Deutsche Bank AG purchased a new stake in shares of Ellington Financial Inc. (NYSE:EFC - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 127,803 shares of the financial services provider's stock, valued at approximately $1,739,000. Deutsche Bank AG owned approximately 0.10% of Ellington Financial at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. HBK Sorce Advisory LLC bought a new position in shares of Ellington Financial in the 2nd quarter worth about $703,000. Global Retirement Partners LLC acquired a new stake in Ellington Financial during the second quarter worth about $72,000. Bank of New York Mellon Corp acquired a new position in Ellington Financial in the second quarter valued at approximately $11,133,000. State of Wyoming bought a new position in shares of Ellington Financial during the second quarter valued at approximately $72,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Ellington Financial in the 2nd quarter worth approximately $468,000. Institutional investors own 55.62% of the company's stock.
Ellington Financial Stock Performance
NYSE:EFC opened at $13.58 on Friday. The company has a 50-day moving average of $13.52 and a 200-day moving average of $13.05. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 8.28 and a beta of 0.94. The company has a current ratio of 52.06, a quick ratio of 52.06 and a debt-to-equity ratio of 10.39. Ellington Financial Inc. has a twelve month low of $11.27 and a twelve month high of $14.12.
Ellington Financial (NYSE:EFC - Get Free Report) last released its earnings results on Thursday, August 6th. The financial services provider reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.14. Ellington Financial had a net margin of 52.43% and a return on equity of 16.61%. The business had revenue of $134.11 million for the quarter, compared to the consensus estimate of $114.59 million. Analysts forecast that Ellington Financial Inc. will post 2.13 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 Wednesday, September 30th. Shareholders of record on Monday, August 31st will be issued a $0.13 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 11.5%. Ellington Financial's dividend payout ratio is currently 95.12%.
Analysts Set New Price Targets
A number of research firms recently issued reports on EFC. UBS Group boosted their price objective on Ellington Financial from $14.00 to $14.50 and gave the company a "neutral" rating in a research report on Wednesday, August 19th. Zacks Research lowered shares of Ellington Financial from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 13th. Wall Street Zen raised shares of Ellington Financial from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. BTIG Research downgraded shares of Ellington Financial from a "buy" rating to a "neutral" rating in a research report on Wednesday, June 17th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Ellington Financial in a research note on Tuesday, August 11th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $14.50.
Check Out Our Latest Analysis on EFC
Ellington Financial Company Profile
(
Free Report)
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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