According to Zacks, “Ellington Financial LLC is a finance company that engages in acquiring and managing mortgage-related assets, including residential mortgage backed securities, prime jumbo, Alternative A-paper and subprime residential mortgage loans. The Company’s targeted assets also include mortgage-related derivatives, corporate debt and equity securities and derivatives. Ellington Financial LLC is headquartered in Old Greenwich, USA. “
Several other brokerages have also commented on EFC. B. Riley lowered shares of Ellington Financial from a buy rating to a neutral rating in a research note on Friday, February 15th. Maxim Group reiterated a buy rating and issued a $19.50 price target on shares of Ellington Financial in a research note on Thursday, February 14th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $18.50.
Shares of Ellington Financial stock opened at $18.07 on Friday. The company has a market capitalization of $537.51 million, a price-to-earnings ratio of 12.82 and a beta of 0.45. Ellington Financial has a 52 week low of $14.69 and a 52 week high of $18.46. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.77 and a current ratio of 1.77.
Ellington Financial (NYSE:EFC) last announced its quarterly earnings results on Wednesday, February 20th. The financial services provider reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.05. The company had revenue of $36.85 million for the quarter, compared to analyst estimates of $34.11 million. Ellington Financial had a net margin of 34.56% and a return on equity of 7.62%. Analysts anticipate that Ellington Financial will post 1.55 EPS for the current fiscal year.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 9.30%. Ellington Financial’s dividend payout ratio (DPR) is presently 39.72%.
Several institutional investors and hedge funds have recently made changes to their positions in EFC. Advisor Group Inc. grew its position in shares of Ellington Financial by 114.6% during the fourth quarter. Advisor Group Inc. now owns 3,980 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 2,125 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Ellington Financial during the fourth quarter worth approximately $82,000. Essex Savings Bank purchased a new position in shares of Ellington Financial during the fourth quarter worth approximately $100,000. Virtu Financial LLC purchased a new position in shares of Ellington Financial during the first quarter worth approximately $189,000. Finally, Geode Capital Management LLC grew its position in shares of Ellington Financial by 11.0% during the fourth 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 during the last quarter. Institutional investors and hedge funds own 49.68% of the company’s stock.
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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