Representative Virginia Foxx (R-North Carolina) recently bought shares of Ellington Financial Inc. NYSE: EFC. In a filing disclosed on April 04th, the Representative disclosed that they had bought between $1,001 and $15,000 in Ellington Financial stock on March 31st.
Representative Virginia Foxx also recently made the following trade(s):
- Sold $15,001 - $50,000 in shares of Alliance Resource Partners NASDAQ: ARLP on 3/7/2025.
- Sold $50,001 - $100,000 in shares of Energy Transfer NYSE: ET on 3/7/2025.
- Sold $50,001 - $100,000 in shares of Pembina Pipeline NYSE: PBA on 3/7/2025.
- Sold $15,001 - $50,000 in shares of FLEX LNG NYSE: FLNG on 3/7/2025.
- Purchased $1,001 - $15,000 in shares of Hercules Capital NYSE: HTGC on 3/5/2025.
- Purchased $1,001 - $15,000 in shares of Energy Transfer NYSE: ET on 2/19/2025.
- Purchased $1,001 - $15,000 in shares of Alliance Resource Partners NASDAQ: ARLP on 2/14/2025.
Ellington Financial Stock Performance
Ellington Financial stock traded up $0.08 during trading hours on Friday, reaching $11.61. 1,154,999 shares of the stock were exchanged, compared to its average volume of 961,569. The stock has a market cap of $1.05 billion, a P/E ratio of 8.86 and a beta of 1.57. The firm's 50 day moving average is $13.00 and its 200 day moving average is $12.60. The company has a debt-to-equity ratio of 10.87, a quick ratio of 37.04 and a current ratio of 37.04. Ellington Financial Inc. has a 52-week low of $10.88 and a 52-week high of $14.40.
Ellington Financial (NYSE:EFC - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The financial services provider reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.07. The firm had revenue of $38.13 million for the quarter, compared to the consensus estimate of $112.88 million. Ellington Financial had a return on equity of 10.26% and a net margin of 106.40%. Analysts predict that Ellington Financial Inc. will post 1.38 EPS for the current fiscal year.
Ellington Financial Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, May 27th. Investors of record on Wednesday, April 30th will be issued a dividend of $0.13 per share. This represents a $1.56 annualized dividend and a dividend yield of 13.44%. The ex-dividend date of this dividend is Wednesday, April 30th. Ellington Financial's dividend payout ratio is presently 113.04%.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. B. Riley raised Ellington Financial to a "strong-buy" rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods increased their price objective on shares of Ellington Financial from $13.75 to $14.50 and gave the company an "outperform" rating in a research note on Monday, March 3rd. Finally, JMP Securities restated a "market outperform" rating and set a $14.00 target price on shares of Ellington Financial in a research report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $14.00.
Read Our Latest Stock Report on EFC
Institutional Trading of Ellington Financial
Several institutional investors have recently made changes to their positions in EFC. State Street Corp increased its position in 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 in the last quarter. Invesco Ltd. grew its stake in Ellington Financial by 17.2% during the fourth quarter. Invesco Ltd. now owns 2,364,583 shares of the financial services provider's stock worth $28,659,000 after buying an additional 347,587 shares during the period. Geode Capital Management LLC increased its position in shares of Ellington Financial by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 2,008,827 shares of the financial services provider's stock worth $24,353,000 after acquiring an additional 43,531 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Ellington Financial by 4.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,470,054 shares of the financial services provider's stock valued at $17,817,000 after acquiring an additional 67,807 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Ellington Financial by 39.8% during the 4th quarter. Northern Trust Corp now owns 1,092,902 shares of the financial services provider's stock valued at $13,246,000 after acquiring an additional 311,406 shares in the last quarter. 55.62% of the stock is owned by hedge funds and other institutional investors.
About Representative Foxx
Virginia Foxx (Republican Party) is a member of the U.S. House, representing North Carolina's 5th Congressional District. She assumed office on January 3, 2005. Her current term ends on January 3, 2027.
Foxx (Republican Party) ran for re-election to the U.S. House to represent North Carolina's 5th Congressional District. She won in the general election on November 5, 2024.
Foxx was born in New York, New York. She earned a B.A. and M.A.C.T. from the University of North Carolina, Chapel Hill, in 1968 and 1972, respectively, and an Ed.D. from the University of North Carolina, Greensboro, in 1985.
Foxx worked as an instructor at Caldwell Community College in Hudson, NC, and an instructor and assistant dean at Appalachian State University in Boone, NC. She owned a landscape nursery and served as Deputy Secretary for Management at the North Carolina Department of Administration.
About Ellington Financial
(
Get 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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