Ellington Financial Inc (NYSE:EFC) Shares Acquired by Yorktown Management & Research Co Inc

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Yorktown Management & Research Co Inc lifted its holdings in shares of Ellington Financial Inc (NYSE:EFC) by 305.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 81,000 shares of the financial services provider’s stock after buying an additional 61,000 shares during the period. Yorktown Management & Research Co Inc’s holdings in Ellington Financial were worth $1,456,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC raised 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 acquiring an additional 1,310 shares in the last quarter. Hilton Capital Management LLC acquired a new position in Ellington Financial during the first quarter worth approximately $45,000. Advisor Group Inc. increased its position in Ellington Financial by 30.0% during the second quarter. Advisor Group Inc. now owns 11,190 shares of the financial services provider’s stock worth $201,000 after buying an additional 2,585 shares during the period. Wedge Capital Management L L P NC increased its position in Ellington Financial by 4.7% during the first quarter. Wedge Capital Management L L P NC now owns 76,400 shares of the financial services provider’s stock worth $1,368,000 after buying an additional 3,397 shares during the period. Finally, Optimum Investment Advisors increased its position in Ellington Financial by 13.3% during the second quarter. Optimum Investment Advisors now owns 29,879 shares of the financial services provider’s stock worth $537,000 after buying an additional 3,506 shares during the period. 53.66% of the stock is currently owned by institutional investors and hedge funds.

EFC has been the topic of several research analyst reports. Zacks Investment Research raised Ellington Financial from a “hold” rating to a “strong-buy” rating and set a $20.00 price target on the stock in a research report on Friday, July 19th. Maxim Group reaffirmed a “buy” rating and set a $20.00 price target on shares of Ellington Financial in a research report on Friday, August 9th.

EFC traded up $0.09 during trading on Friday, hitting $17.59. 137,400 shares of the stock were exchanged, compared to its average volume of 355,560. The firm has a market capitalization of $590.99 million, a P/E ratio of 10.17 and a beta of 0.45. Ellington Financial Inc has a 1-year low of $14.69 and a 1-year high of $18.50. The stock has a fifty day moving average price of $17.77 and a two-hundred day moving average price of $17.75. The company has a quick ratio of 70.32, a current ratio of 43.66 and a debt-to-equity ratio of 4.01.

Ellington Financial (NYSE:EFC) last released its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.42 by $0.04. The company had revenue of $38.55 million for the quarter, compared to analyst estimates of $37.46 million. Ellington Financial had a return on equity of 8.70% and a net margin of 21.99%. Analysts predict that Ellington Financial Inc will post 1.71 EPS for the current year.

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Friday, August 30th will be given a dividend of $0.14 per share. This represents a $1.68 annualized dividend and a yield of 9.55%. The ex-dividend date is Thursday, August 29th. Ellington Financial’s dividend payout ratio (DPR) is 119.15%.

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

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