California State Teachers Retirement System Has $1.83 Million Stake in Ellington Financial Inc. $EFC

Key Points

• California State Teachers Retirement System nearly doubled its Ellington Financial stake in the first quarter, increasing holdings by 92.5% to 154,243 shares valued at approximately $1.83 million. Institutional investors collectively own 55.62% of the company.
• Analysts have a broadly neutral outlook: four firms rate EFC as a “Hold,” with an average price target of $13.50. The stock recently opened at $13.60, within its 12-month range of $11.27 to $14.12.
• Ellington Financial exceeded quarterly expectations, reporting earnings of $0.60 per share versus a $0.46 consensus estimate and revenue of $134.11 million. The company declared a monthly $0.13 dividend, implying an annualized yield of approximately 11.5%.

California State Teachers Retirement System raised its position in shares of Ellington Financial Inc. (NYSE:EFC - Free Report) by 92.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,243 shares of the financial services provider's stock after acquiring an additional 74,135 shares during the period. California State Teachers Retirement System owned approximately 0.12% of Ellington Financial worth $1,828,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Denali Advisors LLC boosted its stake in shares of Ellington Financial by 679.9% in the 4th quarter. Denali Advisors LLC now owns 88,133 shares of the financial services provider's stock worth $1,197,000 after buying an additional 76,833 shares during the last quarter. Artemis Investment Management LLP bought a new position in shares of Ellington Financial in the fourth quarter valued at approximately $2,654,000. Bank of New York Mellon Corp increased its position in shares of Ellington Financial by 13.6% during the first quarter. Bank of New York Mellon Corp now owns 810,885 shares of the financial services provider's stock valued at $9,609,000 after acquiring an additional 97,007 shares during the last quarter. Principal Financial Group Inc. increased its position 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 valued at $7,177,000 after acquiring an additional 94,625 shares during the last quarter. Finally, M&T Bank Corp lifted its holdings in Ellington Financial by 453.1% during the fourth quarter. M&T Bank Corp now owns 67,899 shares of the financial services provider's stock worth $922,000 after acquiring an additional 55,622 shares during the period. 55.62% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on EFC shares. Wall Street Zen raised Ellington Financial from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. BTIG Research lowered Ellington Financial from a "buy" rating to a "neutral" rating in a research report on Wednesday, June 17th. Zacks Research cut Ellington Financial from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 13th. Finally, Weiss Ratings raised shares of Ellington Financial from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, May 14th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $13.50.

Ellington Financial Stock Performance

NYSE:EFC opened at $13.60 on Thursday. The company has a current ratio of 52.06, a quick ratio of 42.65 and a debt-to-equity ratio of 10.39. The stock has a market capitalization of $1.71 billion, a PE ratio of 8.29 and a beta of 0.94. The firm's 50 day moving average is $13.50 and its 200 day moving average is $13.01. Ellington Financial Inc. has a 12 month low of $11.27 and a 12 month high of $14.12.

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

Ellington Financial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be given a dividend of $0.13 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date of this dividend is Monday, August 31st. 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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