Quantbot Technologies LP Acquires New Holdings in Ellington Credit (NYSE:EARN)

Quantbot Technologies LP bought a new position in shares of Ellington Credit (NYSE:EARN) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,507 shares of the real estate investment trust’s stock, valued at approximately $30,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new position in Ellington Credit during the 4th quarter valued at $955,000. Geode Capital Management LLC raised its position in shares of Ellington Credit by 21.6% during the third quarter. Geode Capital Management LLC now owns 269,850 shares of the real estate investment trust’s stock valued at $1,885,000 after buying an additional 47,998 shares during the last quarter. Barclays PLC bought a new stake in shares of Ellington Credit in the third quarter valued at about $334,000. Clear Harbor Asset Management LLC grew its position in Ellington Credit by 16.3% during the fourth quarter. Clear Harbor Asset Management LLC now owns 235,395 shares of the real estate investment trust’s stock worth $1,558,000 after buying an additional 33,040 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in Ellington Credit during the third quarter valued at about $220,000. Institutional investors and hedge funds own 20.40% of the company’s stock.

Ellington Credit Trading Up 1.9 %

EARN stock opened at $5.52 on Wednesday. Ellington Credit has a 1-year low of $5.41 and a 1-year high of $7.26. The business’s 50 day moving average is $6.30 and its 200-day moving average is $6.57. The firm has a market cap of $160.91 million, a P/E ratio of 4.92 and a beta of 1.96.

Ellington Credit (NYSE:EARN) last released its quarterly earnings results on Wednesday, March 12th. The real estate investment trust reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. Ellington Credit had a return on equity of 15.81% and a net margin of 226.01%. The business had revenue of $6.14 million for the quarter, compared to analyst estimates of $9.65 million. Sell-side analysts forecast that Ellington Credit will post 1.17 EPS for the current year.

Ellington Credit Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 31st will be paid a $0.08 dividend. This represents a $0.96 annualized dividend and a yield of 17.41%. The ex-dividend date is Monday, March 31st. Ellington Credit’s payout ratio is 320.00%.

Ellington Credit 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.