BBR Partners LLC lowered its stake in shares of Ellington Financial LLC (NYSE:EFC) by 6.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 828,757 shares of the financial services provider’s stock after selling 58,950 shares during the quarter. Ellington Financial accounts for 2.8% of BBR Partners LLC’s investment portfolio, making the stock its 5th largest holding. BBR Partners LLC owned 2.60% of Ellington Financial worth $13,086,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently made changes to their positions in EFC. HighTower Advisors LLC bought a new position in Ellington Financial in the 2nd quarter valued at $1,003,000. Virtu KCG Holdings LLC grew its stake in Ellington Financial by 254.7% in the 2nd quarter. Virtu KCG Holdings LLC now owns 44,243 shares of the financial services provider’s stock valued at $717,000 after purchasing an additional 31,768 shares during the period. Goldman Sachs Group Inc. bought a new position in Ellington Financial in the 2nd quarter valued at $405,000. FMR LLC grew its stake in Ellington Financial by 24.0% in the 2nd quarter. FMR LLC now owns 1,522,518 shares of the financial services provider’s stock valued at $24,680,000 after purchasing an additional 294,734 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in Ellington Financial in the 2nd quarter valued at $1,245,000. Institutional investors and hedge funds own 45.84% of the company’s stock.
A number of research analysts have issued reports on the company. Sandler O’Neill began coverage on Ellington Financial in a research note on Wednesday. They issued a “buy” rating and a $17.00 price objective for the company. B. Riley reaffirmed a “buy” rating and set a $16.00 price target (down previously from $17.50) on shares of Ellington Financial in a research report on Wednesday, November 1st. BidaskClub raised Ellington Financial from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. ValuEngine raised Ellington Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Maxim Group reaffirmed a “buy” rating and set a $20.00 price target on shares of Ellington Financial in a research report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. Ellington Financial presently has an average rating of “Hold” and an average price target of $17.42.
Shares of Ellington Financial LLC (NYSE EFC) opened at $14.91 on Thursday. The stock has a market capitalization of $473.80, a PE ratio of 13.03 and a beta of 0.41. The company has a debt-to-equity ratio of 1.91, a quick ratio of 3.90 and a current ratio of 3.90. Ellington Financial LLC has a 1-year low of $14.76 and a 1-year high of $17.00.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.64 dividend on an annualized basis and a yield of 11.00%. Ellington Financial’s dividend payout ratio (DPR) is 188.51%.
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Ellington Financial Company Profile
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