Ellington Credit Management
Management criteria checks 2/4
Ellington Credit's CEO is Larry Penn, appointed in Oct 2012, has a tenure of 12.58 years. directly owns 0.095% of the company’s shares, worth $197.84K. The average tenure of the management team and the board of directors is 7.1 years and 12 years respectively.
Key information
Larry Penn
Chief executive officer
n/a
Total compensation
| CEO salary percentage | n/a |
| CEO tenure | 12.6yrs |
| CEO ownership | 0.1% |
| Management average tenure | 7.1yrs |
| Board average tenure | 12yrs |
Recent management updates
Recent updates
Ellington Credit Company (NYSE:EARN) Not Lagging Market On Growth Or Pricing
Apr 03
Ellington Credit Is In Transition, And I'm Betting It Pays Off
Mar 25Ellington Credit: High Yield Is Not A Red Flag
Dec 23Ellington Credit: Still Waiting For Approval To Transition To A CEF (Rating Downgrade)
Dec 11
CLO Strategy Shift Promises Transformative Growth And Earnings Boost
Strategic transformation into a CLO-focused fund aims to boost risk-adjusted returns, while active management seeks to improve net margins.Ellington Credit: Interest Rate Cuts Could Help The REIT
Sep 25Ellington Credit: 14% Yield, Major Strategic Change, 4% BV Discount
Jul 04EARN: Transforming From A 14% Yielding REIT To A CLO CEF
Apr 18Ellington Residential's 14% Yield Could Be Sustainable In 2024
Mar 23Ellington Residential Mortgage REIT: This 15% Yielding Mortgage Trust Could Outperform (Upgrade)
Sep 26CEO
Larry Penn (62 yo)
Mr. Laurence Eric Penn, also known as Larry, serves as Chief Executive Officer, President at Ellington Credit Company (formerly known as Ellington Residential Mortgage REIT) since October 2012 and also ser...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Trustee | 12.6yrs | no data | 0.095% $ 197.8k | |
| Chief Financial Officer | 7.1yrs | US$121.08k | 0.072% $ 150.8k | |
| COO & Treasurer | 7.2yrs | US$216.68k | 0.15% $ 316.3k | |
| General Counsel | 12.1yrs | no data | no data | |
| Executive Vice President | no data | no data | 0.022% $ 45.9k | |
| Controller | 7.1yrs | no data | no data | |
| Associate General Counsel & Secretary | 2.3yrs | no data | no data |
Experienced Management: EARN's management team is seasoned and experienced (7.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Trustee | 12.7yrs | no data | 0.095% $ 197.8k | |
| Independent Trustee | 12yrs | US$184.82k | 0.18% $ 384.8k | |
| Portfolio Manager & Board Member | 12.7yrs | no data | 0.37% $ 773.4k | |
| Independent Trustee | 12yrs | US$184.82k | 0.17% $ 364.0k | |
| Independent Trustee | 4.2yrs | US$177.32k | 0.090% $ 186.5k | |
| Independent Chairman of the Board | 12yrs | US$217.32k | 0.15% $ 308.6k |
Experienced Board: EARN's board of directors are seasoned and experienced ( 12 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/22 10:07 |
| End of Day Share Price | 2025/05/22 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Ellington Credit Company is covered by 8 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Eric Hagen | BTIG |
| Trevor Cranston | Citizens JMP Securities, LLC |
| Douglas Harter | Credit Suisse |