Ellington Financial Inc. (NYSE:EFC – Get Free Report)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.07 and traded as high as $13.69. Ellington Financial shares last traded at $13.4550, with a volume of 997,896 shares traded.
Analyst Upgrades and Downgrades
EFC has been the subject of a number of recent analyst reports. Weiss Ratings raised shares of Ellington Financial from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 14th. BTIG Research downgraded Ellington Financial from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 17th. Wall Street Zen upgraded Ellington Financial from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Zacks Research raised Ellington Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.88.
View Our Latest Stock Analysis on EFC
Ellington Financial Stock Down 0.1%
Ellington Financial (NYSE:EFC – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.13. Ellington Financial had a net margin of 72.08% and a return on equity of 15.81%. The company had revenue of $188.83 million during the quarter, compared to analyst estimates of $114.09 million. Equities research analysts forecast that Ellington Financial Inc. will post 1.95 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 Friday, July 31st. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.13 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Ellington Financial’s dividend payout ratio is currently 93.98%.
Institutional Investors Weigh In On Ellington Financial
Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Ellington Financial by 5.3% in the fourth quarter. Vanguard Group Inc. now owns 7,003,038 shares of the financial services provider’s stock valued at $95,101,000 after purchasing an additional 349,448 shares during the last quarter. State Street Corp grew its holdings in Ellington Financial by 5.5% during the fourth quarter. State Street Corp now owns 3,779,402 shares of the financial services provider’s stock valued at $51,814,000 after purchasing an additional 196,894 shares during the period. Geode Capital Management LLC increased its position in Ellington Financial by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 2,412,329 shares of the financial services provider’s stock worth $32,766,000 after buying an additional 142,912 shares during the last quarter. Invesco Ltd. increased its position in Ellington Financial by 17.6% in the third quarter. Invesco Ltd. now owns 2,218,506 shares of the financial services provider’s stock worth $28,796,000 after buying an additional 331,934 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Ellington Financial by 7.0% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,566,268 shares of the financial services provider’s stock valued at $20,330,000 after buying an additional 102,957 shares during the period. Institutional investors own 55.62% of the company’s stock.
About Ellington Financial
Ellington Financial, Inc (NYSE: EFC) is a mortgage real estate investment trust (REIT) that focuses on generating attractive risk-adjusted returns through investments in residential and commercial mortgage-related assets. Established in 2013, the company is externally managed by Ellington Financial Management, L.P., a subsidiary of Ellington Management Group, an alternative asset management firm. EFC’s core strategy centers on actively acquiring and managing agency and non-agency residential mortgage-backed securities (MBS), mortgage servicing rights, residential whole loans, and other structured finance instruments, including asset-backed securities and commercial mortgage-backed securities (CMBS).
The company employs leverage and structured financing tools—such as repurchase agreements and secured credit facilities—to enhance portfolio yield while maintaining focus on risk mitigation.
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