Ellington Residential MTG Earnings and Hedge Fund Activity Insight

Ellington Residential Mortgage ($EARN) is set to report earnings on February 17, expecting $7.3M in revenue and $0.31 EPS. Analysts anticipate a keen interest in its hedge fund activities with recent institutional shifts.

Date: 16-02-2025

AI Rating: 6

Earnings Per Share (EPS)
The report indicates that analysts are expecting earnings of $0.31 per share for Ellington Residential Mortgage ($EARN). This expectation provides a basis for investors to gauge the company’s profitability and performance relative to past quarters.

Revenue Growth
Analysts project that the company will generate revenue of $7,329,210. This figure is crucial for investors as it reflects the company's ability to grow its sales over time.

Hedge Fund Activity
Hedge fund activity reveals that 46 institutional investors have added shares of $EARN to their portfolios, while 36 have reduced their holdings. This mixed activity could indicate fluctuating sentiment among large investors regarding the stock's future performance.

The report notes significant moves among several institutional investors, with Wells Fargo adding a substantial number of shares while Hudson Bay Capital Management completely withdrew their stake. Such contrasting actions might influence market perceptions about Ellington's prospects and could lead to stock price volatility in the near term.

Stocks: EARN