Jupiter Topco LLC Purchases Shares of 60,497 Ellington Financial Inc. $EFC

Jupiter Topco LLC bought a new stake in shares of Ellington Financial Inc. (NYSE:EFCFree Report) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 60,497 shares of the financial services provider’s stock, valued at approximately $824,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC acquired a new stake in Ellington Financial during the second quarter valued at $1,210,000. Legal & General Group Plc purchased a new stake in shares of Ellington Financial during the 2nd quarter worth about $3,695,000. The Manufacturers Life Insurance Company purchased a new position in shares of Ellington Financial in the 2nd quarter valued at about $701,000. Quantbot Technologies LP purchased a new position in Ellington Financial during the second quarter worth approximately $399,000. Finally, Allworth Financial LP purchased a new position in Ellington Financial during the second quarter worth approximately $95,000. 55.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. UBS Group boosted their price objective on Ellington Financial from $14.00 to $14.50 and gave the company a “neutral” rating in a research report on Wednesday, August 19th. BTIG Research lowered shares of Ellington Financial from a “buy” rating to a “neutral” rating in a report on Wednesday, June 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ellington Financial in a report on Tuesday, August 11th. Finally, Zacks Research cut shares of Ellington Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $14.50.

Get Our Latest Stock Analysis on Ellington Financial

Ellington Financial Stock Up 0.2%

NYSE EFC opened at $13.50 on Monday. The business has a fifty day moving average price of $13.50 and a 200 day moving average price of $13.07. The company has a debt-to-equity ratio of 10.39, a quick ratio of 52.06 and a current ratio of 52.06. The company has a market cap of $1.74 billion, a P/E ratio of 8.23 and a beta of 0.94. Ellington Financial Inc. has a one year low of $11.27 and a one year high of $14.12.

Ellington Financial (NYSE:EFCGet Free Report) last announced its earnings results on Thursday, August 6th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.14. Ellington Financial had a net margin of 52.43% and a return on equity of 16.61%. The company had revenue of $134.11 million for the quarter, compared to analysts’ expectations of $114.59 million. Research analysts anticipate that Ellington Financial Inc. will post 2.13 EPS for the current fiscal year.

Ellington Financial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be given a dividend of $0.13 per share. The ex-dividend date is Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 11.6%. Ellington Financial’s payout ratio is presently 95.12%.

About Ellington Financial

(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.

Further Reading

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)

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