Ellington Credit Co (EARN) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
EARN currently has 34.8M outstanding shares. with significant dilution risk as 21.9M authorized shares could dilute existing holders by 62.9%. The company has significantly diluted shareholders by 59.0% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Jun 23, 2025 |
10-K filing | 34.8M shares outstanding |
35M | 22M |
| Mar 31, 2025 |
10-K filing | 29.7M shares outstanding |
30M | 27M |
| Dec 09, 2024 |
8-K filing: Ellington Credit Company issued 1,000 Series A Preferred Shares to Ellington Credit Company Management LLC for an aggregate purchase price of $1,000 on December 9, 2024. ($0.0M proceeds) |
26M | 31M |
| Nov 14, 2024 |
10-Q filing | 25.6M shares outstanding |
26M | 31M |
| Aug 14, 2024 |
10-Q filing | 20.4M shares outstanding |
20M | 36M |
| May 15, 2024 |
10-Q filing | 19.5M shares outstanding |
20M | 37M |
| Mar 12, 2024 |
10-K filing | 18.6M shares outstanding |
19M | 38M |
| Nov 14, 2023 |
10-Q filing | 15.2M shares outstanding |
15M | 42M |
| Nov 01, 2023 |
S-3/A filing: Ellington Residential Mortgage REIT may offer and sell, from time to time, up to an aggregate of $500,000,000 of its common shares, preferred shares, debt securities, warrants, depositary shares, rights, and units in one or more offerings. |
14M | 43M |
| Oct 25, 2023 |
S-3 filing: Ellington Residential Mortgage REIT may offer and sell, from time to time, up to an aggregate of $500,000,000 of its common shares of beneficial interest, preferred shares of beneficial interest, debt securities, warrants, depositary shares, rights, and units in one or more offerings. |
14M | 43M |
| Aug 14, 2023 |
10-Q filing | 13.9M shares outstanding |
14M | 43M |
| May 15, 2023 |
10-Q filing | 13.7M shares outstanding |
14M | 43M |
| Mar 10, 2023 |
10-K filing | 13.2M shares outstanding |
13M | 44M |
| Nov 14, 2022 |
10-Q filing | 13.1M shares outstanding |
13M | 44M |
| Aug 12, 2022 |
10-Q filing | 13.1M shares outstanding |
13M | 44M |
| May 13, 2022 |
10-Q filing | 13.1M shares outstanding |
13M | 44M |
| Mar 11, 2022 |
10-K filing | 12.7M shares outstanding |
13M | 44M |
| Nov 05, 2021 |
10-Q filing | 12.9M shares outstanding |
13M | 44M |
| Aug 11, 2021 |
10-Q filing | 12.4M shares outstanding |
12M | 44M |
| Jun 21, 2021 |
8-K filing: Ellington Residential Mortgage REIT and Blackstone Tactical Opportunities EARN Holdings L.L.C. entered into an underwriting agreement for a public offering of 3,737,500 common shares, with the Company selling 575,000 shares and Blackstone selling 2,675,000 shares. |
12M | 44M |
| May 10, 2021 |
10-Q filing | 12.3M shares outstanding |
12M | 44M |
| Apr 26, 2021 |
S-3 filing: This is an S-3 filing for a secondary offering of common stock by selling shareholders. |
12M | 44M |
| Mar 16, 2021 |
10-K filing | 12.4M shares outstanding |
12M | 41M |
| Dec 04, 2020 |
S-3 filing: Ellington Residential Mortgage REIT may offer and sell, from time to time, up to an aggregate of $500,000,000 of various securities, including common shares, preferred shares, debt securities, warrants, depositary shares, rights, and units, in one or more offerings. |
12M | 41M |
| Nov 09, 2020 |
10-Q filing | 12.3M shares outstanding |
12M | 0 |
| Aug 07, 2020 |
10-Q filing | 12.3M shares outstanding |
12M | 0 |
| May 11, 2020 |
10-Q filing | 12.4M shares outstanding |
12M | 0 |
| Mar 12, 2020 |
10-K filing | 12.5M shares outstanding |
12M | 0 |