Plancorp LLC Acquires New Holdings in Ellington Credit (NYSE:EARN)

Plancorp LLC acquired a new stake in Ellington Credit (NYSE:EARN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 15,110 shares of the real estate investment trust’s stock, valued at approximately $100,000. Plancorp LLC owned about 0.05% of Ellington Credit as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in shares of Ellington Credit during the 4th quarter worth about $30,000. FMR LLC raised its position in shares of 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. Naviter Wealth LLC bought a new stake in shares of Ellington Credit during the 4th quarter worth about $72,000. Inspire Advisors LLC bought a new stake in shares of Ellington Credit during the 4th quarter worth about $98,000. Finally, Global Retirement Partners LLC bought a new stake in shares of Ellington Credit during the 4th quarter worth about $114,000. 20.40% of the stock is currently owned by institutional investors.

Ellington Credit Trading Down 1.0 %

EARN stock opened at $5.71 on Friday. The firm’s 50-day moving average is $6.41 and its two-hundred day moving average is $6.63. The company has a market capitalization of $166.45 million, a price-to-earnings ratio of 5.09 and a beta of 1.96. Ellington Credit has a 52 week low of $5.68 and a 52 week high of $7.26.

Ellington Credit (NYSE:EARN) last announced its quarterly earnings data on Wednesday, March 12th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.01. The company had revenue of $6.14 million for the quarter, compared to analysts’ expectations of $9.65 million. Ellington Credit had a net margin of 226.01% and a return on equity of 15.81%. On average, equities research analysts predict that Ellington Credit will post 1.17 earnings per share for the current year.

Ellington Credit Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 31st will be paid a $0.08 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.96 annualized dividend and a dividend yield of 16.83%. Ellington Credit’s dividend payout ratio is currently 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.