Quadrature Capital Ltd Purchases 5,337 Shares of Ellington Credit (NYSE:EARN)

Quadrature Capital Ltd lifted its position in Ellington Credit (NYSE:EARN) by 18.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,843 shares of the real estate investment trust’s stock after acquiring an additional 5,337 shares during the quarter. Quadrature Capital Ltd owned 0.18% of Ellington Credit worth $214,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wolverine Asset Management LLC raised its holdings in shares of Ellington Credit by 21.8% in the fourth quarter. Wolverine Asset Management LLC now owns 92,527 shares of the real estate investment trust’s stock valued at $567,000 after acquiring an additional 16,532 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Ellington Credit in the fourth quarter valued at about $3,610,000. Virtu Financial LLC bought a new stake in shares of Ellington Credit in the fourth quarter valued at about $217,000. Jump Financial LLC bought a new stake in shares of Ellington Credit in the fourth quarter valued at about $171,000. Finally, Choreo LLC bought a new stake in shares of Ellington Credit in the fourth quarter valued at about $86,000. 20.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EARN has been the topic of several analyst reports. JMP Securities reiterated a “market perform” rating on shares of Ellington Credit in a research note on Thursday, April 18th. StockNews.com upgraded Ellington Credit from a “sell” rating to a “hold” rating in a research note on Thursday, March 7th.

Ellington Credit Price Performance

EARN opened at $7.04 on Friday. Ellington Credit has a 1 year low of $5.09 and a 1 year high of $7.64. The firm has a market capitalization of $141.68 million, a PE ratio of 24.26 and a beta of 1.87. The business’s 50-day moving average is $6.98 and its two-hundred day moving average is $6.51.

Ellington Credit (NYSE:EARN) last issued its quarterly earnings results on Tuesday, May 14th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $0.28 million for the quarter, compared to analysts’ expectations of $4.02 million. During the same quarter in the previous year, the firm posted $0.21 EPS. As a group, sell-side analysts expect that Ellington Credit will post 1.02 EPS for the current year.

Ellington Credit Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 13.65%. Ellington Credit’s payout ratio is 331.05%.

About Ellington Credit

Ellington Credit Company, a real estate investment trust, acquires, invests in, and manages residential mortgage-and real estate-related assets. It acquires and manages residential mortgage-backed securities (RMBS), including agency pools and agency collateralized mortgage obligations (CMOs); and non-agency RMBS, such as non-agency CMOs, such as investment grade and non-investment grade.