Ellington Credit Company Reports Third Quarter 2024 Results
Ellington Credit Company Common Shares of Beneficial Interest (EARN)
Last ellington credit company common shares of beneficial interest earnings: 5/2 05:27 pm
Check Earnings Report
US:NYSE Investor Relations:
ir.earnreit.com
Company Research
Source: Business Wire
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we", "us," or "our") today reported financial results for the quarter ended September 30, 2024.HighlightsNet income (loss) of $5.4 million, or $0.21 per share.Adjusted Distributable Earnings1 of $7.2 million, or $0.28 per share.Book value of $6.85 per share as of September 30, 2024, which includes the effects of dividends of $0.24 per share for the quarter.Net interest margin2 of 9.65% on credit, 3.52% on Agency, and 5.22% overall.CLO portfolio increased to $144.5 million as of September 30, 2024, as compared to $85.1 million as of June 30, 2024.Capital allocation3 to corporate CLOs was 58% as of September 30, 2024 as compared to 45% as of June 30, 2024.Weighted average constant prepayment rate ("CPR") for the fixed-rate Agency specified pool portfolio of 7.54.Net mortgage assets-to-equity ratio of 3.0:15 as of September 30, 2024.Dividend yield of 14.5% based on the November 8, 2024 closing stock price
Show less
Read more
Impact Snapshot
Event Time:
EARN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
EARN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
EARN alerts
High impacting Ellington Credit Company Common Shares of Beneficial Interest news events
Weekly update
A roundup of the hottest topics
EARN
News
- Ellington Credit Sets Date for its Annual Meeting of ShareholdersBusiness Wire
- Ellington Credit (NYSE: EARN) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Ellington Credit Company Reports Third Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Ellington Credit Declares Monthly Common DividendBusiness Wire
- Ellington Credit Postpones its Annual Meeting of ShareholdersBusiness Wire
EARN
Earnings
- 11/12/24 - Miss
EARN
Sec Filings
- 11/21/24 - Form DEFA14A
- 11/21/24 - Form DEFA14A
- 11/14/24 - Form 10-Q
- EARN's page on the SEC website