EARN
Ellington Residential Mortgage REITEARN
EARN
About: Ellington Credit Co is focused on corporate collateralized loan obligations (CLOs). It focuses on acquiring, investing in, and managing secondary CLO mezzanine debt and equity tranches. The company relies on risk management, including disciplined liquidity management and selective use of credit hedges, to preserve book value during times of stress. It also leverages Ellington's proprietary technology, analytics, and risk management systems to enhance underwriting and investment selection and to guide ongoing portfolio monitoring and surveillance.
Employees: 160
0
Funds holding %
of 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
227% more call options, than puts
Call options by funds: $72K | Put options by funds: $22K
162% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 13
4.9% more ownership
Funds ownership: 24.07% [Q4 2024] → 28.96% (+4.9%) [Q1 2025]
0% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 17
2% less capital invested
Capital invested by funds: $46.5M [Q4 2024] → $45.7M (-$777K) [Q1 2025]
1% less funds holding
Funds holding: 74 [Q4 2024] → 73 (-1) [Q1 2025]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$5.50
4%
downside
Avg. target
$6
5%
upside
High target
$6.50
13%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
UBS Douglas Harter | 4%downside $5.50 | Neutral Maintained | 10 Jun 2025 |
Piper Sandler Crispin Love | 13%upside $6.50 | Overweight Maintained | 8 Apr 2025 |
Financial journalist opinion
Based on 7 articles about EARN published over the past 30 days
Negative
24/7 Wall Street
2 days ago
Is 12% Too Good to Be True? Not for These Monthly Dividend Payers
In the bond world, double digit yields ordinarily equate to junk bonds with a higher than normal default risk.
Neutral
Business Wire
6 days ago
Ellington Credit Declares Monthly Common Dividend
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we" or the "Fund") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on July 31, 2025 to shareholders of record as of June 30, 2025. Cautionary Statement Regarding Forward-Looking Statements This release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-lookin.
Neutral
Seeking Alpha
1 week ago
Ellington Credit: Equity CLO Build Adds Risk, But RMBS Recycling And Repo Rates Spark Optimism
Ellington Credit Company is a high-risk credit option, but can serve its purpose for yield enhancement in a diversified portfolio. Its build-out with CLOs, and particularly equity CLOs introduces risk at this stage of the credit cycle, but could act as a yield kicker in the longer term. EARN is recycling on RMBS, where its recent unrealized losses could be offset by entering into newer high-coupon agency RMBS.
Positive
Seeking Alpha
1 week ago
Ellington Credit: Q1 Results, Valuation, And CLO CEF Sector Update
Ellington Credit's transition to a CEF was well-timed, preserving book value and enabling opportunistic CLO acquisitions at attractive prices. The fund's low leverage, risk-adjusted yield focus, and shareholder-friendly fee structure support its tactical appeal despite sector headwinds. Recent gains and tighter credit spreads make EARN less attractive fundamentally, but its wide discount offers an upside for tactical investors.
Neutral
Seeking Alpha
3 weeks ago
Ellington Credit Company (EARN) Q1 2025 Earnings Call Transcript
Ellington Credit Company (NYSE:EARN ) Q1 2025 Earnings Conference Call May 21, 2025 11:00 AM ET Company Participants Alaael-Deen Shilleh - Associate General Counsel Larry Penn - CEO Greg Borenstein - Portfolio Manager Mark Tecotzky - EVP Chris Smernoff - CFO Conference Call Participants Eric Hagen - BTIG Crispin Love - Piper Sandler Operator Good morning, ladies and gentlemen. And thank you for standing by.
Negative
Zacks Investment Research
3 weeks ago
Ellington Credit (EARN) Lags Q1 Earnings and Revenue Estimates
Ellington Credit (EARN) came out with quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.27 per share a year ago.
Neutral
Business Wire
3 weeks ago
Ellington Credit Company Reports Results for Three-Month Period Ended March 31, 2025
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we") today reported financial results for the three-month period ended March 31, 2025. Highlights Net income (loss) of $(7.9) million, or $(0.23) per share. Adjusted Distributable Earnings1 of $9.0 million, or $0.26 per share. Book value of $6.08 per share as of March 31, 2025, which includes the effects of dividends of $0.24 per share for the three-month period. Net interest margin2 of 11.13% on credit, 2.29% on Age.
Neutral
Business Wire
1 month ago
Ellington Credit Company Announces Release Date of Earnings, Conference Call, and Investor Presentation
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Company") today announced that it will release financial results for the quarter ended March 31, 2025 after market close on Tuesday, May 20, 2025. The Company will host a conference call to discuss its financial results at 11:00 a.m. Eastern Time on Wednesday, May 21, 2025. To participate in the event by telephone, please dial (800) 225-9448 at least 10 minutes prior to the start time and reference the conference.
Positive
Seeking Alpha
1 month ago
It's Raining CLO Equity CEFs And Why We Got Longer
The CLO Equity CEF sector has doubled in size over the past two years, driven by new entrants and favorable market conditions. Key catalysts include a benign default environment, tightening credit spreads, and the attractiveness of floating-rate assets amid a flat/inverted yield curve. CLO Equity funds benefit from embedded options like reinvestment and call options, which enhance returns during periods of market volatility.
Neutral
Business Wire
1 month ago
Ellington Credit Declares Monthly Common Dividend
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we" or the "Fund") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on June 30, 2025 to shareholders of record as of May 30, 2025. Cautionary Statement Regarding Forward-Looking Statements This release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking.
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