Rep. Virginia Foxx Buys Ellington Financial Inc. (NYSE:EFC) Shares

Representative Virginia Foxx (R-North Carolina) recently bought shares of Ellington Financial Inc. NYSE: EFC. In a filing disclosed on July 03rd, the Representative disclosed that they had bought between $1,001 and $15,000 in Ellington Financial stock on June 30th.

Representative Virginia Foxx also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Energy Transfer NYSE: ET on 6/24/2025.
• Sold $1,001 - $15,000 in shares of Bristol Myers Squibb NYSE: BMY on 6/24/2025.
• Purchased $1,001 - $15,000 in shares of Hercules Capital NYSE: HTGC on 5/20/2025.
• Purchased $1,001 - $15,000 in shares of Alliance Resource Partners NASDAQ: ARLP on 5/15/2025.

Ellington Financial Stock Down 0.9%

Shares of EFC stock traded down $0.12 on Friday, hitting $13.12. The company's stock had a trading volume of 861,579 shares, compared to its average volume of 969,268. The company has a debt-to-equity ratio of 11.11, a current ratio of 42.26 and a quick ratio of 42.26. Ellington Financial Inc. has a fifty-two week low of $11.12 and a fifty-two week high of $14.40. The firm's fifty day moving average price is $12.93 and its 200-day moving average price is $12.82. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 9.30 and a beta of 0.98.

Ellington Financial (NYSE:EFC - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. Ellington Financial had a net margin of 101.59% and a return on equity of 12.06%. The business had revenue of $82.91 million during the quarter, compared to analyst estimates of $107.06 million. Research analysts anticipate that Ellington Financial Inc. will post 1.38 EPS for the current year.

Ellington Financial Announces Dividend

The firm also recently disclosed a jul 25 dividend, which will be paid on Friday, August 29th. Investors of record on Thursday, July 31st will be paid a $0.13 dividend. This represents a dividend yield of 11.8%. The ex-dividend date of this dividend is Thursday, July 31st. Ellington Financial's payout ratio is presently 110.64%.

Wall Street Analyst Weigh In

Several brokerages recently commented on EFC. Piper Sandler dropped their target price on shares of Ellington Financial from $15.00 to $14.50 and set an "overweight" rating on the stock in a report on Tuesday, July 1st. B. Riley lifted 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. Finally, UBS Group lifted their target price on shares of Ellington Financial from $12.00 to $12.50 and gave the stock a "neutral" rating in a report on Thursday, July 10th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $14.30.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EFC. Larson Financial Group LLC increased its holdings in shares of Ellington Financial by 18,200.0% during the 4th quarter. Larson Financial Group LLC now owns 2,562 shares of the financial services provider's stock worth $31,000 after purchasing an additional 2,548 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in shares of Ellington Financial by 162.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,602 shares of the financial services provider's stock worth $32,000 after purchasing an additional 1,610 shares during the period. Sterling Capital Management LLC increased its holdings in shares of Ellington Financial by 814.9% during the 4th quarter. Sterling Capital Management LLC now owns 2,644 shares of the financial services provider's stock worth $32,000 after purchasing an additional 2,355 shares during the period. AlphaQuest LLC bought a new position in shares of Ellington Financial during the 4th quarter worth about $37,000. Finally, State of Wyoming bought a new stake in Ellington Financial in the fourth quarter valued at about $56,000. Institutional investors own 55.62% of the company's stock.

About Representative Foxx

Virginia Foxx (Republican Party) is a member of the U.S. House, representing North Carolina's 5th Congressional District. She assumed office on January 3, 2005. Her current term ends on January 3, 2027. Foxx (Republican Party) ran for re-election to the U.S. House to represent North Carolina's 5th Congressional District. She won in the general election on November 5, 2024. Foxx was born in New York, New York. She earned a B.A. and M.A.C.T. from the University of North Carolina, Chapel Hill, in 1968 and 1972, respectively, and an Ed.D. from the University of North Carolina, Greensboro, in 1985. Foxx worked as an instructor at Caldwell Community College in Hudson, NC, and an instructor and assistant dean at Appalachian State University in Boone, NC. She owned a landscape nursery and served as Deputy Secretary for Management at the North Carolina Department of Administration.

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.