Intech Investment Management LLC boosted its position in shares of Ellington Financial Inc. (NYSE:EFC - Free Report) by 123.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 120,533 shares of the financial services provider's stock after buying an additional 66,600 shares during the quarter. Intech Investment Management LLC owned 0.13% of Ellington Financial worth $1,461,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also bought and sold shares of the company. State Street Corp boosted its stake 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 worth $40,885,000 after purchasing an additional 124,943 shares during the period. Geode Capital Management LLC boosted its position 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 buying an additional 46,530 shares during the period. Van ECK Associates Corp grew its stake 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 buying an additional 194,153 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Ellington Financial by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 821,024 shares of the financial services provider's stock worth $9,951,000 after buying an additional 42,093 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Ellington Financial by 3.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 749,307 shares of the financial services provider's stock worth $9,082,000 after acquiring an additional 22,528 shares during the last quarter. Institutional investors own 55.62% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have commented on EFC. Keefe, Bruyette & Woods upped their price objective on Ellington Financial from $13.75 to $14.50 and gave the company an "outperform" rating in a research report on Monday, March 3rd. JMP Securities reaffirmed a "market outperform" rating and issued a $14.00 price target on shares of Ellington Financial in a research note on Thursday, January 23rd. Finally, B. Riley raised shares of Ellington Financial to a "strong-buy" rating in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $14.00.
Check Out Our Latest Research Report on EFC
Ellington Financial Stock Down 0.4 %
Shares of EFC traded down $0.06 during midday trading on Tuesday, reaching $13.36. 298,837 shares of the stock were exchanged, compared to its average volume of 1,091,650. The company has a market capitalization of $1.21 billion, a P/E ratio of 10.19 and a beta of 1.99. 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 $14.40. The company's 50 day moving average is $13.00 and its two-hundred day moving average is $12.66.
Ellington Financial (NYSE:EFC - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The financial services provider reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.07. Ellington Financial had a net margin of 106.40% and a return on equity of 10.26%. The company had revenue of $38.13 million during the quarter, compared to analyst estimates of $112.88 million. On average, sell-side analysts anticipate that Ellington Financial Inc. will post 1.38 earnings per share for the current year.
Ellington Financial Announces Dividend
The business also recently disclosed a mar 25 dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be given a dividend of $0.13 per share. This represents a yield of 11.7%. The ex-dividend date is Monday, March 31st. Ellington Financial's payout ratio is currently 113.04%.
Ellington Financial Company Profile
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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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