point has also increased its target leverage ratio from a previous range of 25-35% to 27.5-37.5% of total assets, reflecting management's confidence in the current opportunity set and desire to enhance returns. This change, combined with the completion of a $111 million notes offering, provides additional capital for investment while maintaining the company's policy of 100% fixed-rate financing. The company has maintained an active at-the-market (ATM) equity program, issuing shares when trading at premiums to net asset value. This opportunistic capital raising allows Eagle Point to grow its asset base and deploy additional capital into attractive CLO opportunities when market conditions are favorable.
ECC company profile · for informational purposes only — not investment advice.
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