ECC Stock Summary and Trading Ideas (Eagle Point Credit Company | NYSE:ECC)

The Company’s primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation. The Company seeks to achieve its investment objectives by investing primarily in equity and junior debt tranches of collateralized loan obligations, or “CLOs,” which are collateralized by a diverse portfolio consisting primarily of below investment grade U.S. senior secured loans. The CLO securities in which the Company will primarily seek to invest are unrated or rated below investment grade and are considered speculative with respect to timely payment of interest and repayment of principal. The Company may also invest in other securities and instruments related to these investments or that the Adviser believes are consistent with the Company’s investment objectives, including, among other investments, senior debt tranches of CLOs and loan accumulation facilities. In connection with the acquisition of newly issued CLO equity, the Company may from time to time receive fee rebates from the CLO issuer. The Company’s interests in fee rebates may be held in the name of Eagle Point Credit Company Sub LLC, a wholly-owned subsidiary of the Company.

Eagle Point Credit Company trades on the NYSE stock market under the symbol ECC.

As of April 15, 2024, ECC stock price declined to $9.94 with 829,211 million shares trading.

ECC has a beta of 0.69, meaning it tends to be less sensitive to market movements. ECC has a correlation of 0.16 to the broad based SPY ETF.

ECC has a market cap of $782.80 million. This is considered a Small Cap stock.

In the last 3 years, ECC stock traded as high as $15.54 and as low as $8.60.

ECC has underperformed the market in the last year with a return of +7.0%, while the SPY ETF gained +25.3%. In the last 3 month period, ECC fell short of the market, returning +5.5%, while SPY returned +6.2%. However, in the most recent 2 weeks ECC has outperformed the stock market by returning -0.1%, while SPY returned -3.6%.

ECC support price is $9.94 and resistance is $10.06 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ECC stock will trade within this expected range on the day.