Ellington Credit Net Asset Value Per Share at $5.19
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 04 2026
0mins
Net asset value per share was $5.19 as of December 31, 2025, which includes the effects of distributions of $0.24 per share for the quarter. "The fourth calendar quarter was challenging for the CLO equity market. For Ellington Credit, our relative up-in-credit bias and active trading strategy helped partially offset the challenges, as CLO mezzanine debt tranches, which have been a focus of our investment activity in recent months, proved more resilient, and with opportunistic trading contributing positively to results," said Laurence Penn, Chief Executive Officer and President.
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Analyst Views on EARN
Wall Street analysts forecast EARN stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 4.360
Low
6.00
Averages
6.00
High
6.00
Current: 4.360
Low
6.00
Averages
6.00
High
6.00
About EARN
Ellington Credit Company is a non-diversified closed-end fund. The Company is focused on acquiring, investing in, and managing secondary collateralized loan obligations (CLO) mezzanine debt and equity tranches. It specializes in acquiring, investing in, and managing residential mortgage- and real estate-related assets. 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. Additionally, it may also invest in CLO loan accumulation facilities, which are entities that acquire corporate loans and other similar corporate credit-related assets in anticipation of ultimately collateralizing a CLO transaction, as well as other related assets. It is externally managed and advised by Ellington Credit Company Management LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Analysis of High Insider Ownership Growth Companies in the UK
- Market Pressure: The UK's FTSE 100 and FTSE 250 indices are under pressure due to China's sluggish economic recovery and poor trade data, prompting investors to seek resilient opportunities, particularly in companies with high insider ownership.
- High Insider Ownership Companies: In the UK, Quantum Base Holdings and Optima Health boast insider ownership of 31.5% and 28.0%, respectively, with earnings growth rates of 111.8% and 56.3%, indicating that high insider ownership may provide stability and confidence for investors.
- Greencore Group Outlook: With a market cap of £1.90 billion, Greencore Group is expected to grow revenue by 15.3% annually, significantly outpacing the UK market's 4.5%, and despite trading 82.1% below its fair value, insider buying activity reflects confidence in future prospects.
- TBC Bank Group Performance Expectations: Operating in Georgia, Azerbaijan, and Uzbekistan, TBC Bank Group anticipates earnings growth of 13.53% annually, and its stock trading at a 59% discount suggests potential investment opportunities, despite facing a 3.1% bad loan rate.
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EARN Q4 2025 Earnings Transcript
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Ellington Credit Company Q4 2026 Earnings Call Insights
- Market Volatility Impact: The first quarter of 2026 saw continued volatility in the CLO market, leading to a decline in the company's net asset value (NAV), yet active trading strategies allowed for outperformance against peers, demonstrating resilience in uncertain markets.
- Debt Issuance Opportunity: In late March, the company successfully issued $54 million of 8.5% five-year senior unsecured notes, enabling rapid capital deployment to capitalize on market opportunities, which is expected to enhance future earnings capacity.
- Financial Performance Overview: As of March 31, 2026, the company reported a GAAP net loss of $0.86 per share, with adjusted net investment income at $0.19 per share, down $0.02 sequentially, primarily due to lower asset yields on CLO equity positions.
- Future Outlook: Management expressed optimism regarding market conditions in the second quarter, which are expected to drive adjusted net investment income back into the low 20s, indicating proactive strategy adjustments to navigate market changes.
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Ellington Credit Company Q4 2026 Financial Results
- Net Investment Income: Ellington Credit Company reported an adjusted net investment income of $7.3 million for Q4 2026, translating to $0.19 per share, indicating some profitability despite market challenges.
- Net Asset Value: As of March 31, 2026, the net asset value (NAV) per share stood at $4.09, which includes a distribution of $0.24 per share, reflecting stability in distributions that may attract investor interest.
- Net Loss: The company reported a GAAP net loss of $32.3 million, or $0.86 per share, highlighting pressure in the current economic environment that could impact future capital raising efforts.
- Investment Portfolio Dynamics: As of March 31, 2026, the CLO portfolio totaled $307.9 million, with debt investments at $145.1 million and equity investments at $162.8 million, demonstrating the company's ongoing efforts in diversified investments.
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Ellington Credit Company to Announce Q4 Earnings on May 19
- Earnings Announcement Schedule: Ellington Credit Company is set to release its Q4 2025 earnings on May 19 after market close, with consensus EPS estimate at $0.24, reflecting an 11.1% year-over-year decline, which may impact investor confidence in the company's profitability.
- Historical Performance Review: Over the past two years, EARN has exceeded EPS estimates 38% of the time and revenue estimates only 13% of the time, indicating volatility in its earnings performance that could affect market expectations for future results.
- Estimate Revision Status: In the last three months, there have been no upward revisions to EPS estimates and one downward revision, with revenue estimates showing the same pattern, reflecting analysts' cautious outlook on the company's future performance, potentially leading to reduced investor interest in its stock.
- Bond Issuance Update: Ellington Credit Company has also announced an offering of unsecured notes due in 2031, which may provide additional funding support for the company but could also increase its financial leverage risk.
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Ellington Credit Company Announces Financial Results Release Date
- Earnings Release Schedule: Ellington Credit Company will release its financial results for the quarter ended March 31, 2026, after market close on May 19, 2026, demonstrating the company's commitment to transparency and timely information disclosure.
- Conference Call Details: The company will host a conference call at 11:00 a.m. Eastern Time on May 20, 2026, to discuss its financial results, which is expected to attract significant attention from investors and analysts, thereby enhancing market confidence.
- Webcast Access: Investors can access the live webcast of the conference call via the
See More
Analysis of High Insider Ownership Growth Companies in the UK
- Market Pressure: The UK's FTSE 100 and FTSE 250 indices are under pressure due to China's sluggish economic recovery and poor trade data, prompting investors to seek resilient opportunities, particularly in companies with high insider ownership.
- High Insider Ownership Companies: In the UK, Quantum Base Holdings and Optima Health boast insider ownership of 31.5% and 28.0%, respectively, with earnings growth rates of 111.8% and 56.3%, indicating that high insider ownership may provide stability and confidence for investors.
- Greencore Group Outlook: With a market cap of £1.90 billion, Greencore Group is expected to grow revenue by 15.3% annually, significantly outpacing the UK market's 4.5%, and despite trading 82.1% below its fair value, insider buying activity reflects confidence in future prospects.
- TBC Bank Group Performance Expectations: Operating in Georgia, Azerbaijan, and Uzbekistan, TBC Bank Group anticipates earnings growth of 13.53% annually, and its stock trading at a 59% discount suggests potential investment opportunities, despite facing a 3.1% bad loan rate.
See More
EARN Q4 2025 Earnings Transcript
See More
Ellington Credit Company Q4 2026 Earnings Call Insights
- Market Volatility Impact: The first quarter of 2026 saw continued volatility in the CLO market, leading to a decline in the company's net asset value (NAV), yet active trading strategies allowed for outperformance against peers, demonstrating resilience in uncertain markets.
- Debt Issuance Opportunity: In late March, the company successfully issued $54 million of 8.5% five-year senior unsecured notes, enabling rapid capital deployment to capitalize on market opportunities, which is expected to enhance future earnings capacity.
- Financial Performance Overview: As of March 31, 2026, the company reported a GAAP net loss of $0.86 per share, with adjusted net investment income at $0.19 per share, down $0.02 sequentially, primarily due to lower asset yields on CLO equity positions.
- Future Outlook: Management expressed optimism regarding market conditions in the second quarter, which are expected to drive adjusted net investment income back into the low 20s, indicating proactive strategy adjustments to navigate market changes.
See More
Ellington Credit Company Q4 2026 Financial Results
- Net Investment Income: Ellington Credit Company reported an adjusted net investment income of $7.3 million for Q4 2026, translating to $0.19 per share, indicating some profitability despite market challenges.
- Net Asset Value: As of March 31, 2026, the net asset value (NAV) per share stood at $4.09, which includes a distribution of $0.24 per share, reflecting stability in distributions that may attract investor interest.
- Net Loss: The company reported a GAAP net loss of $32.3 million, or $0.86 per share, highlighting pressure in the current economic environment that could impact future capital raising efforts.
- Investment Portfolio Dynamics: As of March 31, 2026, the CLO portfolio totaled $307.9 million, with debt investments at $145.1 million and equity investments at $162.8 million, demonstrating the company's ongoing efforts in diversified investments.
See More
Ellington Credit Company to Announce Q4 Earnings on May 19
- Earnings Announcement Schedule: Ellington Credit Company is set to release its Q4 2025 earnings on May 19 after market close, with consensus EPS estimate at $0.24, reflecting an 11.1% year-over-year decline, which may impact investor confidence in the company's profitability.
- Historical Performance Review: Over the past two years, EARN has exceeded EPS estimates 38% of the time and revenue estimates only 13% of the time, indicating volatility in its earnings performance that could affect market expectations for future results.
- Estimate Revision Status: In the last three months, there have been no upward revisions to EPS estimates and one downward revision, with revenue estimates showing the same pattern, reflecting analysts' cautious outlook on the company's future performance, potentially leading to reduced investor interest in its stock.
- Bond Issuance Update: Ellington Credit Company has also announced an offering of unsecured notes due in 2031, which may provide additional funding support for the company but could also increase its financial leverage risk.
See More
Ellington Credit Company Announces Financial Results Release Date
- Earnings Release Schedule: Ellington Credit Company will release its financial results for the quarter ended March 31, 2026, after market close on May 19, 2026, demonstrating the company's commitment to transparency and timely information disclosure.
- Conference Call Details: The company will host a conference call at 11:00 a.m. Eastern Time on May 20, 2026, to discuss its financial results, which is expected to attract significant attention from investors and analysts, thereby enhancing market confidence.
- Webcast Access: Investors can access the live webcast of the conference call via the
See More
