Ellington Credit Company Reports Third Quarter 2024 Results [Yahoo! Finance]
Ellington Credit Company Common Shares of Beneficial Interest (EARN)
Last ellington credit company common shares of beneficial interest earnings: 5/2 05:27 pm
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Source: Yahoo! Finance
Highlights Net income (loss) of $5.4 million, or $0.21 per share. Adjusted Distributable Earnings 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 margin 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 allocation 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 7.5 Net mortgage assets-to-equity ratio of 3.0:1 as of September 30, 2024. Dividend yield of 14.5% based on the November 8, 2024 closing stock price of $6.62, and monthly dividend of $0.08 per common share declared on November 7, 2024. Debt-to-equity ratio of 2.5:1 as of September 30, 2024. Cash and
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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 ResultsBusiness Wire
- 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