Summary
16.42 0.23(1.42%)10/04/2024
Eagle Point Income Company Inc (EIC)
Eagle Point Income Company Inc (EIC)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| 1.42 | 3.47 | 4.85 | 2.24 | 1.42 | 16.95 | -16.76 | -16.18 |
Last 730 data points are shown. To view all data, Upgrade to PRO plan with only $1
| Trading Data | ||
| Close | 16.42 | |
| Open | 16.22 | |
| High | 16.44 | |
| Low | 16.21 | |
| Volume | 160,974 | |
| Change | 0.23 | |
| Change % | 1.42 | |
| Avg Volume (20 Days) | 152,699 | |
| Volume/Avg Volume (20 Days) Ratio | 1.05 | |
| 52 Week Range | 13.55 - 16.75 | |
| Price vs 52 Week High | -1.97% | |
| Price vs 52 Week Low | 21.18% | |
| Range | 1.23 | |
| Gap Up/Down | 0.00 | |
Fundamentals | ||
| Market Capitalization (Mln) | 206 | |
| EBIDTA | 0 | |
| PE Ratio | 4.1756 | |
| PEG Ratio | 0.0000 | |
| WallStreet Target Price | 0.00 | |
| Book Value | 17.6910 | |
| Earnings Per Share | 4.0210 | |
| EPS Estimate Current Quarter | 0.0000 | |
| EPS Estimate Next Quarter | 0.0000 | |
| EPS Estimate Current Year | 0.0000 | |
| EPS Estimate Next Year | 0.0000 | |
| Diluted EPS (TTM) | 4.0210 | |
| Revenues | ||
| Profit Marging | 2.3059 | |
| Operating Marging (TTM) | 0.7053 | |
| Return on asset (TTM) | 0.0385 | |
| Return on equity (TTM) | 0.2481 | |
| Revenue TTM | 10,727,642 | |
| Revenue per share TTM | 1.7440 | |
| Quarterly Revenue Growth (YOY) | 0.2000 | |
| Quarterly Earnings Growth (YOY) | -0.4850 | |
| Gross Profit (TTM) | 11,276,290 | |
| Dividends | ||
| Dividend Share | 1.0050 | |
| Dividend Yield | 0.0583 | |
| Valuations | ||
| Trailing PE | 4.1756 | |
| Forward PE | 0.0000 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 0.0000 | |
| Revenue Enterprise Value | 0.0000 | |
| EBITDA Enterprise Value | 0.0000 | |
| Shares | ||
| Shares Outstanding | 0 | |
| Shares Float | 0 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.00 | |
| Insider (%) | 61.11 | |
| Institutions (%) | 4.00 | |
09/27 08:00 EST - seekingalpha.com
EICC: Compared To Other 2029 Choices, I Have Downgraded My Rating To Sell
I am downgrading Eagle Point Income Company Inc. NT 29, trading under EICC, from Buy to Sell due to poor yield comparisons and coverage ratio. EICC's primary investment objective is high current income, investing mainly in junior debt tranches of CLOs, with a secondary focus on capital appreciation. Compared to other 2029 maturing issues, EICC offers the least yield and coverage, with RWTO providing the best yield-to-call and coverage.
EICC: Compared To Other 2029 Choices, I Have Downgraded My Rating To Sell
I am downgrading Eagle Point Income Company Inc. NT 29, trading under EICC, from Buy to Sell due to poor yield comparisons and coverage ratio. EICC's primary investment objective is high current income, investing mainly in junior debt tranches of CLOs, with a secondary focus on capital appreciation. Compared to other 2029 maturing issues, EICC offers the least yield and coverage, with RWTO providing the best yield-to-call and coverage.
09/15 10:40 EST - seekingalpha.com
Eagle Point Income: 15% Yield On Common Stock, 8% On Preferred Stock
Eagle Point Income's strong balance sheet ensures the preferred equity is well covered, with a healthy 311% asset coverage ratio at the end of June. The focus is on preferred shares, particularly EICA, with plans to add EICC for longer duration. The common stock yields 15.4%, but dividend payments may stagnate or decrease as market interest rates drop.
Eagle Point Income: 15% Yield On Common Stock, 8% On Preferred Stock
Eagle Point Income's strong balance sheet ensures the preferred equity is well covered, with a healthy 311% asset coverage ratio at the end of June. The focus is on preferred shares, particularly EICA, with plans to add EICC for longer duration. The common stock yields 15.4%, but dividend payments may stagnate or decrease as market interest rates drop.
08/06 15:40 EST - seekingalpha.com
Eagle Point Income Co Inc (EIC) Q2 2024 Earnings Call Transcript
Eagle Point Income Co Inc (NYSE:EIC ) Q2 2024 Earnings Conference Call August 6, 2024 11:30 AM ET Company Participants Peter Sceusa – ICR Tom Majewski – Chairman and Chief Executive Officer Dan Ko – Senior Principal and Portfolio Manager Lena Umnova – Chief Accounting Officer Conference Call Participants Operator Greetings, and welcome to the Eagle Point Income Company's Second Quarter 2024 Financial Results Conference. At this time all participants are in a listen-only mode.
Eagle Point Income Co Inc (EIC) Q2 2024 Earnings Call Transcript
Eagle Point Income Co Inc (NYSE:EIC ) Q2 2024 Earnings Conference Call August 6, 2024 11:30 AM ET Company Participants Peter Sceusa – ICR Tom Majewski – Chairman and Chief Executive Officer Dan Ko – Senior Principal and Portfolio Manager Lena Umnova – Chief Accounting Officer Conference Call Participants Operator Greetings, and welcome to the Eagle Point Income Company's Second Quarter 2024 Financial Results Conference. At this time all participants are in a listen-only mode.
07/25 10:11 EST - seekingalpha.com
Eagle Point Income: May Benefit From Interest Rate Cuts
Eagle Point Income operates as a closed end management company with a focus on CLO debt investments. EIC focuses on BB-rated CLO debt investments made on a floating rate basis. This floating rate focus helps generate higher earnings with higher interest rates. The dividend distribution is well-covered by net investment income and recurring cash distributions, making EIC a sustainable income investment.
Eagle Point Income: May Benefit From Interest Rate Cuts
Eagle Point Income operates as a closed end management company with a focus on CLO debt investments. EIC focuses on BB-rated CLO debt investments made on a floating rate basis. This floating rate focus helps generate higher earnings with higher interest rates. The dividend distribution is well-covered by net investment income and recurring cash distributions, making EIC a sustainable income investment.
07/14 01:35 EST - seekingalpha.com
5 Closed-End Fund Buys (And 2 Sells) In The Month Of June 2024
June was another month where we saw broader equities hitting new all-time highs. However, that participation was rather narrow as the mega-cap tech names led the way higher. This last month, I added to or initiated positions in five different closed-end fund names; I sold out of two positions this month.
5 Closed-End Fund Buys (And 2 Sells) In The Month Of June 2024
June was another month where we saw broader equities hitting new all-time highs. However, that participation was rather narrow as the mega-cap tech names led the way higher. This last month, I added to or initiated positions in five different closed-end fund names; I sold out of two positions this month.
07/11 08:49 EST - seekingalpha.com
Our Latest Picks In The 8-9%-Yielding CLO Equity Senior Security Sector
The CLO equity senior security sector is easy to overlook, but it has a number of attractive features such as high yields, strong asset coverage levels and mandatory maturities. We review the sector, the most common pitfalls and discuss a couple of head-to-head comparisons. Finally, we provide a detailed risk/reward summary and highlight our picks.
Our Latest Picks In The 8-9%-Yielding CLO Equity Senior Security Sector
The CLO equity senior security sector is easy to overlook, but it has a number of attractive features such as high yields, strong asset coverage levels and mandatory maturities. We review the sector, the most common pitfalls and discuss a couple of head-to-head comparisons. Finally, we provide a detailed risk/reward summary and highlight our picks.
07/09 07:37 EST - seekingalpha.com
Eagle Point Income: Where This High-Yield CLO Fund Fits In The Risk Stack
Eagle Point Credit Management manages two CLO-focused CEFs, with Eagle Point Income Company offering a nearly 15% yield. Closed-end funds offer high yields through various strategies, including collateralized loan obligations, or CLOs. EIC invests in lower-rated debt tranches of CLOs, providing high yields and growing dividends, outperforming its larger sister fund, ECC.
Eagle Point Income: Where This High-Yield CLO Fund Fits In The Risk Stack
Eagle Point Credit Management manages two CLO-focused CEFs, with Eagle Point Income Company offering a nearly 15% yield. Closed-end funds offer high yields through various strategies, including collateralized loan obligations, or CLOs. EIC invests in lower-rated debt tranches of CLOs, providing high yields and growing dividends, outperforming its larger sister fund, ECC.
06/28 10:20 EST - seekingalpha.com
CLO Closed-End Funds: Baby Bonds And Preferred Offering Steady Income
Collateralized loan obligation closed-end fund preferreds and baby bonds can offer relatively secure sources of income generation for investors. These offerings are subject to stricter regulations under the 1940 Act, limiting leverage and that can provide more security to these instruments. New offerings since our last update include EICC and CCIA, which naturally came with higher issued yields thanks to the higher rate environment.
CLO Closed-End Funds: Baby Bonds And Preferred Offering Steady Income
Collateralized loan obligation closed-end fund preferreds and baby bonds can offer relatively secure sources of income generation for investors. These offerings are subject to stricter regulations under the 1940 Act, limiting leverage and that can provide more security to these instruments. New offerings since our last update include EICC and CCIA, which naturally came with higher issued yields thanks to the higher rate environment.
05/21 13:55 EST - seekingalpha.com
Eagle Point Income Company Inc. (EIC) Q1 2024 Earnings Call Transcript
Eagle Point Income Company Inc. (NYSE:EIC ) Q1 2024 Earnings Conference Call May 21, 2024 11:30 AM ET Company Participants Peter Sceusa - IR Tom Majewski - Chairperson & CEO Dan Ko - Senior Principal Lena Umnova - Chief Accounting Officer Conference Call Participants Operator Greetings. Welcome to the Eagle Point Income Company First Quarter 2024 Financial Results Call.
Eagle Point Income Company Inc. (EIC) Q1 2024 Earnings Call Transcript
Eagle Point Income Company Inc. (NYSE:EIC ) Q1 2024 Earnings Conference Call May 21, 2024 11:30 AM ET Company Participants Peter Sceusa - IR Tom Majewski - Chairperson & CEO Dan Ko - Senior Principal Lena Umnova - Chief Accounting Officer Conference Call Participants Operator Greetings. Welcome to the Eagle Point Income Company First Quarter 2024 Financial Results Call.
05/21 08:00 EST - businesswire.com
Eagle Point Income Company Inc. Announces First Quarter 2024 Financial Results; Awarded “Best Public Closed-End CLO Fund” by Creditflux
GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today announced financial results for the quarter ended March 31, 2024 and certain additional activity through April 30, 2024. “It was another excellent quarter for Eagle Point Income Company, as the portfolio continued to generate strong cash flows and income for our shareholders,” said Thomas P. Majewski, Chairman and Chief Executive Officer. “For the quarter, we generated net inve.
Eagle Point Income Company Inc. Announces First Quarter 2024 Financial Results; Awarded “Best Public Closed-End CLO Fund” by Creditflux
GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today announced financial results for the quarter ended March 31, 2024 and certain additional activity through April 30, 2024. “It was another excellent quarter for Eagle Point Income Company, as the portfolio continued to generate strong cash flows and income for our shareholders,” said Thomas P. Majewski, Chairman and Chief Executive Officer. “For the quarter, we generated net inve.
05/15 16:15 EST - businesswire.com
Eagle Point Income Company Inc. Announces Third Quarter 2024 Common and Preferred Distributions
GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today is pleased to announce the declaration of distributions on shares of the Company's common stock. For the third quarter of 2024, the Company is declaring three separate monthly distributions of $0.20 per share on its common stock. The distributions are payable based on the following schedule: Record Date Payable Date Amount per common share July 11, 2024 July 31, 2024 $0.20 Augu.
Eagle Point Income Company Inc. Announces Third Quarter 2024 Common and Preferred Distributions
GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today is pleased to announce the declaration of distributions on shares of the Company's common stock. For the third quarter of 2024, the Company is declaring three separate monthly distributions of $0.20 per share on its common stock. The distributions are payable based on the following schedule: Record Date Payable Date Amount per common share July 11, 2024 July 31, 2024 $0.20 Augu.
05/08 09:00 EST - seekingalpha.com
Eagle Point Income Issues 3rd Term Preferred Stock
Eagle Point Income Issues 3rd Term Preferred Stock
Eagle Point Income Issues 3rd Term Preferred Stock
Eagle Point Income Issues 3rd Term Preferred Stock
05/07 16:15 EST - businesswire.com
Eagle Point Income Company Inc. Schedules Release of First Quarter 2024 Financial Results on Tuesday, May 21, 2024
GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today announced that it plans to report financial results for the quarter ended March 31, 2024 on Tuesday, May 21, 2024. The Company will discuss its financial results on a conference call on that day at 11:30 a.m. (Eastern Time). Thomas P. Majewski, Chairman and Chief Executive Officer, will host the call along with Lena Umnova, the Investment Adviser's Chief Accounting Officer, and.
Eagle Point Income Company Inc. Schedules Release of First Quarter 2024 Financial Results on Tuesday, May 21, 2024
GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB, EICC) today announced that it plans to report financial results for the quarter ended March 31, 2024 on Tuesday, May 21, 2024. The Company will discuss its financial results on a conference call on that day at 11:30 a.m. (Eastern Time). Thomas P. Majewski, Chairman and Chief Executive Officer, will host the call along with Lena Umnova, the Investment Adviser's Chief Accounting Officer, and.
05/03 08:16 EST - seekingalpha.com
EICC: New Preferred Equity From This CEF
Eagle Point Income Company Inc. is a fixed income CEF that invests in CLO debt and equity. EICC has issued a new series of preferred stock, the Series C 8% Preferred Stock due 2029. The preferred stock has a mandatory redemption date of April 30, 2029, and is currently trading close to par with an 8% current yield.
EICC: New Preferred Equity From This CEF
Eagle Point Income Company Inc. is a fixed income CEF that invests in CLO debt and equity. EICC has issued a new series of preferred stock, the Series C 8% Preferred Stock due 2029. The preferred stock has a mandatory redemption date of April 30, 2029, and is currently trading close to par with an 8% current yield.
04/22 17:34 EST - seekingalpha.com
Eagle Point Income: A Less Risky CLO Alternative To ECC
Eagle Point Income offers a high monthly distribution with a yield of 15.4%. EIC has outperformed the S&P 500 in terms of total return, thanks to its high cash flow and distributions. The price of EIC currently trades below its average premium to NAV, indicating a potential opportunity for entry.
Eagle Point Income: A Less Risky CLO Alternative To ECC
Eagle Point Income offers a high monthly distribution with a yield of 15.4%. EIC has outperformed the S&P 500 in terms of total return, thanks to its high cash flow and distributions. The price of EIC currently trades below its average premium to NAV, indicating a potential opportunity for entry.
04/13 08:00 EST - seekingalpha.com
CEF Weekly Review: Some Funds Are Locking In High Leverage Costs
We review CEF market valuation and performance through the first week of April and highlight recent market action. CEFs had an off week as stocks and Treasuries fell, but March was the best month of the year so far. CLO CEFs are locking in relatively high leverage costs, which will push their net income levels lower over the next couple of years as the Fed cuts rates.
CEF Weekly Review: Some Funds Are Locking In High Leverage Costs
We review CEF market valuation and performance through the first week of April and highlight recent market action. CEFs had an off week as stocks and Treasuries fell, but March was the best month of the year so far. CLO CEFs are locking in relatively high leverage costs, which will push their net income levels lower over the next couple of years as the Fed cuts rates.
04/07 02:24 EST - seekingalpha.com
Preferreds Weekly Review: New Issuance Is Cheap To Existing
We take a look at the action in preferreds and baby bonds through the last week of March and highlight some of the key themes we are watching. Preferreds underperformed this week, primarily due to REITs, but the broader space still had a positive total return over March. New issuance tends to come in at higher yields to existing, providing an attractive opportunity for investors.
Preferreds Weekly Review: New Issuance Is Cheap To Existing
We take a look at the action in preferreds and baby bonds through the last week of March and highlight some of the key themes we are watching. Preferreds underperformed this week, primarily due to REITs, but the broader space still had a positive total return over March. New issuance tends to come in at higher yields to existing, providing an attractive opportunity for investors.
03/27 19:10 EST - businesswire.com
Eagle Point Income Company Inc. Prices Offering of Preferred Stock
GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB) today announced that it has priced an underwritten public offering of 1,220,000 shares of its 8.00% Series C Term Preferred Stock due 2029 (the “Preferred Stock”) at a public offering price of $25 per share, which will result in net proceeds to the Company of approximately $29.3 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the C.
Eagle Point Income Company Inc. Prices Offering of Preferred Stock
GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB) today announced that it has priced an underwritten public offering of 1,220,000 shares of its 8.00% Series C Term Preferred Stock due 2029 (the “Preferred Stock”) at a public offering price of $25 per share, which will result in net proceeds to the Company of approximately $29.3 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the C.
03/26 16:15 EST - businesswire.com
Eagle Point Income Company Inc. Announces Offering of Preferred Stock
GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB) today announced that it has commenced an underwritten public offering of its Series C Term Preferred Stock (the “Preferred Stock”). The public offering price and other terms of the Preferred Stock are to be determined by negotiations between the Company and the underwriters. The Preferred Stock is rated ‘BBB' by Egan-Jones Ratings Company, an independent rating agency. In addition, the Com.
Eagle Point Income Company Inc. Announces Offering of Preferred Stock
GREENWICH, Conn.--(BUSINESS WIRE)---- $EIC--Eagle Point Income Company Inc. (the “Company”) (NYSE: EIC, EICA, EICB) today announced that it has commenced an underwritten public offering of its Series C Term Preferred Stock (the “Preferred Stock”). The public offering price and other terms of the Preferred Stock are to be determined by negotiations between the Company and the underwriters. The Preferred Stock is rated ‘BBB' by Egan-Jones Ratings Company, an independent rating agency. In addition, the Com.
03/23 11:40 EST - seekingalpha.com
Eagle Point Income: Common Shares Yield 15%, 7.5% Yield On Preferred Shares
Eagle Point Income reported strong Q4 results with net investment income of $5.55M. The company issued new shares, reducing concerns about the asset coverage ratio for the term preferred shares. The 2026 term preferred shares offer a pro forma yield to maturity of approximately 7.5-7.6%, making them an appealing investment.
Eagle Point Income: Common Shares Yield 15%, 7.5% Yield On Preferred Shares
Eagle Point Income reported strong Q4 results with net investment income of $5.55M. The company issued new shares, reducing concerns about the asset coverage ratio for the term preferred shares. The 2026 term preferred shares offer a pro forma yield to maturity of approximately 7.5-7.6%, making them an appealing investment.