Ellington Financial Inc. (NYSE:EFC - Free Report) - Research analysts at B. Riley issued their FY2024 earnings per share (EPS) estimates for Ellington Financial in a report issued on Monday, December 16th. B. Riley analyst M. Howlett anticipates that the financial services provider will post earnings of $1.40 per share for the year. The consensus estimate for Ellington Financial's current full-year earnings is $1.37 per share. B. Riley also issued estimates for Ellington Financial's Q4 2024 earnings at $0.38 EPS, Q1 2025 earnings at $0.40 EPS, Q2 2025 earnings at $0.42 EPS, Q3 2025 earnings at $0.43 EPS, Q4 2025 earnings at $0.45 EPS, FY2025 earnings at $1.70 EPS, Q1 2026 earnings at $0.48 EPS, Q2 2026 earnings at $0.49 EPS, Q3 2026 earnings at $0.50 EPS and FY2026 earnings at $1.97 EPS.
Ellington Financial Stock Performance
Ellington Financial stock traded up $0.09 during midday trading on Thursday, reaching $12.05. 931,007 shares of the stock traded hands, compared to its average volume of 945,501. Ellington Financial has a fifty-two week low of $10.88 and a fifty-two week high of $13.46. The company has a current ratio of 37.04, a quick ratio of 37.04 and a debt-to-equity ratio of 10.87. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 9.20 and a beta of 1.97. The firm has a fifty day moving average price of $12.37 and a two-hundred day moving average price of $12.58.
Ellington Financial (NYSE:EFC - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. Ellington Financial had a net margin of 106.40% and a return on equity of 10.26%. The company had revenue of $33.63 million during the quarter, compared to the consensus estimate of $37.95 million. During the same quarter in the previous year, the company posted $0.33 earnings per share.
Institutional Trading of Ellington Financial
A number of hedge funds and other institutional investors have recently made changes to their positions in EFC. State Street Corp increased its position in shares of Ellington Financial by 4.1% during the 3rd quarter. State Street Corp now owns 3,140,371 shares of the financial services provider's stock valued at $40,885,000 after purchasing an additional 124,943 shares during the period. Geode Capital Management LLC grew its holdings in Ellington Financial by 2.4% during the third quarter. Geode Capital Management LLC now owns 1,965,296 shares of the financial services provider's stock worth $25,338,000 after acquiring an additional 46,530 shares during the period. Charles Schwab Investment Management Inc. raised its position in Ellington Financial by 5.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 778,931 shares of the financial services provider's stock worth $10,040,000 after acquiring an additional 41,669 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Ellington Financial by 32.3% in the 2nd quarter. Van ECK Associates Corp now owns 751,997 shares of the financial services provider's stock valued at $9,084,000 after acquiring an additional 183,544 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in shares of Ellington Financial by 146.5% during the 3rd 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 in the last quarter. 55.62% of the stock is currently owned by institutional investors.
Insider Activity at Ellington Financial
In related news, CIO Michael W. Vranos sold 14,000 shares of the company's stock in a transaction dated 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 sale, the executive now owns 168,359 shares of the company's stock, valued at $2,101,120.32. This represents a 7.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 4.40% of the stock is owned by insiders.
Ellington Financial Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Monday, January 27th. Investors of record on Tuesday, December 31st will be issued a $0.13 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 12.95%. The ex-dividend date of this dividend is Tuesday, December 31st. Ellington Financial's dividend payout ratio (DPR) is 119.08%.
About Ellington Financial
(
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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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