Barclays PLC Buys New Position in Ellington Credit (NYSE:EARN)

Barclays PLC acquired a new position in shares of Ellington Credit (NYSE:EARN - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 47,919 shares of the real estate investment trust's stock, valued at approximately $334,000. Barclays PLC owned 0.16% of Ellington Credit as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. FMR LLC increased its position in Ellington Credit by 243.2% in the 3rd quarter. FMR LLC now owns 4,839 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 3,429 shares in the last quarter. Charles Schwab Investment Management Inc. acquired a new stake in Ellington Credit in the third quarter valued at approximately $170,000. Quadrature Capital Ltd acquired a new stake in Ellington Credit in the third quarter valued at approximately $220,000. International Assets Investment Management LLC acquired a new stake in Ellington Credit in the third quarter valued at approximately $468,000. Finally, Thrivent Financial for Lutherans grew its stake in Ellington Credit by 3.8% in the third 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 period. Institutional investors own 20.40% of the company's stock.

Wall Street Analyst Weigh In

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

Ellington Credit Stock Performance

Ellington Credit stock traded up $0.02 during mid-day trading on Monday, reaching $6.61. The stock had a trading volume of 460,018 shares, compared to its average volume of 467,128. Ellington Credit has a fifty-two week low of $5.54 and a fifty-two week high of $7.26. The stock's 50-day simple moving average is $6.64 and its 200-day simple moving average is $6.80. The firm has a market capitalization of $193.00 million, a PE ratio of 5.91 and a beta of 1.86.

Ellington Credit (NYSE:EARN - Get Free Report) last announced its 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. The company had revenue of $4.75 million for the quarter, compared to analysts' expectations of $7.55 million. Ellington Credit had a return on equity of 15.81% and a net margin of 226.01%. During the same quarter in the previous year, the firm earned $0.21 earnings per share. On average, research analysts forecast that Ellington Credit will post 1.17 earnings per share for the current fiscal year.

Ellington Credit Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, January 31st will be given a dividend of $0.08 per share. The ex-dividend date is Friday, January 31st. This represents a $0.96 annualized dividend and a dividend yield of 14.51%. Ellington Credit's payout ratio is 85.71%.

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.