53,933 Shares in Ellington Financial Inc. (NYSE:EFC) Purchased by Intech Investment Management LLC

Intech Investment Management LLC purchased a new position in shares of Ellington Financial Inc. (NYSE:EFC - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 53,933 shares of the financial services provider's stock, valued at approximately $695,000. Intech Investment Management LLC owned 0.06% of Ellington Financial at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC raised its holdings in shares of Ellington Financial by 150.2% in the 2nd quarter. CWM LLC now owns 2,602 shares of the financial services provider's stock worth $31,000 after purchasing an additional 1,562 shares during the period. Strategic Financial Concepts LLC raised its stake in shares of Ellington Financial by 1,667.2% in the second quarter. Strategic Financial Concepts LLC now owns 282,746 shares of the financial services provider's stock valued at $34,000 after buying an additional 266,746 shares during the period. Prospera Private Wealth LLC purchased a new position in shares of Ellington Financial during the 3rd quarter valued at $68,000. Members Trust Co purchased a new position in shares of Ellington Financial during the 3rd quarter valued at $129,000. Finally, PFG Investments LLC bought a new position in shares of Ellington Financial during the 2nd quarter worth $141,000. Hedge funds and other institutional investors own 55.62% of the company's stock.

Insider Transactions at Ellington Financial

In other news, CIO Michael W. Vranos sold 14,000 shares of the 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 sale, the executive now directly owns 168,359 shares of the company's stock, 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. Corporate insiders own 4.40% of the company's stock.

Ellington Financial Stock Performance

Ellington Financial stock traded up $0.02 during midday trading on Friday, reaching $12.36. The stock had a trading volume of 411,232 shares, compared to its average volume of 955,859. The firm has a market capitalization of $1.12 billion, a PE ratio of 9.44 and a beta of 1.99. Ellington Financial Inc. has a 12 month low of $10.88 and a 12 month high of $13.46. The company has a quick ratio of 37.04, a current ratio of 37.04 and a debt-to-equity ratio of 10.87. The firm's 50-day moving average price is $12.49 and its 200 day moving average price is $12.55.

Ellington Financial (NYSE:EFC - Get Free Report) last posted 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. The company had revenue of $33.63 million for the quarter, compared to analyst estimates of $37.95 million. Ellington Financial had a net margin of 106.40% and a return on equity of 10.26%. During the same quarter in the previous year, the firm posted $0.33 earnings per share. As a group, research analysts predict that Ellington Financial Inc. will post 1.37 earnings per share for the current fiscal year.

Ellington Financial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Friday, November 29th will be given a dividend of $0.13 per share. The ex-dividend date is Friday, November 29th. This represents a $1.56 annualized dividend and a dividend yield of 12.62%. Ellington Financial's dividend payout ratio is currently 119.08%.

Ellington Financial 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.