Quantbot Technologies LP Invests $30,000 in Ellington Credit (NYSE:EARN)

Quantbot Technologies LP bought a new stake in Ellington Credit (NYSE:EARN) during the fourth quarter, HoldingsChannel.com reports. The fund bought 4,507 shares of the real estate investment trust’s stock, valued at approximately $30,000.

A number of other institutional investors have also made changes to their positions in EARN. Geode Capital Management LLC boosted its holdings in shares of Ellington Credit by 21.6% in the 3rd 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. Clear Harbor Asset Management LLC grew its stake in Ellington Credit by 16.3% in the 4th 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 buying an additional 33,040 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Ellington Credit during the fourth quarter worth approximately $955,000. Thrivent Financial for Lutherans increased its position in 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 worth $554,000 after buying an additional 2,895 shares during the period. Finally, Barclays PLC acquired a new stake in Ellington Credit in the 3rd quarter worth about $334,000. Institutional investors own 20.40% of the company’s stock.

Ellington Credit Price Performance

Ellington Credit stock opened at $5.52 on Wednesday. The stock’s fifty day moving average price is $6.30 and its two-hundred day moving average price is $6.57. The firm has a market cap of $160.91 million, a PE ratio of 4.92 and a beta of 1.96. Ellington Credit has a one year low of $5.41 and a one year high of $7.26.

Ellington Credit (NYSE:EARN) last posted its quarterly earnings results on Wednesday, March 12th. The real estate investment trust reported $0.27 earnings per share 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 the consensus estimate of $9.65 million. Ellington Credit had a net margin of 226.01% and a return on equity of 15.81%. Sell-side analysts expect that Ellington Credit will post 1.17 earnings per share for the current fiscal year.

Ellington Credit Dividend Announcement

The business also recently declared 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 of this dividend is Monday, March 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 17.41%. Ellington Credit’s dividend payout ratio (DPR) is presently 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.