Jane Street Group LLC Sells 12,861 Shares of Ellington Credit (NYSE:EARN)

Jane Street Group LLC reduced its stake in Ellington Credit (NYSE:EARN) by 32.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,563 shares of the real estate investment trust’s stock after selling 12,861 shares during the quarter. Jane Street Group LLC owned 0.10% of Ellington Credit worth $185,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in EARN. Thrivent Financial for Lutherans lifted its position in Ellington Credit by 3.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 79,466 shares of the real estate investment trust’s stock worth $554,000 after buying an additional 2,895 shares in the last quarter. FMR LLC lifted its position in Ellington Credit by 243.2% during the 3rd quarter. FMR LLC now owns 4,839 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 3,429 shares in the last quarter. Charles Schwab Investment Management Inc. bought a new stake in Ellington Credit during the 3rd quarter worth about $170,000. Quadrature Capital Ltd bought a new stake in shares of Ellington Credit in the 3rd quarter valued at about $220,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Ellington Credit in the 3rd quarter valued at about $468,000. 20.40% of the stock is owned by institutional investors.

Ellington Credit Stock Up 0.2 %

Shares of NYSE:EARN opened at $6.44 on Tuesday. The company’s 50 day moving average price is $6.63 and its two-hundred day moving average price is $6.81. Ellington Credit has a 12-month low of $5.54 and a 12-month high of $7.26. The firm has a market cap of $187.90 million, a PE ratio of 5.75 and a beta of 1.86.

Ellington Credit (NYSE:EARN) last released its quarterly earnings results on Tuesday, November 12th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. Ellington Credit had a net margin of 226.01% and a return on equity of 15.81%. The firm had revenue of $4.75 million during the quarter, compared to the consensus estimate of $7.55 million. During the same quarter last year, the firm earned $0.21 earnings per share. On average, research analysts expect that Ellington Credit will post 1.17 EPS for the current year.

Ellington Credit Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, January 31st will be given a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a dividend yield of 14.91%. The ex-dividend date of this dividend is Friday, January 31st. Ellington Credit’s dividend payout ratio (DPR) is presently 85.71%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Ellington Credit from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th.

Ellington Credit Company Profile

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.