Astra Wealth Partners LLC Acquires New Position in Ellington Credit (NYSE:EARN)

Astra Wealth Partners LLC acquired a new stake in shares of Ellington Credit (NYSE:EARN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,000 shares of the real estate investment trust’s stock, valued at approximately $132,000. Astra Wealth Partners LLC owned approximately 0.07% of Ellington Credit at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EARN. Charles Schwab Investment Management Inc. acquired a new position in shares of Ellington Credit during the 3rd quarter worth $170,000. Bank of New York Mellon Corp bought a new position in Ellington Credit in the fourth quarter valued at about $955,000. Geode Capital Management LLC raised its stake in Ellington Credit by 21.6% during 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. Barclays PLC bought a new position in shares of Ellington Credit in the third quarter worth about $334,000. Finally, FMR LLC boosted its stake 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 valued at $34,000 after purchasing an additional 3,429 shares in the last quarter. 20.40% of the stock is currently owned by institutional investors.

Ellington Credit Price Performance

EARN stock opened at $5.13 on Friday. The stock has a market cap of $149.53 million, a price-to-earnings ratio of 4.58 and a beta of 1.96. The company has a 50 day simple moving average of $6.25 and a 200 day simple moving average of $6.55. Ellington Credit has a 1 year low of $5.11 and a 1 year high of $7.26.

Ellington Credit (NYSE:EARN) last posted its earnings results on Wednesday, March 12th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. Ellington Credit had a net margin of 226.01% and a return on equity of 15.81%. The firm had revenue of $6.14 million for the quarter, compared to analysts’ expectations of $9.65 million. On average, equities research analysts anticipate that Ellington Credit will post 1.17 EPS for the current fiscal year.

Ellington Credit Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 18.73%. 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.