Ellington Financial Inc. $EFC Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its position in Ellington Financial Inc. (NYSE:EFC - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,387,881 shares of the financial services provider's stock after selling 82,173 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 1.47% of Ellington Financial worth $18,403,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in EFC. State of Wyoming purchased a new stake in shares of Ellington Financial in the fourth quarter valued at $56,000. GAMMA Investing LLC raised its stake in shares of Ellington Financial by 243.8% in the first quarter. GAMMA Investing LLC now owns 4,800 shares of the financial services provider's stock valued at $64,000 after acquiring an additional 3,404 shares during the period. Versant Capital Management Inc raised its stake in shares of Ellington Financial by 1,824.5% in the first quarter. Versant Capital Management Inc now owns 5,581 shares of the financial services provider's stock valued at $74,000 after acquiring an additional 5,291 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Ellington Financial by 99.4% in the first quarter. Russell Investments Group Ltd. now owns 9,918 shares of the financial services provider's stock valued at $132,000 after acquiring an additional 4,944 shares during the period. Finally, WealthTrust Axiom LLC purchased a new stake in shares of Ellington Financial in the first quarter valued at $138,000. Hedge funds and other institutional investors own 55.62% of the company's stock.

Analyst Ratings Changes

EFC has been the topic of several recent analyst reports. Jones Trading raised shares of Ellington Financial from a "hold" rating to a "buy" rating and set a $14.25 target price on the stock in a research note on Wednesday, August 13th. Piper Sandler reduced their price target on shares of Ellington Financial from $15.00 to $14.50 and set an "overweight" rating on the stock in a research note on Tuesday, July 1st. Zacks Research raised shares of Ellington Financial to a "strong-buy" rating in a research note on Tuesday, August 12th. Finally, UBS Group raised their target price on shares of Ellington Financial from $12.50 to $13.50 and gave the company a "neutral" rating in a research report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $14.46.

Ellington Financial Stock Down 0.8%

NYSE EFC traded down $0.11 during trading on Friday, reaching $13.43. 1,203,794 shares of the company's stock traded hands, compared to its average volume of 1,290,635. The company's 50 day simple moving average is $13.38 and its two-hundred day simple moving average is $13.06. The company has a debt-to-equity ratio of 10.96, a current ratio of 46.78 and a quick ratio of 46.78. Ellington Financial Inc. has a 12-month low of $11.12 and a 12-month high of $14.40. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 10.83 and a beta of 1.00.

Ellington Financial (NYSE:EFC - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.07. The firm had revenue of $92.54 million for the quarter, compared to the consensus estimate of $112.48 million. Ellington Financial had a net margin of 89.52% and a return on equity of 13.56%. As a group, sell-side analysts forecast that Ellington Financial Inc. will post 1.38 EPS for the current fiscal year.

Ellington Financial Dividend Announcement

The business also recently announced a sep 25 dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a $0.13 dividend. The ex-dividend date is Tuesday, September 30th. This represents a yield of 1,140.0%. Ellington Financial's dividend payout ratio (DPR) is 125.81%.

Ellington Financial Company Profile

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.