B. Riley Has Bearish Estimate for EFC FY2025 Earnings

Ellington Financial Inc. (NYSE:EFC - Free Report) - Equities researchers at B. Riley reduced their FY2025 earnings per share (EPS) estimates for shares of Ellington Financial in a note issued to investors on Monday, April 21st. B. Riley analyst R. Binner now forecasts that the financial services provider will post earnings of $1.60 per share for the year, down from their previous estimate of $1.68. B. Riley currently has a "Strong-Buy" rating on the stock. The consensus estimate for Ellington Financial's current full-year earnings is $1.38 per share. B. Riley also issued estimates for Ellington Financial's FY2026 earnings at $1.70 EPS.

Ellington Financial (NYSE:EFC - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The financial services provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.38 by $0.07. The business had revenue of $38.13 million during the quarter, compared to analyst estimates of $112.88 million. Ellington Financial had a net margin of 106.40% and a return on equity of 10.26%.

A number of other analysts have also weighed in on EFC. Keefe, Bruyette & Woods upped their target price on shares of Ellington Financial from $13.75 to $14.50 and gave the stock an "outperform" rating in a research note on Monday, March 3rd. JMP Securities restated a "market outperform" rating and issued a $14.00 price objective on shares of Ellington Financial in a report on Thursday, January 23rd.

Ellington Financial Stock Up 1.6 %

Shares of NYSE EFC traded up $0.21 during mid-day trading on Wednesday, hitting $12.99. The company had a trading volume of 988,467 shares, compared to its average volume of 972,039. The company has a market capitalization of $1.18 billion, a PE ratio of 9.92 and a beta of 1.57. The business's 50-day simple moving average is $12.91 and its 200 day simple moving average is $12.58. Ellington Financial 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 current ratio of 37.04 and a quick ratio of 37.04.

Institutional Investors Weigh In On Ellington Financial

Several large investors have recently modified their holdings of EFC. Invesco Ltd. grew its position in Ellington Financial by 17.2% during the 4th 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 last quarter. Geode Capital Management LLC grew its stake in shares of Ellington Financial by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 2,008,827 shares of the financial services provider's stock valued at $24,353,000 after purchasing an additional 43,531 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Ellington Financial by 4.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,470,054 shares of the financial services provider's stock valued at $17,817,000 after purchasing an additional 67,807 shares during the period. Northern Trust Corp raised its stake in shares of Ellington Financial by 39.8% during the fourth quarter. Northern Trust Corp now owns 1,092,902 shares of the financial services provider's stock worth $13,246,000 after purchasing an additional 311,406 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Ellington Financial by 28.6% during the fourth quarter. Van ECK Associates Corp now owns 872,588 shares of the financial services provider's stock worth $10,576,000 after purchasing an additional 194,153 shares during the period. 55.62% of the stock is owned by institutional investors and hedge funds.

Ellington Financial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Wednesday, April 30th will be paid a $0.13 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 12.01%. The ex-dividend date is Wednesday, April 30th. Ellington Financial's dividend payout ratio is currently 113.04%.

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.