Plancorp LLC Invests $100,000 in Ellington Credit (NYSE:EARN)

Plancorp LLC bought a new position in Ellington Credit (NYSE:EARN) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 15,110 shares of the real estate investment trust’s stock, valued at approximately $100,000.

Several other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of Ellington Credit by 21.6% in the third 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 in the last quarter. Clear Harbor Asset Management LLC increased its position in shares of Ellington Credit by 16.3% in 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 acquiring an additional 33,040 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Ellington Credit in the fourth quarter worth approximately $955,000. Thrivent Financial for Lutherans increased its position in shares of 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 worth $554,000 after acquiring an additional 2,895 shares in the last quarter. Finally, Barclays PLC purchased a new position in Ellington Credit during the third quarter valued at approximately $334,000. 20.40% of the stock is owned by hedge funds and other institutional investors.

Ellington Credit Stock Performance

Ellington Credit stock opened at $5.71 on Friday. The firm has a market cap of $166.45 million, a PE ratio of 5.09 and a beta of 1.96. The firm’s 50 day moving average price is $6.41 and its two-hundred day moving average price is $6.63. Ellington Credit has a twelve month low of $5.68 and a twelve month high of $7.26.

Ellington Credit (NYSE:EARN) last released its quarterly earnings data on Wednesday, March 12th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. The firm 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%. Equities analysts anticipate that Ellington Credit will post 1.17 EPS for the current fiscal year.

Ellington Credit Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, April 25th. Shareholders 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 yield of 16.83%. Ellington Credit’s dividend payout ratio is presently 320.00%.

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.