Ellington Financial Inc. (NYSE:EFC) Shares Sold by Easterly Investment Partners LLC

Easterly Investment Partners LLC lowered its position in Ellington Financial Inc. (NYSE:EFC - Free Report) by 35.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,172,473 shares of the financial services provider's stock after selling 630,605 shares during the period. Ellington Financial makes up approximately 1.2% of Easterly Investment Partners LLC's investment portfolio, making the stock its 17th largest holding. Easterly Investment Partners LLC owned 1.35% of Ellington Financial worth $15,113,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Portside Wealth Group LLC boosted its position in Ellington Financial by 13.3% in the third quarter. Portside Wealth Group LLC now owns 14,415 shares of the financial services provider's stock valued at $186,000 after buying an additional 1,688 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in Ellington Financial by 146.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 726,779 shares of the financial services provider's stock worth $9,368,000 after purchasing an additional 431,945 shares in the last quarter. Global Retirement Partners LLC boosted its position in Ellington Financial by 2.0% in the 3rd quarter. Global Retirement Partners LLC now owns 47,814 shares of the financial services provider's stock worth $616,000 after purchasing an additional 919 shares in the last quarter. Members Trust Co purchased a new stake in Ellington Financial in the 3rd quarter worth approximately $129,000. Finally, Creative Planning purchased a new stake in Ellington Financial in the 3rd quarter worth approximately $141,000. Hedge funds and other institutional investors own 55.62% of the company's stock.

Analyst Ratings Changes

Separately, JMP Securities lowered their price objective on Ellington Financial from $14.50 to $14.00 and set a "market outperform" rating on the stock in a research report on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Ellington Financial presently has a consensus rating of "Moderate Buy" and an average price target of $13.56.

Insiders Place Their Bets

In other Ellington Financial news, CIO Michael W. Vranos sold 14,000 shares of Ellington Financial stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $12.48, for a total transaction of $174,720.00. Following the transaction, the executive now owns 168,359 shares of the company's stock, valued at $2,101,120.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 4.40% of the stock is currently owned by corporate insiders.

Ellington Financial Stock Up 0.0 %

Shares of NYSE EFC traded up $0.01 during midday trading on Friday, hitting $12.44. 1,282,789 shares of the company's stock were exchanged, compared to its average volume of 970,929. The company has a debt-to-equity ratio of 10.84, a current ratio of 73.16 and a quick ratio of 73.16. Ellington Financial Inc. has a twelve month low of $10.88 and a twelve month high of $13.46. The company has a market cap of $1.08 billion, a PE ratio of 9.53 and a beta of 1.99. The firm's fifty day simple moving average is $12.75 and its 200-day simple moving average is $12.48.

Ellington Financial (NYSE:EFC - Get Free Report) last issued its earnings results on Tuesday, August 6th. The financial services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). Ellington Financial had a return on equity of 9.76% and a net margin of 103.55%. The business had revenue of $33.60 million for the quarter, compared to analyst estimates of $37.20 million. During the same period last year, the business posted $0.38 EPS. Research analysts predict that Ellington Financial Inc. will post 1.37 EPS for the current fiscal year.

Ellington Financial Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Friday, November 29th will be given a dividend of $0.13 per share. This represents a $1.56 annualized dividend and a yield of 12.55%. The ex-dividend date of this dividend is Friday, November 29th. Ellington Financial's dividend payout ratio (DPR) is 119.08%.

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.