Today, a Director at Ellington Residential Mortgage (NYSE: EARN), Ronald Simon, bought shares of EARN for $27.03K.
This recent transaction increases Ronald Simon’s holding in the company by 13.34% to a total of $229.8K. Following Ronald Simon’s last EARN Buy transaction on March 21, 2016, the stock climbed by 1.6%.
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Based on Ellington Residential Mortgage’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $31.31 million and GAAP net loss of $3.95 million. In comparison, last year the company earned revenue of $10.99 million and had a net profit of $2.05 million. EARN’s market cap is $138.8M and the company has a P/E ratio of 27.87. Currently, Ellington Residential Mortgage has an average volume of 195.3K.
The insider sentiment on Ellington Residential Mortgage has been positive according to 10 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Ellington Residential Mortgage REIT is a real estate investment trust, which engages in the acquisition, investment, and management of residential mortgage and real estate-related assets. It manages a portfolio, which consists of non-agency and agency residential mortgage-backed securities; and acquires other target assets, such as residential whole mortgage loans, commercial mortgage-backed securities, mortgage-related derivatives, and other asset-backed securities. The company was founded on August 1, 2012 and is headquartered in Old Greenwich, CT.
