GAMMA Investing LLC grew its position in Ellington Financial Inc. (NYSE:EFC - Free Report) by 4,459.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,648 shares of the financial services provider's stock after purchasing an additional 62,252 shares during the quarter. GAMMA Investing LLC owned approximately 0.07% of Ellington Financial worth $844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of EFC. Invesco Ltd. increased its stake in Ellington Financial by 17.2% in the fourth quarter. Invesco Ltd. now owns 2,364,583 shares of the financial services provider's stock worth $28,659,000 after purchasing an additional 347,587 shares during the period. Geode Capital Management LLC grew its position in shares of Ellington Financial by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 2,008,827 shares of the financial services provider's stock worth $24,353,000 after buying an additional 43,531 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Ellington Financial by 4.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,470,054 shares of the financial services provider's stock worth $17,817,000 after buying an additional 67,807 shares in the last quarter. Northern Trust Corp grew its position in shares of Ellington Financial by 39.8% during the 4th quarter. Northern Trust Corp now owns 1,092,902 shares of the financial services provider's stock worth $13,246,000 after buying an additional 311,406 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Ellington Financial by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 821,024 shares of the financial services provider's stock worth $9,951,000 after buying an additional 42,093 shares in the last quarter. 55.62% of the stock is owned by hedge funds and other institutional investors.
Ellington Financial Stock Down 1.4%
Shares of EFC opened at $12.67 on Wednesday. The company has a current ratio of 42.26, a quick ratio of 42.26 and a debt-to-equity ratio of 11.11. Ellington Financial Inc. has a 12 month low of $11.12 and a 12 month high of $14.40. The stock's 50 day moving average is $12.69 and its two-hundred day moving average is $12.70. The firm has a market cap of $1.20 billion, a P/E ratio of 8.98 and a beta of 0.99.
Ellington Financial (NYSE:EFC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. Ellington Financial had a return on equity of 12.06% and a net margin of 101.59%. The firm had revenue of $82.91 million during the quarter, compared to analysts' expectations of $107.06 million. Analysts predict that Ellington Financial Inc. will post 1.38 earnings per share for the current fiscal year.
Ellington Financial Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be given a $0.13 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.56 dividend on an annualized basis and a yield of 12.32%. Ellington Financial's dividend payout ratio is currently 110.64%.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on EFC. B. Riley raised their price objective on Ellington Financial from $15.00 to $16.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. UBS Group reaffirmed a "neutral" rating on shares of Ellington Financial in a research report on Wednesday, May 14th. Finally, Keefe, Bruyette & Woods raised their price objective on Ellington Financial from $13.75 to $14.50 and gave the company an "outperform" rating in a research report on Monday, March 3rd.
Read Our Latest Stock Report on Ellington Financial
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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