Ellington Credit Co's fundamentals are relatively healthy, and its growth potential is high.Its valuation is considered fairly valued, ranking 20 out of 29 in the Collective Investments industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Hold, with the highest price target at 5.88.In the medium term, the stock price is expected to trend down.Despite a weak stock market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Ellington Credit Co's Score
Industry at a Glance
Industry Ranking
20 / 29
Overall Ranking
287 / 4565
Industry
Collective Investments
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Media Coverage
Last 24 hours
Coverage Level
Very Low
Very High
Neutral
Ellington Credit Co Highlights
StrengthsRisks
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.
Growing
The company is in a growing phase, with the latest annual income totaling USD -14.87M.
Undervalued
The company’s latest PB is 0.73, at a low 3-year percentile range.
Institutional Selling
The latest institutional holdings are 3.67M shares, decreasing 60.31% quarter-over-quarter.
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.