Ellington Financial Inc. (NYSE:EFC) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its holdings in shares of Ellington Financial Inc. (NYSE:EFC - Free Report) by 9.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 642,084 shares of the financial services provider's stock after purchasing an additional 55,778 shares during the period. Bank of New York Mellon Corp owned approximately 0.71% of Ellington Financial worth $7,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EFC. Prospera Private Wealth LLC acquired a new position in Ellington Financial in the third quarter valued at approximately $68,000. Intech Investment Management LLC acquired a new position in shares of Ellington Financial in the 3rd quarter valued at $695,000. Charles Schwab Investment Management Inc. boosted its holdings in Ellington Financial by 5.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 778,931 shares of the financial services provider's stock worth $10,040,000 after buying an additional 41,669 shares in the last quarter. Penserra Capital Management LLC grew its position in Ellington Financial by 22.9% during the third quarter. Penserra Capital Management LLC now owns 81,432 shares of the financial services provider's stock valued at $1,049,000 after buying an additional 15,190 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in Ellington Financial by 12.6% in the third quarter. BNP Paribas Financial Markets now owns 27,714 shares of the financial services provider's stock valued at $357,000 after buying an additional 3,096 shares in the last quarter. 55.62% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. B. Riley upgraded Ellington Financial to a "strong-buy" rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods boosted 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. Finally, JMP Securities reiterated a "market outperform" rating and set a $14.00 target price on shares of Ellington Financial in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $14.00.

Ellington Financial Price Performance

Shares of Ellington Financial stock traded down $0.02 during mid-day trading on Wednesday, reaching $13.42. 550,556 shares of the stock traded hands, compared to its average volume of 1,091,957. The business has a 50-day moving average of $12.90 and a 200 day moving average of $12.65. Ellington Financial Inc. has a fifty-two week low of $10.88 and a fifty-two week high of $14.40. The company has a quick ratio of 37.04, a current ratio of 37.04 and a debt-to-equity ratio of 10.87. The stock has a market capitalization of $1.22 billion, a PE ratio of 10.24 and a beta of 1.99.

Ellington Financial (NYSE:EFC - Get Free Report) last issued its earnings results on Thursday, February 27th. The financial services provider reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.07. Ellington Financial had a net margin of 106.40% and a return on equity of 10.26%. The business had revenue of $38.13 million during the quarter, compared to analysts' expectations of $112.88 million. On average, analysts predict that Ellington Financial Inc. will post 1.38 EPS for the current year.

Ellington Financial Announces Dividend

The business also recently disclosed a mar 25 dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a yield of 11.7%. Ellington Financial's payout ratio is 113.04%.

About Ellington Financial

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.