67,008 Shares in Ellington Credit (NYSE:EARN) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new position in shares of Ellington Credit (NYSE:EARN) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 67,008 shares of the real estate investment trust’s stock, valued at approximately $468,000. International Assets Investment Management LLC owned 0.33% of Ellington Credit as of its most recent SEC filing.

Separately, Inspire Advisors LLC lifted its holdings in shares of Ellington Credit by 18.1% during the first quarter. Inspire Advisors LLC now owns 12,426 shares of the real estate investment trust’s stock worth $86,000 after purchasing an additional 1,903 shares during the period. 20.40% of the stock is currently owned by institutional investors and hedge funds.

Ellington Credit Stock Up 1.9 %

Ellington Credit stock opened at $6.51 on Wednesday. Ellington Credit has a 52 week low of $5.42 and a 52 week high of $7.26. The company has a market capitalization of $164.90 million, a price-to-earnings ratio of 40.69 and a beta of 1.87. The stock has a 50-day moving average price of $6.87 and a 200 day moving average price of $6.93.

Ellington Credit (NYSE:EARN) last announced its quarterly earnings results on Monday, August 12th. The real estate investment trust reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.12. The company had revenue of $3.90 million for the quarter, compared to analysts’ expectations of $6.35 million. During the same quarter in the prior year, the business posted $0.17 earnings per share. Research analysts anticipate that Ellington Credit will post 1.16 EPS for the current fiscal year.

Ellington Credit Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, October 31st will be given a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a yield of 14.75%. The ex-dividend date is Thursday, October 31st. Ellington Credit’s dividend payout ratio is currently 600.04%.

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.