Kevin McDonald - Eagle Point Independent Director
Director
Mr. Kevin F. McDonald is an Independent Director of Eagle Point Credit Company Inc. Mr. McDonald has served as Director of Business Development of Folger Hill Asset Management, LP since December 2014. Mr. McDonald was a Principal of Taylor Investment Advisors, LP, which he cofounded, from 2002 to March 2017, and served as the Chief Executive Officer from 2006 to December 2014. Previously, Mr. McDonald was a Director at Larch Lane Advisors LLC, an alternative asset management firm specializing in multimanager hedge fund portfolios, from 1999 to 2001. Mr. McDonald was a Vice President in the futures and options group at JP Morgan Securities from 1994 to 1999 and served as an Assistant Treasurer and proprietary fixedincome trader at BSI Bank from 1991 to 1994. Mr. McDonald began his career at Chemical Bank in 1989 where he was a credit analyst in the corporate finance group since 2014.
| Age | 50 |
| Tenure | 10 years |
| Web | https://www.eaglepointcreditcompany.com |
Eagle Point Management Efficiency
The company has return on total asset (ROA) of 5.77 % which means that it generated a profit of $5.77 on every $100 spent on assets. This is normal as compared to the sector avarege. Similarly, it shows a return on stockholder's equity (ROE) of 29.67 %, meaning that it created $29.67 on every $100 dollars invested by stockholders. Eagle Point's management efficiency ratios could be used to measure how well Eagle Point manages its routine affairs as well as how well it operates its assets and liabilities.The company currently holds 213.83 M in liabilities with Debt to Equity (D/E) ratio of 0.41, which is about average as compared to similar companies. Eagle Point Credit has a current ratio of 1.3, suggesting that it is not liquid enough and may have problems paying out its financial obligations when due. Debt can assist Eagle Point until it has trouble settling it off, either with new capital or with free cash flow. So, Eagle Point's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Eagle Point Credit sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Eagle to invest in growth at high rates of return. When we think about Eagle Point's use of debt, we should always consider it together with cash and equity.
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Management Performance
| Return On Equity | 29.67 | |||
| Return On Asset | 5.77 |
Eagle Point Credit Leadership Team
Elected by the shareholders, the Eagle Point's board of directors comprises two types of representatives: Eagle Point inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Eagle. The board's role is to monitor Eagle Point's management team and ensure that shareholders' interests are well served. Eagle Point's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Eagle Point's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Paul Tramontano, Independent Director | ||
| Nauman Malik, Chief Compliance Officer, General Counsel | ||
| Courtney Fandrick, Deputy Chief Compliance Officer, Secretary | ||
| Scott Appleby, Independent Director | ||
| Jeffrey Weiss, Independent Director | ||
| Thomas Majewski, CEO, Director | ||
| Kenneth Onorio, CFO, COO | ||
| James Matthews, Chairperson of the Board | ||
| Kevin McDonald, Independent Director |
Eagle Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Eagle Point a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Pair Trading with Eagle Point
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Eagle Point position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Eagle Point will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Leggett Platt could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Leggett Platt when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Leggett Platt - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Leggett Platt Incorporated to buy it.
The correlation of Leggett Platt is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Leggett Platt moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Leggett Platt rporated moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Leggett Platt can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Eagle Point Credit information on this page should be used as a complementary analysis to other Eagle Point's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Other Consideration for investing in Eagle Stock
If you are still planning to invest in Eagle Point Credit check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Eagle Point's history and understand the potential risks before investing.
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