Michael Vranos - Ellington Residential Co-Chief Investment Officer and Trustee
| EARN Stock | USD 6.73 0.12 1.75% |
Executive
Mr. Michael W. Vranos is CoChief Investment Officer, Trustee of Ellington Residential Mortgage REIT. He was appointed as Trustee of the Company on May 1, 2013. Mr. Vranos is also the Chief Executive Officer and President of Ellington Residential Mortgage Management LLC, our external manager . Mr. Vranos also serves as CoChief Investment Officer and as a member of the Board of Directors of Ellington Financial LLC. Mr. Vranos is also the founder and Chief Executive Officer of EMG, which he founded in December of 1994 to capitalize on distressed conditions in the MBS derivatives market. Until December 1994, he was the Senior Managing Director of Kidder Peabody, in charge of RMBS trading since 2013.
| Age | 63 |
| Tenure | 11 years |
| Address | 53 Forest Avenue, Old Greenwich, CT, United States, 06870 |
| Phone | 203 698 1200 |
| Web | https://www.ellingtoncredit.com |
Michael Vranos Latest Insider Activity
Tracking and analyzing the buying and selling activities of Michael Vranos against Ellington Residential stock is an integral part of due diligence when investing in Ellington Residential. Michael Vranos insider activity provides valuable insight into whether Ellington Residential is net buyers or sellers over its current business cycle. Note, Ellington Residential insiders must abide by specific rules, including filing SEC forms every time they buy or sell Ellington Residential'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.
Michael Vranos over a month ago Disposition of 14000 shares by Michael Vranos of Ellington Financial at 12.479 subject to Rule 16b-3 |
Ellington Residential Management Efficiency
The company has return on total asset (ROA) of 0.0232 % which means that it generated a profit of $0.0232 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1388 %, meaning that it created $0.1388 on every $100 dollars invested by stockholders. Ellington Residential's management efficiency ratios could be used to measure how well Ellington Residential manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Ellington Residential's Return On Tangible Assets are very stable compared to the past year. As of the 29th of November 2024, Return On Assets is likely to grow to 0.01, though Return On Capital Employed is likely to grow to (0). At this time, Ellington Residential's Total Assets are very stable compared to the past year. As of the 29th of November 2024, Total Current Assets is likely to grow to about 104.9 M, while Non Current Assets Total are likely to drop about 1.4 B.Similar Executives
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Management Performance
| Return On Equity | 0.14 | ||||
| Return On Asset | 0.0232 |
Ellington Residential Leadership Team
Elected by the shareholders, the Ellington Residential's board of directors comprises two types of representatives: Ellington Residential inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ellington. The board's role is to monitor Ellington Residential's management team and ensure that shareholders' interests are well served. Ellington Residential's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ellington Residential's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Robert Allardice, Independent Chairman of the Board of Trustees | ||
| Daniel JD, General Counsel | ||
| Laurence Penn, President, Chief Executive Officer, Trustee | ||
| Jason Frank, Deputy Sec | ||
| Ronald Simon, Independent Trustee | ||
| David Miller, Independent Trustee | ||
| Christopher CPA, Chief Officer | ||
| J Herlihy, Chief Operating Officer, Treasurer | ||
| Mary Mcbride, Independent Trustee | ||
| Daniel Margolis, General Counsel | ||
| Mark Tecotzky, Co-Chief Investment Officer | ||
| Vincent Ambrico, Controller | ||
| Thomas Robards, Independent Chairman of the Board of Trustees | ||
| Christopher Smernoff, Chief Financial Officer | ||
| C Ike, Independent Trustee | ||
| Michael Vranos, Co-Chief Investment Officer and Trustee | ||
| AlaaelDeen Shilleh, Associate Secretary |
Ellington Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Ellington Residential a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.14 | ||||
| Return On Asset | 0.0232 | ||||
| Operating Margin | 0.43 % | ||||
| Current Valuation | 614.49 M | ||||
| Shares Outstanding | 28.8 M | ||||
| Shares Owned By Insiders | 1.58 % | ||||
| Shares Owned By Institutions | 23.80 % | ||||
| Number Of Shares Shorted | 666.91 K | ||||
| Price To Earning | 2.40 X | ||||
| Price To Book | 1.03 X |
Pair Trading with Ellington Residential
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ellington Residential position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ellington Residential will appreciate offsetting losses from the drop in the long position's value.Moving against Ellington Stock
| 0.49 | COF | Capital One Financial Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.47 | DFS | Discover Financial Fiscal Year End 15th of January 2025 | PairCorr |
| 0.46 | SYF | Synchrony Financial Fiscal Year End 28th of January 2025 | PairCorr |
| 0.43 | V | Visa Class A | PairCorr |
The ability to find closely correlated positions to Ellington Residential could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ellington Residential when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ellington Residential - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ellington Residential Mortgage to buy it.
The correlation of Ellington Residential is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ellington Residential moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ellington Residential moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ellington Residential can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ellington Residential Mortgage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Mortgage Real Estate Investment Trusts (REITs) space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ellington Residential. If investors know Ellington will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ellington Residential listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.185 | Dividend Share 0.96 | Earnings Share 1.27 | Revenue Per Share (0.92) | Quarterly Revenue Growth (0.78) |
The market value of Ellington Residential is measured differently than its book value, which is the value of Ellington that is recorded on the company's balance sheet. Investors also form their own opinion of Ellington Residential's value that differs from its market value or its book value, called intrinsic value, which is Ellington Residential's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ellington Residential's market value can be influenced by many factors that don't directly affect Ellington Residential's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ellington Residential's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ellington Residential is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ellington Residential's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.