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Eagle Point Credit Co Inc. (NYSE:ECC), a Connecticut-based investment company, disclosed its management’s unaudited estimate of the net asset value (NAV) per share of its common stock as of February 28, 2025. According to the recent SEC filing, the estimated NAV per share is between $7.97 and $8.07.
The announcement was made public today, aligning with the company’s commitment to providing shareholders with timely financial information. Eagle Point Credit’s estimated NAV is a key metric that investors use to gauge the company’s performance relative to its stock price. It represents the value per share of a company’s total assets minus its liabilities. According to InvestingPro, the company maintains strong financial health with a current ratio of 1.71, indicating its ability to meet short-term obligations.
Eagle Point Credit, incorporated in Delaware and headquartered in Greenwich, CT, primarily focuses on investment strategies in various fixed-income markets. The company’s shares, along with several series of preferred stock and notes, are traded on the New York Stock Exchange. Notably, the company offers an impressive dividend yield of 20.88% and has maintained dividend payments for 12 consecutive years, demonstrating strong commitment to shareholder returns. Get more insights about ECC’s dividend sustainability and growth potential with a InvestingPro subscription.
The company’s filing did not include additional details on the factors contributing to the estimated NAV range. It’s important for investors to consider that the estimated NAV is subject to change and may not reflect the actual NAV when audited financial statements are released. Recent financial data shows the company achieved impressive revenue growth of 29.26% in the last twelve months, with a P/E ratio of 10.79.
This information is based on a press release statement and provides a snapshot of the company’s financial position at the end of February. Investors often look to NAV as a benchmark for the underlying value of an investment company’s shares, especially in relation to its current trading price.
Eagle Point Credit’s management has not provided any forward-looking statements or guidance regarding future performance in the filing. Shareholders and potential investors are encouraged to review the company’s full financial disclosures when they become available for a comprehensive understanding of its financial health and strategic direction.
In other recent news, Eagle Point Credit Co Inc. reported its estimated net asset value (NAV) per share as of January 31, 2025, ranging between $8.28 and $8.38. The company also declared monthly distributions of $0.14 per share for April, May, and June 2025. In its quarterly earnings disclosure, Eagle Point Credit estimated its net investment income for the quarter ending December 31, 2024, to be between $0.23 and $0.27 per share, with realized losses estimated between $0.14 and $0.10 per share.
Keefe, Bruyette & Woods (KBW) adjusted its outlook on Eagle Point Credit, reducing the price target from $9.50 to $9.00 while maintaining a Market Perform rating, following a slight miss in net investment income due to decreased collateralized loan obligation (CLO) income. Despite this, the company’s cash flows were strong enough to cover its dividend by 188% in the fourth quarter. Eagle Point Credit completed 16 CLO resets in the same period, showing active engagement in this investment area. The NAV exhibited a modest decrease of 0.7% in the fourth quarter, with a more significant decline of 9.0% over the course of 2024. The company’s leverage ratios increased, with a current debt-to-assets level slightly exceeding its target.
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