108,392 Shares in Ellington Financial Inc. $EFC Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Ellington Financial Inc. (NYSE:EFCFree Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 108,392 shares of the financial services provider’s stock, valued at approximately $1,284,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Denali Advisors LLC grew its stake in shares of Ellington Financial by 679.9% during the fourth quarter. Denali Advisors LLC now owns 88,133 shares of the financial services provider’s stock worth $1,197,000 after acquiring an additional 76,833 shares during the last quarter. Artemis Investment Management LLP purchased a new position in shares of Ellington Financial in the 4th quarter valued at approximately $2,654,000. M&T Bank Corp raised its position in shares of Ellington Financial by 453.1% in the 4th quarter. M&T Bank Corp now owns 67,899 shares of the financial services provider’s stock valued at $922,000 after purchasing an additional 55,622 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Ellington Financial by 18.5% in the 1st quarter. Principal Financial Group Inc. now owns 605,681 shares of the financial services provider’s stock valued at $7,177,000 after purchasing an additional 94,625 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in Ellington Financial by 64.0% in the 4th quarter. Jennison Associates LLC now owns 138,517 shares of the financial services provider’s stock worth $1,881,000 after purchasing an additional 54,051 shares in the last quarter. 55.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EFC. BTIG Research downgraded shares of Ellington Financial from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 17th. Zacks Research cut shares of Ellington Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings raised shares of Ellington Financial from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 14th. Finally, Wall Street Zen raised Ellington Financial from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $13.88.

View Our Latest Analysis on Ellington Financial

Ellington Financial Price Performance

Shares of NYSE EFC opened at $13.29 on Friday. Ellington Financial Inc. has a 52 week low of $11.27 and a 52 week high of $14.12. The business’s 50 day moving average price is $13.52 and its 200 day moving average price is $13.04. The company has a quick ratio of 42.65, a current ratio of 42.65 and a debt-to-equity ratio of 10.18. The firm has a market cap of $1.67 billion, a P/E ratio of 8.00 and a beta of 0.93.

Ellington Financial (NYSE:EFCGet Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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. On average, sell-side analysts expect that Ellington Financial Inc. will post 1.95 earnings per share for the current year.

Ellington Financial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, July 31st will be issued a dividend of $0.13 per share. This represents a c) annualized dividend and a dividend yield of 11.7%. The ex-dividend date of this dividend is Friday, July 31st. Ellington Financial’s dividend payout ratio (DPR) is 93.98%.

Ellington Financial Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding EFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ellington Financial Inc. (NYSE:EFCFree Report).

Institutional Ownership by Quarter for Ellington Financial (NYSE:EFC)

Receive News & Ratings for Ellington Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ellington Financial and related companies with MarketBeat.com's FREE daily email newsletter.