Bank of New York Mellon Corp Purchases Shares of 818,015 Ellington Financial Inc. $EFC

Bank of New York Mellon Corp acquired a new position in shares of Ellington Financial Inc. (NYSE:EFC - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 818,015 shares of the financial services provider's stock, valued at approximately $11,133,000. Bank of New York Mellon Corp owned about 0.65% of Ellington Financial at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Denali Advisors LLC lifted its position in Ellington Financial by 679.9% during the 4th quarter. Denali Advisors LLC now owns 88,133 shares of the financial services provider's stock valued at $1,197,000 after purchasing an additional 76,833 shares during the period. California State Teachers Retirement System boosted its position in shares of Ellington Financial by 92.5% in the 1st quarter. California State Teachers Retirement System now owns 154,243 shares of the financial services provider's stock worth $1,828,000 after purchasing an additional 74,135 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Ellington Financial by 234.3% in the 1st quarter. Bank of America Corp DE now owns 537,199 shares of the financial services provider's stock worth $6,366,000 after purchasing an additional 376,528 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Ellington Financial by 18.5% during the first quarter. Principal Financial Group Inc. now owns 605,681 shares of the financial services provider's stock worth $7,177,000 after purchasing an additional 94,625 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Ellington Financial in the first quarter valued at about $1,284,000. 55.62% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EFC has been the topic of several recent analyst reports. UBS Group lifted their price objective on Ellington Financial from $14.00 to $14.50 and gave the company a "neutral" rating in a report on Wednesday, August 19th. Weiss Ratings reiterated a "hold (c)" rating on shares of Ellington Financial in a report on Tuesday, August 11th. BTIG Research downgraded shares of Ellington Financial from a "buy" rating to a "neutral" rating in a research report on Wednesday, June 17th. Zacks Research downgraded shares of Ellington Financial from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 13th. Finally, Wall Street Zen upgraded shares of Ellington Financial from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $14.50.

Ellington Financial Stock Performance

NYSE EFC opened at $13.35 on Thursday. The stock has a market cap of $1.72 billion, a PE ratio of 8.14 and a beta of 0.94. The company has a debt-to-equity ratio of 10.39, a quick ratio of 52.06 and a current ratio of 52.06. The firm has a 50-day moving average of $13.51 and a 200-day moving average of $13.06. Ellington Financial Inc. has a 52-week low of $11.27 and a 52-week high of $14.12.

Ellington Financial (NYSE:EFC - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The financial services provider reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.14. Ellington Financial had a return on equity of 16.61% and a net margin of 52.43%.The firm had revenue of $134.11 million for the quarter, compared to analyst estimates of $114.59 million. On average, sell-side analysts anticipate that Ellington Financial Inc. will post 2.13 EPS for the current year.

Ellington Financial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 11.7%. Ellington Financial's dividend payout ratio is currently 95.12%.

Ellington Financial Profile

Ellington Financial, Inc NYSE: EFC is a mortgage real estate investment trust (REIT) that focuses on generating attractive risk-adjusted returns through investments in residential and commercial mortgage-related assets. Established in 2013, the company is externally managed by Ellington Financial Management, L.P., a subsidiary of Ellington Management Group, an alternative asset management firm. EFC's core strategy centers on actively acquiring and managing agency and non-agency residential mortgage-backed securities (MBS), mortgage servicing rights, residential whole loans, and other structured finance instruments, including asset-backed securities and commercial mortgage-backed securities (CMBS).

The company employs leverage and structured financing tools—such as repurchase agreements and secured credit facilities—to enhance portfolio yield while maintaining focus on risk mitigation.

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