Ellington Credit (NYSE:EARN) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Posted by Geri Gentry on Jul 22nd, 2026

Ellington Credit Company (NYSE:EARN – Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.82 and traded as low as $4.32. Ellington Credit shares last traded at $4.3250, with a volume of 677,557 shares trading hands.

Wall Street Analyst Weigh In

EARN has been the subject of a number of research analyst reports. Wall Street Zen upgraded Ellington Credit from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Piper Sandler lowered their price objective on shares of Ellington Credit from $5.25 to $5.00 and set an “overweight” rating for the company in a research note on Monday, July 13th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $5.50.

View Our Latest Stock Analysis on Ellington Credit

Ellington Credit Stock Performance

The business has a 50-day simple moving average of $4.57 and a 200-day simple moving average of $4.82. The company has a market cap of $164.04 million, a price-to-earnings ratio of -4.20 and a beta of 1.27.

Ellington Credit (NYSE:EARN – Get Free Report) last issued its earnings results on Wednesday, May 20th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.03). The company had revenue of $9.87 million for the quarter, compared to analysts’ expectations of $10.57 million.

Ellington Credit Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, July 31st will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 22.0%. Ellington Credit’s payout ratio is presently -92.31%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EARN. Millennium Management LLC raised its position in shares of Ellington Credit by 485.8% during the 1st quarter. Millennium Management LLC now owns 932,326 shares of the real estate investment trust’s stock worth $5,044,000 after acquiring an additional 773,169 shares in the last quarter. Jane Street Group LLC raised its holdings in Ellington Credit by 415.4% during the first quarter. Jane Street Group LLC now owns 379,906 shares of the real estate investment trust’s stock worth $2,055,000 after purchasing an additional 306,192 shares in the last quarter. Waverly Advisors LLC raised its holdings in Ellington Credit by 85.8% during the first quarter. Waverly Advisors LLC now owns 167,250 shares of the real estate investment trust’s stock worth $741,000 after purchasing an additional 77,250 shares in the last quarter. HighTower Advisors LLC purchased a new stake in shares of Ellington Credit during the 4th quarter worth approximately $369,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Ellington Credit by 56.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 126,864 shares of the real estate investment trust’s stock worth $686,000 after buying an additional 45,845 shares during the last quarter. 20.40% of the stock is owned by institutional investors and hedge funds.

Ellington Credit Company Profile

(Get Free Report)

Ellington Credit Income Fund (NYSE: EARN) is a closed-end management investment company that seeks to generate current income through a diversified portfolio of mortgage- and asset-backed securities. The fund primarily invests in residential mortgage-backed securities (RMBS) and asset-backed securities (ABS), with additional exposure to commercial mortgage-backed securities (CMBS) and related structured credit instruments. To enhance income and manage risk, the fund employs leverage and derivative strategies such as interest rate swaps and credit default swaps, allowing it to adjust duration and credit exposure dynamically.

The fund is externally managed and advised by Ellington Management Group, LLC, an established investment firm specializing in mortgage credit and structured products.