Ellington Credit (NYSE:EARN - Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.63 and traded as low as $5.68. Ellington Credit shares last traded at $5.71, with a volume of 525,116 shares traded.
Ellington Credit Price Performance
The company has a market cap of $171.27 million, a PE ratio of 5.24 and a beta of 1.96. The company has a 50-day moving average price of $6.40 and a two-hundred day moving average price of $6.62.
Ellington Credit (NYSE:EARN - Get Free Report) last posted its quarterly earnings data on Wednesday, March 12th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.01. The company had revenue of $6.14 million for the quarter, compared to analyst estimates 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 anticipate that Ellington Credit will post 1.17 earnings per share for the current year.
Ellington Credit Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 31st will be given a $0.08 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.96 dividend on an annualized basis and a yield of 16.35%. Ellington Credit's payout ratio is currently 320.00%.
Institutional Investors Weigh In On Ellington Credit
Several hedge funds and other institutional investors have recently bought and sold shares of EARN. Quantbot Technologies LP bought a new stake in shares of Ellington Credit in the fourth quarter worth $30,000. FMR LLC increased its position in shares of Ellington Credit by 243.2% in the 3rd quarter. FMR LLC now owns 4,839 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 3,429 shares during the last quarter. State of Wyoming acquired a new stake in shares of Ellington Credit in the 4th quarter valued at about $49,000. Naviter Wealth LLC bought a new position in shares of Ellington Credit during the fourth quarter worth about $72,000. Finally, McIlrath & Eck LLC acquired a new position in Ellington Credit in the fourth quarter worth about $80,000. 20.40% of the stock is currently owned by hedge funds and other institutional investors.
About Ellington Credit
(
Get Free Report)
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.
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