Ellington Residential Mortgage ( (EARN) ) has provided an announcement.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Ellington Credit Company reported a net income of $5.4 million in Q3 2024, highlighting strong performance in its CLO debt and equity portfolios. The company saw significant growth in its CLO portfolio, increasing to $144.5 million, and maintained a healthy dividend yield of 14.5%. As it transitions to focus on corporate CLOs, Ellington is well-positioned to capitalize on market inefficiencies, aiming to enhance shareholder value through strategic trading and refinancings.
See more data about EARN stock on TipRanks’ Stock Analysis page.
