Ellington Residential Mortgage ( (EARN) ) has shared an update.
Ellington Credit Company, previously known as Ellington Residential Mortgage, reported its financial results for the fourth quarter of 2024, highlighting a net loss of $2.0 million and adjusted distributable earnings of $7.8 million. The company has been focusing on expanding its CLO portfolio, which grew by 18% to $171.1 million by year-end, and plans to convert into a Delaware registered closed-end fund by April 1, 2025, to enhance shareholder value and focus on corporate CLO investments.
More about Ellington Residential Mortgage
YTD Price Performance: -5.26%
Average Trading Volume: 644,368
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $178.6M
Find detailed analytics on EARN stock on TipRanks’ Stock Analysis page.