EJF Capital LLC Cuts Stock Holdings in Ellington Financial Inc (NYSE:EFC)

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EJF Capital LLC reduced its position in Ellington Financial Inc (NYSE:EFC) by 50.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,000 shares of the financial services provider’s stock after selling 10,000 shares during the period. EJF Capital LLC’s holdings in Ellington Financial were worth $180,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in EFC. Marshall Wace LLP acquired a new position in Ellington Financial in the first quarter valued at about $3,045,000. Trexquant Investment LP bought a new position in shares of Ellington Financial in the 2nd quarter worth $324,000. Acadian Asset Management LLC boosted its position in shares of Ellington Financial by 421.5% in the 2nd quarter. Acadian Asset Management LLC now owns 492,520 shares of the financial services provider’s stock worth $8,849,000 after purchasing an additional 398,068 shares during the last quarter. Strs Ohio bought a new position in shares of Ellington Financial in the 2nd quarter worth $129,000. Finally, Boston Advisors LLC bought a new position in shares of Ellington Financial in the 2nd quarter worth $1,076,000. Institutional investors and hedge funds own 53.50% of the company’s stock.

Several research analysts have recently issued reports on EFC shares. Maxim Group restated a “buy” rating and issued a $20.00 price target on shares of Ellington Financial in a research report on Friday, August 9th. Zacks Investment Research lowered Ellington Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday.

Shares of NYSE:EFC traded up $0.07 during trading on Thursday, reaching $17.96. 2,623 shares of the stock were exchanged, compared to its average volume of 173,762. Ellington Financial Inc has a 12 month low of $14.69 and a 12 month high of $18.50. The firm has a market cap of $604.15 million, a PE ratio of 12.74 and a beta of 0.42. The stock has a 50-day moving average price of $17.55 and a 200-day moving average price of $17.85. The company has a current ratio of 43.66, a quick ratio of 43.66 and a debt-to-equity ratio of 4.01.

Ellington Financial (NYSE:EFC) last issued its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.04. Ellington Financial had a return on equity of 8.70% and a net margin of 21.99%. The business had revenue of $38.55 million during the quarter, compared to analysts’ expectations of $37.46 million. On average, sell-side analysts expect that Ellington Financial Inc will post 1.71 earnings per share for the current fiscal year.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 25th. Investors of record on Monday, September 30th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.68 dividend on an annualized basis and a yield of 9.35%. Ellington Financial’s dividend payout ratio is 119.15%.

Ellington Financial Company Profile

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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