Barclays PLC increased its stake in Ellington Financial Inc. (NYSE:EFC - Free Report) by 230.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 138,440 shares of the financial services provider's stock after purchasing an additional 96,525 shares during the period. Barclays PLC owned approximately 0.15% of Ellington Financial worth $1,784,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of EFC. Louisiana State Employees Retirement System lifted its stake in Ellington Financial by 8.9% during the second quarter. Louisiana State Employees Retirement System now owns 42,800 shares of the financial services provider's stock worth $517,000 after purchasing an additional 3,500 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in 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 buying an additional 27,392 shares in the last quarter. Principal Financial Group Inc. boosted its stake in 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 in the last quarter. Maryland State Retirement & Pension System grew its position in Ellington Financial by 3.6% during the second quarter. Maryland State Retirement & Pension System now owns 29,651 shares of the financial services provider's stock valued at $358,000 after acquiring an additional 1,043 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Ellington Financial by 32.3% during the second quarter. Van ECK Associates Corp now owns 751,997 shares of the financial services provider's stock worth $9,084,000 after acquiring an additional 183,544 shares in the last quarter. 55.62% of the stock is owned by hedge funds and other institutional investors.
Ellington Financial Trading Down 0.5 %
Shares of EFC traded down $0.06 during mid-day trading on Friday, reaching $12.18. The company's stock had a trading volume of 844,269 shares, compared to its average volume of 957,690. The company has a current ratio of 37.04, a quick ratio of 37.04 and a debt-to-equity ratio of 10.87. Ellington Financial Inc. has a 52 week low of $10.88 and a 52 week high of $13.46. The company's fifty day moving average price is $12.31 and its two-hundred day moving average price is $12.58. The stock has a market cap of $1.10 billion, a PE ratio of 9.30 and a beta of 1.97.
Ellington Financial (NYSE:EFC - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.04. The business 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 previous year, the firm posted $0.33 earnings per share. On average, analysts predict that Ellington Financial Inc. will post 1.37 earnings per share for the current fiscal year.
Ellington Financial Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Monday, January 27th. Investors of record on Tuesday, December 31st will be given a dividend of $0.13 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.56 annualized dividend and a yield of 12.81%. Ellington Financial's payout ratio is 119.08%.
Insiders Place Their Bets
In other Ellington Financial news, CIO Michael W. Vranos sold 14,000 shares of the firm'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 sale, the executive now owns 168,359 shares of the company's stock, valued at $2,101,120.32. This trade represents a 7.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.40% of the company's stock.
About Ellington Financial
(
Free Report)
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.
Further Reading
Before you consider Ellington Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ellington Financial wasn't on the list.
While Ellington Financial currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
