Keefe, Bruyette & Woods (KBW) recently adjusted Eagle Point Credit's financial outlook, lowering the price target from $9.50 to $9.00 while maintaining a Market Perform rating. This adjustment followed a slight miss in net investment income due to decreased collateralized loan obligation (CLO) income, although the company's cash flows were strong enough to cover dividends by 188% in the fourth quarter. Eagle Point Credit completed 16 CLO resets in the fourth quarter, with its NAV showing a modest decrease of 0.7% during that period. The company's leverage ratio increased to 0.54x debt-to-equity, with a new target range of 0.275x-0.375x debt-to-assets, slightly exceeding the target at 0.38x debt-to-assets. These developments highlight the company's ongoing activities and financial positioning as it continues to engage in CLO investments.