New insider activity at Eagle Point Credit Company ( (ECC) ) has taken place on March 22, 2025.
CEO Thomas P. Majewski has made a significant investment in Eagle Point Credit Company by purchasing 1,086 shares of the company’s stock, valued at $24,978.
Recent Updates on ECC stock
In the last 24 hours, Eagle Point Credit Company has seen a reduction in its price target by Keefe Bruyette, who lowered it due to expectations of continued active deployments and collateralized loan obligation (CLO) resets. Despite this, the company reported positive earnings with a significant total return for common stockholders and successful capital deployment. The earnings call highlighted a 14.7% total return for stockholders and an increase in recurring cash flows, indicating strong financial health. However, the company faced challenges with realized losses due to reclassification of older CLO equity positions and increased leverage slightly above their target range. The company maintains an optimistic outlook with plans to capitalize on strategic investments and a raised target leverage ratio, underscoring its robust market position.
More about Eagle Point Credit Company
YTD Price Performance: -9.09%
Average Trading Volume: 1,185,872
Technical Sentiment Consensus Rating: Hold
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