Castlekeep Investment Advisors LLC bought a new stake in Ellington Financial Inc. (NYSE:EFC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 133,090 shares of the financial services provider's stock, valued at approximately $1,613,000. Castlekeep Investment Advisors LLC owned approximately 0.15% of Ellington Financial at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the company. Delphi Financial Group Inc. acquired a new stake in Ellington Financial in the fourth quarter valued at $4,704,000. Invesco Ltd. raised its holdings in shares of Ellington Financial by 17.2% in the 4th quarter. Invesco Ltd. now owns 2,364,583 shares of the financial services provider's stock valued at $28,659,000 after purchasing an additional 347,587 shares during the period. Northern Trust Corp lifted its stake in Ellington Financial by 39.8% in the 4th quarter. Northern Trust Corp now owns 1,092,902 shares of the financial services provider's stock valued at $13,246,000 after purchasing an additional 311,406 shares during the last quarter. GraniteShares Advisors LLC bought a new position in Ellington Financial during the fourth quarter worth about $2,462,000. Finally, Strategic Financial Concepts LLC increased its position in Ellington Financial by 1,030.8% during the fourth quarter. Strategic Financial Concepts LLC now owns 219,372 shares of the financial services provider's stock worth $2,659,000 after buying an additional 199,972 shares during the last quarter. 55.62% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the company. B. Riley increased their price target on Ellington Financial from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Keefe, Bruyette & Woods increased their price objective on Ellington Financial from $13.75 to $14.50 and gave the stock an "outperform" rating in a research report on Monday, March 3rd. Finally, UBS Group reiterated a "neutral" rating on shares of Ellington Financial in a research report on Wednesday, May 14th.
Check Out Our Latest Stock Report on EFC
Ellington Financial Stock Up 0.8%
Shares of NYSE EFC traded up $0.11 during trading on Thursday, hitting $12.85. 369,716 shares of the company traded hands, compared to its average volume of 977,442. Ellington Financial Inc. has a fifty-two week low of $11.12 and a fifty-two week high of $14.40. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 9.79 and a beta of 1.01. The business's fifty day moving average is $12.71 and its 200 day moving average is $12.66. The company has a debt-to-equity ratio of 10.87, a quick ratio of 37.04 and a current ratio of 37.04.
Ellington Financial (NYSE:EFC - Get Free Report) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 10.26% and a net margin of 106.40%. Equities research analysts predict that Ellington Financial Inc. will post 1.38 earnings per share for the current fiscal year.
Ellington Financial Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be issued a $0.13 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 12.14%. The ex-dividend date of this dividend is Friday, May 30th. Ellington Financial's payout ratio is currently 110.64%.
Ellington Financial Company Profile
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Free Report)
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.
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