Eagle Point Income Company Inc.
- Open
- 9.99
- Day high
- 10.03
- Day low
- 9.90
- Prev close
- 10.03
- Volume
- 217K
- Mkt cap
- $234M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 0.8
- P/S
- 7.3
- Yield
- 14.00%
- Per share
- $1.40
Eagle Point Income Company Inc. (EIC) is a Financial Services company listed on NYSE. The stock is down 28% over the past year. Drillr has 1 published research article covering EIC.
Eagle Point Income Company Inc. (EIC) 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.
EIC earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 13, 2026 | $0.33 | $0.85 | +157.6% | $-3M | -125.6% |
| May 19, 2026 | $0.33 | $0.40 | +21.2% | — | — |
| May 28, 2025 | $0.45 | $0.40 | -11.1% | $14M | +3.8% |
| Feb 20, 2025 | $0.49 | $0.46 | -6.1% | $15M | +12.2% |
| Nov 14, 2024 | $0.50 | $0.50 | +0.0% | — | — |
| May 21, 2024 | — | $0.56 | — | $9M | — |
| Feb 22, 2024 | — | $0.54 | — | $9M | — |
| Nov 14, 2023 | — | $0.38 | — | $7M | — |
| Aug 15, 2023 | — | $0.49 | — | $6M | — |
| May 23, 2023 | — | $0.49 | — | $6M | — |
| Feb 22, 2023 | — | $0.49 | — | $6M | — |
| Nov 15, 2022 | — | $0.40 | — | $5M | — |
EIC insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Nov 20, 2025 | KORNELSEN VERN Ddirector | Grant | 10,000 | $0.25 |
| Oct 20, 2022 | Majewski Thomas P.officer: Chairman/CEO | Buy | 1,000 | $21.92 |
| Jun 15, 2022 | Majewski Thomas P.officer: Chairman/CEO | Buy | 100 | $23.17 |
| Nov 18, 2021 | Majewski Thomas P.director, officer: Chairman/CEO | Buy | 2,000 | $18.00 |
| Sep 17, 2021 | Majewski Thomas P.director, officer: Chairman/CEO | Buy | 950 | $16.95 |
| Sep 17, 2021 | Majewski Thomas P.director, officer: Chairman/CEO | Buy | 50 | $16.95 |
| Sep 15, 2021 | Majewski Thomas P.director, officer: Chairman/CEO | Buy | 3,000 | $17.08 |
| Apr 22, 2020 | Malik Nauman S.officer: CCO | Buy | 1,250 | $9.27 |
| Apr 22, 2020 | Onorio Kenneth P.officer: CFO/COO | Buy | 500 | $9.15 |
| Apr 17, 2020 | Majewski Thomas P.director, officer: Chairman and CEO | Buy | 1,000 | $10.40 |
| Jul 25, 2019 | Majewski Thomas P.director, officer: CEO | Buy | 10,100 | $19.89 |
| Jul 25, 2019 | Weiss Jeffrey L.director | Buy | 2,765 | $19.89 |
| Jul 25, 2019 | Ko Daniel W. | Buy | 5,275 | $19.89 |
| Jul 25, 2019 | Tramontano Paul E.director | Buy | 3,770 | $19.89 |
| Jul 25, 2019 | EPCM Holdings LLC | Buy | 20,110 | $19.89 |
Source: EIC SEC Form 4 filings, latest Nov 20, 2025. For informational purposes only — not investment advice.
See the full EIC insider & 13F page →Eagle Point Income Company Inc. company profile
Overview
Eagle Point Income Company Inc. (NYSE:EIC) is a closed-end investment company founded in 2019 that specializes in investing in collateralized loan obligation (CLO) securities. The company went public on July 24, 2019, and operates as an externally managed investment fund focused on generating high current income through investments in CLO debt and equity securities. Eagle Point Income Company is managed by Eagle Point Income Management LLC and targets institutional, high-net-worth, and retail investors seeking exposure to the CLO market through a publicly traded vehicle.
Business
Eagle Point Income Company operates in the specialized asset management sector, focusing exclusively on Collateralized Loan Obligation (CLO) investments. To understand what the company does, it's essential to first understand what CLOs are and how they function in the financial markets. A CLO is a type of structured credit product that pools together leveraged loans - typically loans made to companies with below-investment-grade credit ratings. These loans are packaged into a special purpose vehicle and then divided into different tranches or layers, each with varying levels of risk and return. The tranches range from senior AAA-rated debt (safest) to junior debt (BB-rated) to equity (riskiest but highest potential return). Eagle Point Income Company primarily invests in two specific segments of the CLO market: CLO Junior Debt (BB-rated securities): These represent approximately 65-70% of the company's portfolio strategy. CLO BB debt sits just above the equity tranche and offers higher yields than senior tranches while maintaining structural protection through subordination. These securities are floating-rate, meaning their interest payments adjust with prevailing interest rates, providing protection against rising rate environments. CLO Equity: The company targets up to 30-35% allocation to CLO equity positions, which represent the most junior tranche of the CLO structure. CLO equity receives residual cash flows after all debt obligations are met and can provide significant upside potential when the underlying loan portfolio performs well, but also bears the first loss risk. The company also selectively invests in Collateralized Fund Obligations (CFOs), which are similar structures but backed by hedge fund investments rather than leveraged loans. However, this represents a minimal portion of the portfolio. Eagle Point Income Company's investment strategy focuses on generating high current income through these floating-rate securities, which have historically provided yields in the double digits. The company benefits from the structural protections built into CLO securities, including overcollateralization tests and coverage ratios that help protect junior investors from losses.
Revenue model
Eagle Point Income Company generates revenue primarily through investment income from its CLO securities portfolio. The company's business model is straightforward: it raises capital from investors through common stock offerings, preferred stock issuances, and debt facilities, then deploys this capital into CLO debt and equity investments that generate regular cash flows. The company's revenue streams include: Interest Income: The majority of revenue comes from interest payments on CLO BB debt securities, which are floating-rate instruments. As interest rates rise, the company benefits from higher coupon payments. Recent quarters have shown CLO BB coupons reaching double-digit yields, with some positions potentially yielding over 20% in high-rate environments. Dividend Income: CLO equity positions generate dividend payments based on the residual cash flows after all debt service obligations are met. These payments can be substantial when the underlying loan portfolios perform well but are more volatile than debt interest payments. Capital Appreciation: The company also generates returns through capital gains when CLO securities appreciate in value or when positions are sold at premiums to purchase price. The company's paying customers are primarily retail and institutional investors who purchase shares of Eagle Point Income Company to gain exposure to the CLO market. The company trades as a closed-end fund, meaning investors buy and sell shares on the secondary market rather than directly with the fund. Several factors influence the company's profitability and margins: Interest Rate Environment: Rising interest rates generally benefit the company since most CLO investments are floating-rate. Higher base rates translate directly to higher coupon payments. Conversely, falling rates reduce income. Credit Quality and Default Rates: The performance of underlying leveraged loans directly impacts CLO cash flows. Lower default rates in the leveraged loan market (currently around 0.9% versus historical averages of 2.6%) enhance returns, while rising defaults can impair income and principal. CLO Market Dynamics: New CLO issuance volumes, refinancing activity, and spread compression or widening affect both investment opportunities and portfolio valuations. Record issuance of $202 billion in 2024 provided ample investment opportunities. Leverage and Funding Costs: The company uses leverage (currently around 32% of assets) to enhance returns. Changes in borrowing costs directly impact net margins. The company has been able to reduce debt costs through refinancing activities. Market Liquidity: CLO securities can experience periods of reduced liquidity, affecting the company's ability to deploy capital efficiently and potentially impacting valuations during market stress.
Competitive moat
Eagle Point Income Company operates in a specialized niche that provides some competitive advantages, though its moat is relatively narrow compared to companies with stronger structural protections. The company's primary competitive advantages include: Specialized Expertise: The CLO market requires significant technical knowledge and relationships to navigate effectively. Eagle Point's management team has deep experience in CLO analysis, manager selection, and market timing. This expertise creates barriers for generalist investors seeking CLO exposure. Scale and Access: With over $450 million in assets, Eagle Point has sufficient scale to access institutional-quality CLO investments and negotiate favorable terms. Smaller investors typically cannot access these markets directly or achieve similar diversification. Market Inefficiencies: The CLO market, particularly for BB debt and equity tranches, can exhibit pricing inefficiencies that skilled managers can exploit. The complexity of these instruments creates opportunities for informed investors. However, the company's moat faces several limitations: Limited Differentiation: While CLO expertise is valuable, other asset managers and funds also focus on this market. The company competes with larger players like Ares Capital, Apollo, and other credit-focused investment managers. Market Dependent Returns: The company's performance is heavily dependent on broader credit market conditions and interest rate environments. During periods of credit stress or falling rates, even skilled management may struggle to generate attractive returns. Regulatory and Structural Risks: Changes in banking regulations, CLO market structure, or accounting rules could impact the entire sector. The company has limited ability to influence these external factors. Concentration Risk: The company's singular focus on CLOs, while providing expertise, also creates concentration risk. Unlike diversified asset managers, Eagle Point cannot pivot to other strategies if CLO markets become challenging. The company's competitive position is moderately strong within its niche but vulnerable to broader market disruptions and increased competition from larger, more diversified players entering the CLO space.
Risks & safety
Eagle Point Income Company presents a moderate margin of safety profile with some strengths offset by structural vulnerabilities typical of leveraged investment vehicles. Liquidity and Solvency: • Cash position: $8.1 million as of Q4 2024, relatively low for operational flexibility • Total debt-to-equity ratio: 43% (within management's 25-35% target range for leverage) • No immediate solvency concerns given asset coverage and cash flow generation • Access to revolving credit facilities provides additional liquidity buffer Valuation Metrics: • Price-to-earnings ratio: 4.9x (attractive for income-focused investment vehicle) • Price-to-book ratio: 0.93x (trading at slight discount to net asset value) • Current trading price of $15.54 versus NAV of $14.99 represents modest premium • Dividend yield: approximately 15.4% based on $2.40 annual distribution Operating Performance: • Strong cash flow generation: $8.6 million from operations in Q4 2024 • Consistent distribution coverage through recurring cash flows • Return on equity: 21% for 2024, indicating efficient capital utilization • Low portfolio default exposure: 0.4% versus market rate of 0.9% Risk Considerations: • High dependence on interest rate environment and credit market conditions • Leverage amplifies both returns and potential losses • Limited diversification outside CLO market creates concentration risk • Closed-end fund structure can lead to persistent NAV discounts/premiums
Recent development
Over the past several years, Eagle Point Income Company has executed a focused strategy of portfolio expansion and capital optimization while maintaining its specialized CLO investment approach. Capital Raising and Balance Sheet Strengthening: The company has been active in raising capital through multiple channels, including at-the-market (ATM) common stock programs and preferred stock offerings. In 2024, the company issued Series C term preferred stock raising $33.6 million, and continuously issued common shares through ATM programs when trading at premiums to NAV. This capital raising activity has enabled significant portfolio growth from approximately $150 million in assets in 2022 to over $450 million by end of 2024. Portfolio Deployment and Yield Optimization: The company has consistently deployed capital into new CLO investments, with particularly strong activity in 2024 when it deployed approximately $91 million in Q4 alone. Management has maintained discipline in targeting double-digit effective yields, with recent investments averaging 11-12% yields. The company has also been active in CLO refinancing and reset activities, completing multiple transactions that reduced debt costs and extended reinvestment periods. Distribution Growth Strategy: Eagle Point has steadily increased its monthly distributions, raising them by 11% in early 2024 to $0.20 per share monthly ($2.40 annually). This represents a doubling of distributions since Q1 2021, reflecting the company's growing cash flow generation and confidence in its investment strategy. Strategic Positioning for Rate Environment: The company has positioned itself to benefit from the elevated interest rate environment through its focus on floating-rate CLO securities. Management has emphasized that 100% of CLO debt investments are floating-rate, providing natural protection against rate changes and generating higher income as rates rose. Market Expansion Considerations: While maintaining its core CLO focus, the company has selectively explored adjacent markets like Collateralized Fund Obligations (CFOs), though this remains a minimal allocation. Management has indicated potential to increase CLO equity allocation up to 30-35% of the portfolio while maintaining at least 65% in CLO debt securities.
EIC company profile · for informational purposes only — not investment advice.
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