ECC NAV slips to $4.45–$4.55; shares trade at 17% discount after 36% annual loss
ECC is trading near its 52-week low of $3.46 (7.5% above the low).
Summary
Eagle Point Credit posted a June 30 NAV of $4.45–$4.55 per share, a slight dip from May, leaving the stock at a 17% discount. The 1-year total return of -36% underscores continued underperformance.
Key Events · Earnings and Guidance · ECC
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NAV Declines to $4.45–$4.55
The estimated NAV per share slipped from $4.55–$4.65 in May to $4.45–$4.55 as of June 30, 2026, extending a downward trend.
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Stock Trades at 17% Discount
At a closing price of $3.72, the shares sit 17.33% below the midpoint of estimated NAV, reflecting market unease over portfolio quality.
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Severe Underperformance
A 1-year total return of -36.43% and a YTD return of -25.62% significantly trail the S&P/LSTA Leveraged Loan Index (+4.29% 1-year) and the ICE BofA High Yield Index (+5.74% 1-year).
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Portfolio Composition
CLO equity remains the largest allocation at 58.1%, followed by infrastructure credit at 11.5%, portfolio debt securities at 9.8%, and regulatory capital relief at 9.2%.
Analysis · ECC · Unknown
As of June 30, 2026, Eagle Point Credit's estimated NAV per share declined to $4.45–$4.55, down from $4.55–$4.65 a month earlier. The stock closed at $3.72, a 17% discount to NAV, signaling deep investor skepticism. A 1-year total return of -36.43% and a year-to-date loss of 25.62% highlight severe underperformance relative to loan and high-yield benchmarks. CLO equity still dominates the portfolio at 58.1%, with underlying loan collateral averaging a B+/B rating. While the discount may tempt value buyers, persistent NAV erosion and negative returns point to ongoing stress in the credit portfolio.
At the time of this filing, ECC was trading at $3.72 on NYSE in the Unknown sector, with a market capitalization of approximately $489.2M. The 52-week trading range was $3.46 to $7.77. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.