Charles Schwab Investment Management Inc. raised its stake in Ellington Financial Inc. (NYSE:EFC - Free Report) by 5.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 821,024 shares of the financial services provider's stock after buying an additional 42,093 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.91% of Ellington Financial worth $9,951,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund grew its holdings in Ellington Financial by 4.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,364 shares of the financial services provider's stock worth $259,000 after acquiring an additional 900 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in Ellington Financial by 162.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,602 shares of the financial services provider's stock worth $32,000 after purchasing an additional 1,610 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Ellington Financial by 4.3% during the fourth quarter. Louisiana State Employees Retirement System now owns 43,800 shares of the financial services provider's stock worth $531,000 after buying an additional 1,800 shares during the period. Illinois Municipal Retirement Fund grew its stake in shares of Ellington Financial by 4.3% in the 4th quarter. Illinois Municipal Retirement Fund now owns 45,842 shares of the financial services provider's stock valued at $556,000 after purchasing an additional 1,875 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in Ellington Financial by 3.9% during the fourth quarter. State of Alaska Department of Revenue now owns 51,525 shares of the financial services provider's stock worth $624,000 after purchasing an additional 1,918 shares in the last quarter. 55.62% of the stock is currently owned by institutional investors and hedge funds.
Ellington Financial Trading Down 0.9 %
NYSE EFC traded down $0.12 during mid-day trading on Wednesday, reaching $13.28. 810,542 shares of the stock were exchanged, compared to its average volume of 903,130. The business's fifty day simple moving average is $13.02 and its 200 day simple moving average is $12.66. 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 stock has a market capitalization of $1.20 billion, a PE ratio of 10.13 and a beta of 1.99. Ellington Financial Inc. has a 1-year low of $10.88 and a 1-year high of $14.40.
Ellington Financial (NYSE:EFC - Get Free Report) last announced its quarterly earnings data 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 return on equity of 10.26% and a net margin of 106.40%. The business had revenue of $38.13 million during the quarter, compared to the consensus estimate of $112.88 million. On average, research analysts anticipate that Ellington Financial Inc. will post 1.38 earnings per share for the current fiscal year.
Ellington Financial Announces Dividend
The business also recently announced a mar 25 dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be given a $0.13 dividend. The ex-dividend date is Monday, March 31st. This represents a dividend yield of 11.7%. Ellington Financial's dividend payout ratio is presently 113.04%.
Wall Street Analysts Forecast Growth
EFC has been the topic of a number of recent analyst reports. JMP Securities reaffirmed a "market outperform" rating and set a $14.00 price target on shares of Ellington Financial in a research note on Thursday, January 23rd. B. Riley upgraded Ellington Financial to a "strong-buy" rating in a report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods lifted their price objective on Ellington Financial from $13.75 to $14.50 and gave the stock an "outperform" rating in a report on Monday, March 3rd. Two 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 company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $14.00.
Read Our Latest Stock Analysis on Ellington Financial
Ellington Financial Profile
(
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.
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