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Ellington Credit Co (EARN) USD0.01

Sell:$6.48 Buy:$6.49 Change: $0.06 (0.93%)
Market closed |  Prices as at close on 14 January 2025 | Switch to live prices |
Sell:$6.48
Buy:$6.49
Change: $0.06 (0.93%)
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
Market closed |  Prices as at close on 14 January 2025 | Switch to live prices |
Sell:$6.48
Buy:$6.49
Change: $0.06 (0.93%)
Market closed |  Prices as at close on 14 January 2025 | Switch to live prices |
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Business summary

Ellington Credit Company, formerly Ellington Residential Mortgage REIT, is a closed-end fund. The Company is focused on acquiring, investing in, and managing secondary collateralized loan obligations (CLO) mezzanine debt and equity tranches. The Company’s primary objective is to generate attractive risk-adjusted total returns for its shareholders by making investments in multiple parts of the CLO capital structure, including mezzanine debt and equity tranches. The Company select investments for their ability to provide a total return to drive a sustainable earnings stream and book value growth over a long-term horizon, rather than focusing just on current yield. The Company also takes a trading-oriented approach, which seeks to take advantage of pricing inefficiencies in the CLO market, as opposed to simply buy-and-hold. It is externally managed and advised by Ellington Credit Company Management LLC.

Contact details

Address:
53 FOREST AVENUE
OLD GREENWICH
06870
United States
Telephone:
+1 (203) 6981200
Website:
https://www.ellingtoncredit.com/

Important dates

Future events
There are no future events available.
Past events
There are no past events available.

General stock information

Short code:
EARN
ISIN:
US2885781078
Market cap:
$187.61 million
Shares in issue:
29.18 million
Sector:
Asset Management & Custody Banks
Exchange:
New York Stock Exchange
Country:
United States
Currency:
US dollar
Indices:
n/a

Key personnel

  • Laurence Penn
    President, Chief Executive Officer, Trustee
  • Christopher Smernoff
    Chief Financial Officer
  • J. R. Herlihy
    Chief Operating Officer, Treasurer
  • Michael Vranos
    Co-Chief Investment Officer, Trustee
  • Mark Tecotzky
    Co-Chief Investment Officer
  • Daniel Margolis
    General Counsel

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Business summary, contact details and key personnel provided by Thomson Reuters. Important dates provided by Digital Look Ltd. General stock information provided by Reuters.

Options

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The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.