D. E. Shaw & Co. Inc. bought a new stake in shares of Ellington Financial Inc. (NYSE:EFC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 21,762 shares of the financial services provider's stock, valued at approximately $264,000.
Other hedge funds have also recently made changes to their positions in the company. Larson Financial Group LLC lifted its holdings in shares of Ellington Financial by 18,200.0% in the 4th quarter. Larson Financial Group LLC now owns 2,562 shares of the financial services provider's stock worth $31,000 after buying an additional 2,548 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in shares of Ellington Financial by 162.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,602 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 1,610 shares in the last quarter. Sterling Capital Management LLC lifted its stake in Ellington Financial by 814.9% in the fourth quarter. Sterling Capital Management LLC now owns 2,644 shares of the financial services provider's stock worth $32,000 after acquiring an additional 2,355 shares during the period. AlphaQuest LLC bought a new position in Ellington Financial during the 4th quarter worth about $37,000. Finally, Motiv8 Investments LLC bought a new position in Ellington Financial during the 4th quarter worth about $133,000. 55.62% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
EFC has been the subject of several recent research reports. UBS Group restated a "neutral" rating on shares of Ellington Financial in a report on Wednesday, May 14th. Keefe, Bruyette & Woods boosted their price objective on shares of Ellington Financial from $13.75 to $14.50 and gave the stock an "outperform" rating in a research note on Monday, March 3rd. Finally, B. Riley upped their target price on Ellington Financial from $15.00 to $16.00 and gave the stock a "buy" rating in a report on Thursday, May 15th.
Check Out Our Latest Report on Ellington Financial
Ellington Financial Stock Down 2.1%
EFC traded down $0.27 on Friday, hitting $12.56. The company had a trading volume of 1,065,274 shares, compared to its average volume of 980,173. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 9.59 and a beta of 1.01. The company has a debt-to-equity ratio of 10.87, a quick ratio of 37.04 and a current ratio of 37.04. The stock has a fifty day moving average price of $12.69 and a 200-day moving average price of $12.66. 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 quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. Ellington Financial had a return on equity of 10.26% and a net margin of 106.40%. The firm had revenue of $82.91 million during the quarter, compared to analyst estimates of $107.06 million. Analysts predict that Ellington Financial Inc. will post 1.38 EPS for the current fiscal year.
Ellington Financial Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be given a dividend of $0.13 per share. This represents a $1.56 annualized dividend and a yield of 12.42%. The ex-dividend date is Friday, May 30th. Ellington Financial's dividend payout ratio is presently 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.
Further Reading
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