Monitor actual repurchase activity in future filings to gauge management's conviction on NAV discount. The $20 million authorization is modest relative to market cap and discretionary, so near-term price impact is limited.
Price Chart
Executive Summary
Ellington Credit Company's board authorized a $20 million common share repurchase program, effective through October 9, 2027. The filing also disclosed an estimated net asset value per share of $4.04 as of September 30, 2026. The program is discretionary and does not obligate the company to repurchase any shares.
Key Facts
- Board authorized up to $20 million in common share repurchases.
- Program effective through October 9, 2027, unless extended or terminated.
- Estimated NAV per share midpoint was $4.04 as of September 30, 2026.
- Repurchases are discretionary; no obligation to buy any shares.
Financial Impact
$20 million repurchase authorization, representing approximately 4.95 million shares at the $4.04 NAV midpoint.
Risk Factors
- Program may be suspended or terminated at any time.
- No guarantee any shares will be repurchased.
- Repurchase at prices above NAV could dilute book value per share.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-066048 |
| Document: 0001628280-26-066048-index-headers.html | 0001628280-26-066048 |
| Document: 0001628280-26-066048-index.html | 0001628280-26-066048 |
| Document: 0001628280-26-066048.txt | 0001628280-26-066048 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | EFFECT | $3.58 $3.63 | ▼ −1.40% | ▼ −1.92% | $3.63 (−1.40%) |
Oct 16, 2026 10d ago | 8-K | $3.46 $3.52 | ▲ +1.73% | ▲ +1.31% | $3.63 (+4.91%) |
Oct 7, 2026 19d ago | 8-K | $3.48 $3.55 | ▲ +2.01% | ▲ +2.43% | $3.63 (+4.31%) |
Jun 12, 2026 19w ago | EFFECT | $4.61 $4.52 | ▲ +1.95% | ▲ +3.72% | $3.63 (+21.26%) |
Mar 25, 2026 30w ago | EFFECT | $4.32 $4.40 | ▲ +1.74% | ▲ +3.51% | $3.63 (−16.05%) |
Mar 4, 2026 33w ago | 8-K | $4.74 $4.50 | ▲ +5.10% | ▲ +3.79% | $3.63 (+23.40%) |
Feb 28, 2026 34w ago | Institutional Cluster | $4.78 $4.88 | ▲ +2.15% | ▲ +3.06% | $3.63 (−24.02%) |
US Market Status
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