Ellington Residential Mortgage REITEARN
Market Cap: $178M
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 strong 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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
9,027% more call options, than puts
Call options by funds: $1M | Put options by funds: $11K
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
50% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 12
7% more funds holding
Funds holding: 44 [Q1] → 47 (+3) [Q2]
0% less capital invested
Capital invested by funds: $24.2M [Q1] → $24.1M (-$59.6K) [Q2]
0.42% less ownership
Funds ownership: 17.65% [Q1] → 17.22% (-0.42%) [Q2]
Research analyst outlook
We haven’t received any recent analyst ratings for EARN.