MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $17.82 Million Holdings in Ellington Financial Inc. (NYSE:EFC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Ellington Financial Inc. (NYSE:EFC - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,470,054 shares of the financial services provider's stock after purchasing an additional 67,807 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 1.62% of Ellington Financial worth $17,817,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Delphi Financial Group Inc. acquired a new position in Ellington Financial in the 4th quarter worth $4,704,000. Charles Schwab Investment Management Inc. lifted its position in Ellington Financial by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 821,024 shares of the financial services provider's stock worth $9,951,000 after buying an additional 42,093 shares in the last quarter. Sigma Planning Corp bought a new stake in Ellington Financial during the 4th quarter worth about $664,000. JPMorgan Chase & Co. lifted its position in Ellington Financial by 48.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 231,543 shares of the financial services provider's stock worth $2,985,000 after buying an additional 75,143 shares in the last quarter. Finally, Angel Oak Capital Advisors LLC bought a new stake in Ellington Financial during the 4th quarter worth about $1,445,000. 55.62% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. B. Riley boosted their price target on shares of Ellington Financial from $15.00 to $16.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. JMP Securities reissued a "market outperform" rating and set a $14.00 price target on shares of Ellington Financial in a research report on Thursday, January 23rd. UBS Group reissued a "neutral" rating on shares of Ellington Financial in a research report on Wednesday, May 14th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Ellington Financial from $13.75 to $14.50 and gave the stock an "outperform" rating in a research report on Monday, March 3rd.

Ellington Financial Stock Performance

Shares of EFC stock traded down $0.18 on Wednesday, reaching $12.87. The stock had a trading volume of 286,231 shares, compared to its average volume of 973,902. The company has a quick ratio of 37.04, a current ratio of 37.04 and a debt-to-equity ratio of 10.87. The firm's 50-day moving average is $12.79 and its two-hundred day moving average is $12.64. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 9.81 and a beta of 1.01. Ellington Financial Inc. has a 12 month low of $11.12 and a 12 month high of $14.40.

Ellington Financial (NYSE:EFC - Get Free Report) last issued its earnings results on Wednesday, May 7th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. The company had revenue of $82.91 million for the quarter, compared to analysts' expectations of $107.06 million. Ellington Financial had a net margin of 106.40% and a return on equity of 10.26%. On average, research analysts expect that Ellington Financial Inc. will post 1.38 EPS for the current fiscal year.

Ellington Financial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid a $0.13 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.56 dividend on an annualized basis and a yield of 12.13%. Ellington Financial's dividend payout ratio (DPR) is currently 110.64%.

Ellington Financial Profile

Ellington Financial Inc, through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. The company acquires and manages residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, manufactured housing, and subprime mortgage; RMBS for which the principal and interest payments are guaranteed by the U.S.