Deutsche Bank AG raised its holdings in shares of Ellington Financial Inc. (NYSE:EFC - Free Report) by 54.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,195 shares of the financial services provider's stock after purchasing an additional 24,046 shares during the period. Deutsche Bank AG owned 0.08% of Ellington Financial worth $827,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in EFC. Larson Financial Group LLC increased its position in shares of Ellington Financial by 18,200.0% during the fourth quarter. Larson Financial Group LLC now owns 2,562 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 2,548 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Ellington Financial by 162.3% during 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 increased its position in shares of Ellington Financial by 814.9% during the fourth quarter. Sterling Capital Management LLC now owns 2,644 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 2,355 shares in the last quarter. AlphaQuest LLC bought a new stake in shares of Ellington Financial during the fourth quarter valued at approximately $37,000. Finally, Motiv8 Investments LLC bought a new stake in shares of Ellington Financial during the fourth quarter valued at approximately $133,000. Institutional investors own 55.62% of the company's stock.
Ellington Financial Stock Performance
Shares of Ellington Financial stock traded down $0.27 on Friday, hitting $12.56. 1,065,274 shares of the company's stock were exchanged, compared to its average volume of 980,323. The company has a 50-day simple moving average of $12.68 and a 200-day simple moving average of $12.66. The stock has a market capitalization of $1.19 billion, a PE ratio of 9.59 and a beta of 1.01. Ellington Financial Inc. has a 1 year low of $11.12 and a 1 year high of $14.40. 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 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. The firm had revenue of $82.91 million for the quarter, compared to the consensus estimate of $107.06 million. Ellington Financial had a net margin of 106.40% and a return on equity of 10.26%. As a group, equities analysts anticipate that Ellington Financial Inc. will post 1.38 EPS for the current year.
Ellington Financial Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be issued a $0.13 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.56 dividend on an annualized basis and a yield of 12.42%. Ellington Financial's dividend payout ratio is currently 110.64%.
Analyst Ratings Changes
EFC has been the topic of several research reports. Keefe, Bruyette & Woods raised their target price on shares of Ellington Financial from $13.75 to $14.50 and gave the stock an "outperform" rating in a report on Monday, March 3rd. UBS Group restated a "neutral" rating on shares of Ellington Financial in a report on Wednesday, May 14th. Finally, B. Riley raised their target price on shares of Ellington Financial from $15.00 to $16.00 and gave the stock a "buy" rating in a report on Thursday, May 15th.
Get Our Latest Report on EFC
Ellington Financial Profile
(
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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