GraniteShares Advisors LLC acquired a new position in Ellington Financial Inc. (NYSE:EFC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 203,174 shares of the financial services provider's stock, valued at approximately $2,462,000. GraniteShares Advisors LLC owned approximately 0.22% of Ellington Financial at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in EFC. State Street Corp increased its holdings in shares of Ellington Financial by 4.1% during the third quarter. State Street Corp now owns 3,140,371 shares of the financial services provider's stock valued at $40,885,000 after acquiring an additional 124,943 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 valued at $25,338,000 after acquiring an additional 46,530 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Ellington Financial by 28.6% during the fourth quarter. Van ECK Associates Corp now owns 872,588 shares of the financial services provider's stock valued at $10,576,000 after acquiring an additional 194,153 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Ellington Financial by 5.7% during the third 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 in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Ellington Financial by 3.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 749,307 shares of the financial services provider's stock valued at $9,082,000 after acquiring an additional 22,528 shares in the last quarter. Institutional investors own 55.62% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on EFC shares. B. Riley raised Ellington Financial to a "strong-buy" rating in a research report on Tuesday, January 7th. JMP Securities reaffirmed a "market outperform" rating and set a $14.00 price objective on shares of Ellington Financial in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $13.75.
View Our Latest Stock Report on EFC
Ellington Financial Stock Performance
Shares of Ellington Financial stock traded up $1.05 during trading on Friday, hitting $14.35. 3,844,907 shares of the company's stock traded hands, compared to its average volume of 1,009,585. The company has a debt-to-equity ratio of 10.87, a current ratio of 37.04 and a quick ratio of 37.04. Ellington Financial Inc. has a 1 year low of $10.88 and a 1 year high of $14.40. The stock has a market capitalization of $1.30 billion, a P/E ratio of 10.95 and a beta of 1.97. The business has a 50-day simple moving average of $12.56 and a 200-day simple moving average of $12.62.
Ellington Financial (NYSE:EFC - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The financial services provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.38 by $0.07. The company had revenue of $38.13 million for the quarter, compared to analysts' expectations of $112.88 million. Ellington Financial had a return on equity of 10.26% and a net margin of 106.40%. As a group, analysts forecast that Ellington Financial Inc. will post 1.38 EPS for the current year.
Ellington Financial Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Friday, February 28th will be given a $0.13 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.56 annualized dividend and a yield of 10.87%. Ellington Financial's payout ratio is 119.08%.
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.
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