Mount Yale Investment Advisors LLC Takes $152,000 Position in Ellington Credit (NYSE:EARN)

Mount Yale Investment Advisors LLC bought a new position in shares of Ellington Credit (NYSE:EARN) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 23,000 shares of the real estate investment trust’s stock, valued at approximately $152,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Clear Harbor Asset Management LLC grew its stake in Ellington Credit by 16.3% during the fourth quarter. Clear Harbor Asset Management LLC now owns 235,395 shares of the real estate investment trust’s stock worth $1,558,000 after buying an additional 33,040 shares during the last quarter. Barclays PLC acquired a new position in shares of Ellington Credit in the 3rd quarter worth approximately $334,000. Geode Capital Management LLC grew its position in Ellington Credit by 21.6% during the 3rd quarter. Geode Capital Management LLC now owns 269,850 shares of the real estate investment trust’s stock worth $1,885,000 after acquiring an additional 47,998 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Ellington Credit during the 3rd quarter valued at $220,000. Finally, FMR LLC raised 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 purchasing an additional 3,429 shares during the last quarter. 20.40% of the stock is owned by institutional investors.

Ellington Credit Trading Down 1.0 %

EARN opened at $6.59 on Thursday. Ellington Credit has a 1-year low of $5.54 and a 1-year high of $7.26. The stock has a market capitalization of $192.15 million, a PE ratio of 5.88 and a beta of 1.86. The firm has a 50-day moving average price of $6.66 and a two-hundred day moving average price of $6.78.

Ellington Credit (NYSE:EARN) last issued its quarterly earnings results on Tuesday, November 12th. The real estate investment trust reported $0.28 earnings per share 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 business had revenue of $4.75 million during the quarter, compared to analyst estimates of $7.55 million. During the same quarter last year, the business posted $0.21 earnings per share. On average, research analysts predict that Ellington Credit will post 1.17 EPS for the current year.

Ellington Credit Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, February 25th. Stockholders 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 dividend on an annualized basis and a dividend yield of 14.58%. Ellington Credit’s payout ratio is currently 85.71%.

Wall Street Analyst Weigh In

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

Ellington Credit Company 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.