Charles Schwab Investment Management Inc. Boosts Position in Ellington Financial Inc. (NYSE:EFC)

Charles Schwab Investment Management Inc. boosted its holdings in Ellington Financial Inc. (NYSE:EFC - Free Report) by 5.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 778,931 shares of the financial services provider's stock after purchasing an additional 41,669 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.90% of Ellington Financial worth $10,040,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of EFC. CWM LLC grew its stake in Ellington Financial by 150.2% during the second quarter. CWM LLC now owns 2,602 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 1,562 shares in the last quarter. Strategic Financial Concepts LLC grew its position in shares of Ellington Financial by 1,667.2% during the second quarter. Strategic Financial Concepts LLC now owns 282,746 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 266,746 shares in the last quarter. Prospera Private Wealth LLC purchased a new position in shares of Ellington Financial during the third quarter valued at about $68,000. Members Trust Co bought a new stake in shares of Ellington Financial in the third quarter worth about $129,000. Finally, PFG Investments LLC bought a new position in shares of Ellington Financial during the 2nd quarter valued at approximately $141,000. Institutional investors own 55.62% of the company's stock.

Ellington Financial Price Performance

Shares of EFC stock traded up $0.07 on Tuesday, reaching $12.34. The company's stock had a trading volume of 423,272 shares, compared to its average volume of 947,651. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 9.37 and a beta of 1.98. The stock's fifty day simple moving average is $12.40 and its 200-day simple moving average is $12.57. 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 1 year low of $10.88 and a 1 year high of $13.46.

Ellington Financial (NYSE:EFC - Get Free Report) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.04. The firm had revenue of $33.63 million during the quarter, compared to analysts' expectations of $37.95 million. Ellington Financial had a return on equity of 10.26% and a net margin of 106.40%. During the same quarter in the previous year, the business earned $0.33 EPS. Analysts forecast that Ellington Financial Inc. will post 1.37 earnings per share for the current fiscal year.

Ellington Financial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, January 27th. Stockholders of record on Tuesday, December 31st will be issued a $0.13 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.56 annualized dividend and a dividend yield of 12.64%. Ellington Financial's dividend payout ratio (DPR) is presently 119.08%.

Insider Buying and Selling

In other news, CIO Michael W. Vranos sold 14,000 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $12.48, for a total value of $174,720.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.40% of the stock is owned by corporate insiders.

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.