Goldman Sachs Group Inc. Purchases New Holdings in Ellington Financial LLC (EFC)

Goldman Sachs Group Inc. purchased a new stake in Ellington Financial LLC (NYSE:EFC) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 24,988 shares of the financial services provider’s stock, valued at approximately $405,000. Goldman Sachs Group Inc. owned about 0.08% of Ellington Financial as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Tahithromos L.L.C. raised its holdings in shares of Ellington Financial by 0.3% in the second quarter. Tahithromos L.L.C. now owns 121,645 shares of the financial services provider’s stock valued at $1,972,000 after buying an additional 400 shares during the last quarter. Edge Wealth Management LLC raised its holdings in shares of Ellington Financial by 1.6% in the second quarter. Edge Wealth Management LLC now owns 32,500 shares of the financial services provider’s stock valued at $530,000 after buying an additional 500 shares during the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of Ellington Financial by 0.7% in the second quarter. Mutual of America Capital Management LLC now owns 418,209 shares of the financial services provider’s stock valued at $6,779,000 after buying an additional 2,993 shares during the last quarter. BB&T Securities LLC raised its holdings in shares of Ellington Financial by 21.1% in the second quarter. BB&T Securities LLC now owns 47,142 shares of the financial services provider’s stock valued at $764,000 after buying an additional 8,200 shares during the last quarter. Finally, Nine Chapters Capital Management LLC bought a new position in shares of Ellington Financial in the second quarter valued at about $172,000. 49.98% of the stock is owned by institutional investors and hedge funds.

Shares of Ellington Financial LLC (EFC) opened at $15.31 on Wednesday. The company has a quick ratio of 2.86, a current ratio of 3.90 and a debt-to-equity ratio of 1.91. The company has a market capitalization of $489.12, a PE ratio of 13.45 and a beta of 0.41. Ellington Financial LLC has a 12-month low of $14.76 and a 12-month high of $17.00.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.41 dividend. 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 10.71%. Ellington Financial’s payout ratio is 206.90%.

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EFC has been the subject of a number of research analyst reports. Deutsche Bank AG cut their price target on Ellington Financial from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. B. Riley reaffirmed a “buy” rating and issued a $16.00 price target (down from $17.50) on shares of Ellington Financial in a report on Wednesday, November 1st. Maxim Group reaffirmed a “buy” rating and issued a $20.00 price target on shares of Ellington Financial in a report on Monday, October 9th. ValuEngine raised Ellington Financial from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Zacks Investment Research raised Ellington Financial from a “strong sell” rating to a “hold” rating in a report on Monday, October 9th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $17.50.

Ellington Financial Profile

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

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