23,000 Shares in Ellington Credit (NYSE:EARN) Purchased by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC bought a new stake in shares of Ellington Credit (NYSE:EARN) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 23,000 shares of the real estate investment trust’s stock, valued at approximately $152,000. Mount Yale Investment Advisors LLC owned approximately 0.08% of Ellington Credit at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings 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 worth $1,885,000 after purchasing an additional 47,998 shares during the period. Clear Harbor Asset Management LLC lifted its stake in Ellington Credit by 16.3% in the fourth quarter. Clear Harbor Asset Management LLC now owns 235,395 shares of the real estate investment trust’s stock valued at $1,558,000 after acquiring an additional 33,040 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of 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 valued at $554,000 after acquiring an additional 2,895 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Ellington Credit in the third quarter valued at approximately $468,000. Finally, Barclays PLC bought a new position in Ellington Credit in the 3rd quarter worth $334,000. Hedge funds and other institutional investors own 20.40% of the company’s stock.

Ellington Credit Trading Down 1.0 %

Shares of EARN stock opened at $6.59 on Thursday. The company has a market capitalization of $192.15 million, a P/E ratio of 5.88 and a beta of 1.86. Ellington Credit has a 12 month low of $5.54 and a 12 month high of $7.26. The stock has a 50 day moving average of $6.66 and a two-hundred day moving average of $6.78.

Ellington Credit (NYSE:EARN) last announced its quarterly earnings data on Tuesday, November 12th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Ellington Credit had a net margin of 226.01% and a return on equity of 15.81%. The company had revenue of $4.75 million during the quarter, compared to analysts’ expectations of $7.55 million. During the same quarter in the prior year, the company posted $0.21 EPS. Sell-side analysts predict that Ellington Credit will post 1.17 earnings per share for the current fiscal year.

Ellington Credit Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 14.58%. The ex-dividend date of this dividend is Friday, January 31st. Ellington Credit’s payout ratio is 85.71%.

Wall Street Analyst Weigh In

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

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.