The estimated Net Worth of Michael W Vranos is at least $1.51 Million dollars as of 2 July 2024. Mr. Vranos owns over 5,900 units of Ellington Credit Co stock worth over $1,241,416 and over the last 13 years he sold EARN stock worth over $272,866. In addition, he makes $0 as Co-Chief Investment Officer and Trustee at Ellington Credit Co.
Michael has made over 30 trades of the Ellington Credit Co stock since 2011, according to the Form 4 filled with the SEC. Most recently he sold 5,900 units of EARN stock worth $71,508 on 2 July 2024.
The largest trade he's ever made was buying 500,000 units of Ellington Credit Co stock on 14 November 2013 worth over $11,640,000. On average, Michael trades about 19,006 units every 113 days since 2011. As of 2 July 2024 he still owns at least 179,655 units of Ellington Credit Co stock.
You can see the complete history of Mr. Vranos stock trades at the bottom of the page.
Michael W. Vranos serves as Co-Chief Investment Officer, Trustee of the Company. Mr. Vranos is also the Chief Executive Officer and President of our Manager. Mr. Vranos also serves as Co-Chief Investment Officer of EFC and was a director of EFC from its inception in 2007 until August 2018. 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 mortgage-backed securities, or "MBS," derivatives market. Until December 1994, he was the Senior Managing Director of Kidder Peabody, in charge of residential mortgage-backed securities, or "RMBS," trading. Mr. Vranos graduated magna cum laude, Phi Beta Kappa with a B.A. in Mathematics from Harvard University. Our Board believes that Mr. Vranos' operational experience as Co-Chief Investment Officer of our Company, trading and market expertise and, in particular, his extensive experience in the mortgage securities business, give him the qualifications and skills to serve as a trustee of our Company.
Michael Vranos is 58, he's been the Co-Chief Investment Officer and Trustee of Ellington Credit Co since 2013. There are 7 older and 8 younger executives at Ellington Credit Co. The oldest executive at Ellington Credit Co. is Ronald Simon, 81, who is the Independent Trustee.
Michael's mailing address filed with the SEC is 53 FOREST AVENUE, , OLD GREENWICH, CT, 06870.
Over the last 12 years, insiders at Ellington Credit Co have traded over $34,240,000 worth of Ellington Credit Co stock and bought 975,373 units worth $11,047,744 . The most active insiders traders include Holdings Iii L.P.Blackstone..., Michael W Vranos, and Laurence Penn. On average, Ellington Credit Co executives and independent directors trade stock every 49 days with the average trade being worth of $420,404. The most recent stock trade was executed by Holdings Iii L.P.Blackstone... on 17 June 2021, trading 2,675,000 units of EARN stock currently worth $34,240,000.
ellington residential mortgage reit, a real estate investment trust, specializes in acquiring, investing in, and managing residential mortgage-and real estate-related assets. it acquires and manages residential mortgage-backed securities (rmbs), including agency pools and agency collateralized mortgage obligations (cmos); and non-agency rmbs comprising non-agency cmos, such as investment grade and non-investment grade. the company has elected to be taxed as a real estate investment trust. as a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. ellington residential mortgage reit was founded in 2012 and is based in old greenwich, connecticut.
Ellington Credit Co executives and other stock owners filed with the SEC include: