Ellington Financial Inc. (NYSE:EFC) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Ellington Financial Inc. (NYSE:EFC - Free Report) by 88.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 134,926 shares of the financial services provider's stock after purchasing an additional 63,515 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.16% of Ellington Financial worth $1,739,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC boosted 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 valued at $31,000 after buying an additional 1,562 shares in the last quarter. SG Americas Securities LLC acquired a new position in Ellington Financial in the second quarter valued at $278,000. Nisa Investment Advisors LLC boosted its stake in Ellington Financial by 15.4% in the second quarter. Nisa Investment Advisors LLC now owns 44,976 shares of the financial services provider's stock valued at $549,000 after acquiring an additional 6,010 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Ellington Financial by 8.9% during the second quarter. Louisiana State Employees Retirement System now owns 42,800 shares of the financial services provider's stock worth $517,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Ellington Financial by 4.4% during the second quarter. Bank of New York Mellon Corp now owns 654,024 shares of the financial services provider's stock worth $7,901,000 after purchasing an additional 27,392 shares in the last quarter. Institutional investors and hedge funds own 55.62% of the company's stock.

Insider Activity

In other news, CIO Michael W. Vranos sold 14,000 shares of the business's stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $12.48, for a total value of $174,720.00. Following the transaction, the executive now owns 168,359 shares of the company's stock, valued at approximately $2,101,120.32. The trade was a 7.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.40% of the company's stock.

Ellington Financial Stock Performance

Shares of NYSE EFC traded down $0.15 during trading hours on Tuesday, reaching $12.28. The stock had a trading volume of 801,392 shares, compared to its average volume of 944,683. The firm has a 50-day moving average of $12.39 and a 200-day moving average of $12.58. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 9.37 and a beta of 1.97. 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 fifty-two week low of $10.88 and a fifty-two week high of $13.46.

Ellington Financial (NYSE:EFC - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.04. The company had revenue of $33.63 million during the quarter, compared to analysts' expectations of $37.95 million. Ellington Financial had a return on equity of 10.26% and a net margin of 106.40%. During the same quarter in the previous year, the business earned $0.33 earnings per share. Equities research analysts predict that Ellington Financial Inc. will post 1.37 earnings per share for the current year.

Ellington Financial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, January 27th. Shareholders of record on Tuesday, December 31st will be paid a $0.13 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.56 dividend on an annualized basis and a yield of 12.70%. Ellington Financial's dividend payout ratio is presently 119.08%.

About Ellington Financial

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.