SG Americas Securities LLC Sells 1,024 Shares of Ellington Residential Mortgage REIT (NYSE:EARN)

SG Americas Securities LLC lowered its position in Ellington Residential Mortgage REIT (NYSE:EARN) by 7.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,973 shares of the real estate investment trust’s stock after selling 1,024 shares during the period. SG Americas Securities LLC owned about 0.09% of Ellington Residential Mortgage REIT worth $126,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EARN. Marshall Wace LLP bought a new stake in shares of Ellington Residential Mortgage REIT in the 1st quarter valued at $40,000. First Trust Advisors LP acquired a new position in Ellington Residential Mortgage REIT in the 3rd quarter worth $194,000. Wedbush Securities Inc. boosted its stake in Ellington Residential Mortgage REIT by 15.8% in the 2nd quarter. Wedbush Securities Inc. now owns 19,130 shares of the real estate investment trust’s stock worth $206,000 after purchasing an additional 2,610 shares during the period. WINTON GROUP Ltd boosted its stake in Ellington Residential Mortgage REIT by 70.2% in the 2nd quarter. WINTON GROUP Ltd now owns 21,806 shares of the real estate investment trust’s stock worth $235,000 after purchasing an additional 8,994 shares during the period. Finally, Susquehanna International Group LLP boosted its stake in Ellington Residential Mortgage REIT by 34.7% in the 2nd quarter. Susquehanna International Group LLP now owns 59,455 shares of the real estate investment trust’s stock worth $640,000 after purchasing an additional 15,315 shares during the period. Institutional investors and hedge funds own 61.31% of the company’s stock.

Shares of NYSE EARN opened at $11.14 on Monday. The firm has a market cap of $138.68 million, a PE ratio of 11.14 and a beta of 0.77. Ellington Residential Mortgage REIT has a 1-year low of $9.68 and a 1-year high of $12.14. The company has a fifty day moving average price of $10.81 and a 200 day moving average price of $10.79.

Ellington Residential Mortgage REIT (NYSE:EARN) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.04). Ellington Residential Mortgage REIT had a return on equity of 8.03% and a net margin of 20.65%. The business had revenue of $1.67 million for the quarter.

A number of equities analysts recently weighed in on the stock. ValuEngine lowered shares of Ellington Residential Mortgage REIT from a “hold” rating to a “sell” rating in a research note on Friday, August 30th. TheStreet raised shares of Ellington Residential Mortgage REIT from a “d” rating to a “c” rating in a research note on Monday, November 25th.

Ellington Residential Mortgage REIT Company Profile

Ellington Residential Mortgage REIT, a real estate investment trust, specializes in acquiring, investing in, and managing residential mortgage-and real estate-related assets. It acquires and manages residential mortgage-backed securities (RMBS), including agency pools and agency collateralized mortgage obligations (CMOs); and non-agency RMBS comprising non-agency CMOs, such as investment grade and non-investment grade.

Featured Article: What is a Real Estate Investment Trust (REIT)?

Want to see what other hedge funds are holding EARN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ellington Residential Mortgage REIT (NYSE:EARN).

Institutional Ownership by Quarter for Ellington Residential Mortgage REIT (NYSE:EARN)

Receive News & Ratings for Ellington Residential Mortgage REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ellington Residential Mortgage REIT and related companies with MarketBeat.com's FREE daily email newsletter.