State Street Corp Purchases 124,943 Shares of Ellington Financial Inc. (NYSE:EFC)

State Street Corp lifted its holdings in Ellington Financial Inc. (NYSE:EFC - Free Report) by 4.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,140,371 shares of the financial services provider's stock after acquiring an additional 124,943 shares during the quarter. State Street Corp owned 3.46% of Ellington Financial worth $40,885,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in Ellington Financial by 5.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 778,931 shares of the financial services provider's stock valued at $10,040,000 after acquiring an additional 41,669 shares during the period. Van ECK Associates Corp lifted its position in Ellington Financial by 32.3% in the second quarter. Van ECK Associates Corp now owns 751,997 shares of the financial services provider's stock valued at $9,084,000 after purchasing an additional 183,544 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Ellington Financial by 146.5% during the third quarter. Harbor Capital Advisors Inc. now owns 726,779 shares of the financial services provider's stock valued at $9,368,000 after purchasing an additional 431,945 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Ellington Financial by 4.4% in the second quarter. Bank of New York Mellon Corp now owns 654,024 shares of the financial services provider's stock worth $7,901,000 after purchasing an additional 27,392 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Ellington Financial by 2.0% in the second quarter. Principal Financial Group Inc. now owns 419,249 shares of the financial services provider's stock worth $5,065,000 after buying an additional 8,088 shares during the period. Hedge funds and other institutional investors own 55.62% of the company's stock.

Insider Transactions at Ellington Financial

In other Ellington Financial news, CIO Michael W. Vranos sold 14,000 shares of the company's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $12.48, for a total value of $174,720.00. Following the completion of the transaction, the executive now directly owns 168,359 shares in the company, valued at approximately $2,101,120.32. This represents a 7.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.40% of the company's stock.

Ellington Financial Trading Up 0.7 %

NYSE:EFC traded up $0.08 during midday trading on Friday, reaching $12.13. 4,995,900 shares of the stock traded hands, compared to its average volume of 961,967. The stock has a market capitalization of $1.10 billion, a P/E ratio of 9.26 and a beta of 1.97. Ellington Financial Inc. has a 12 month low of $10.88 and a 12 month high of $13.46. The company has a debt-to-equity ratio of 10.87, a quick ratio of 37.04 and a current ratio of 37.04. The company has a fifty day moving average of $12.36 and a 200 day moving average of $12.57.

Ellington Financial (NYSE:EFC - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.36 by $0.04. The firm had revenue of $33.63 million during the quarter, compared to the consensus estimate of $37.95 million. Ellington Financial had a net margin of 106.40% and a return on equity of 10.26%. During the same period in the prior year, the firm posted $0.33 earnings per share. On average, research analysts predict that Ellington Financial Inc. will post 1.37 EPS for the current year.

Ellington Financial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, January 27th. Shareholders of record on Tuesday, December 31st will be issued a $0.13 dividend. This represents a $1.56 annualized dividend and a yield of 12.86%. The ex-dividend date of this dividend is Tuesday, December 31st. Ellington Financial's dividend payout ratio (DPR) is currently 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.