According to Zacks, “Ellington Financial LLC is a finance company that engages in acquiring and managing mortgage-related assets, including residential mortgage backed securities, prime jumbo, Alternative A-paper and subprime residential mortgage loans. The Company’s targeted assets also include mortgage-related derivatives, corporate debt and equity securities and derivatives. Ellington Financial LLC is headquartered in Old Greenwich, USA. “
Other equities analysts also recently issued research reports about the company. B. Riley raised Ellington Financial from a neutral rating to a buy rating and increased their price target for the stock from $16.00 to $18.00 in a research report on Thursday, February 14th. Maxim Group reissued a buy rating and set a $19.50 price target on shares of Ellington Financial in a research report on Thursday, February 14th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $18.50.
Shares of Ellington Financial stock opened at $18.08 on Friday. The firm has a market capitalization of $538.48 million, a price-to-earnings ratio of 12.82 and a beta of 0.45. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.77 and a current ratio of 1.77. Ellington Financial has a 52 week low of $14.69 and a 52 week high of $18.46.
Ellington Financial (NYSE:EFC) last posted its quarterly earnings results on Wednesday, February 20th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. Ellington Financial had a return on equity of 7.62% and a net margin of 34.56%. The business had revenue of $36.85 million for the quarter, compared to the consensus estimate of $34.11 million. On average, equities analysts expect that Ellington Financial will post 1.55 EPS for the current fiscal year.
The company also recently declared a monthly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.14 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 9.29%. The ex-dividend date is Monday, April 29th. Ellington Financial’s payout ratio is 39.72%.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of Ellington Financial by 11.0% during the 4th quarter. Geode Capital Management LLC now owns 13,236 shares of the financial services provider’s stock worth $202,000 after buying an additional 1,310 shares in the last quarter. Advisor Group Inc. lifted its stake in shares of Ellington Financial by 114.6% during the 4th quarter. Advisor Group Inc. now owns 3,980 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 2,125 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Ellington Financial during the 4th quarter worth $82,000. Morgan Stanley lifted its stake in shares of Ellington Financial by 0.6% during the 3rd quarter. Morgan Stanley now owns 1,116,239 shares of the financial services provider’s stock worth $17,872,000 after purchasing an additional 6,282 shares during the last quarter. Finally, Essex Savings Bank purchased a new stake in shares of Ellington Financial during the 4th quarter worth $100,000. 49.52% of the stock is currently owned by institutional investors and hedge funds.
About Ellington Financial
Ellington Financial LLC, through its subsidiary Ellington Financial Operating Partnership LLC, operates as a specialty finance company in the United States. The company acquires and manages mortgage-related assets, including residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, manufactured housing, and subprime residential mortgage loans; RMBS for which the principal and interest payments are guaranteed by the U.S.
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