GSA Capital Partners LLP decreased its position in shares of Ellington Financial LLC (NYSE:EFC) by 18.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 53,800 shares of the financial services provider’s stock after selling 12,135 shares during the quarter. GSA Capital Partners LLP owned about 0.18% of Ellington Financial worth $861,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in EFC. Cambridge Investment Research Advisors Inc. bought a new position in shares of Ellington Financial in the 3rd quarter worth $172,000. Renaissance Technologies LLC purchased a new stake in Ellington Financial during the 2nd quarter valued at about $693,000. Stockman Wealth Management Inc. boosted its stake in shares of Ellington Financial by 55.2% in the third quarter. Stockman Wealth Management Inc. now owns 25,300 shares of the financial services provider’s stock worth $405,000 after buying an additional 9,000 shares during the last quarter. Wedge Capital Management L L P NC purchased a new stake in shares of Ellington Financial in the third quarter worth about $1,169,000. Finally, Merriman Wealth Management LLC purchased a new stake in shares of Ellington Financial in the second quarter worth about $179,000. Hedge funds and other institutional investors own 46.72% of the company’s stock.
Ellington Financial stock opened at $15.41 on Friday. The company has a debt-to-equity ratio of 3.12, a quick ratio of 1.80 and a current ratio of 1.80. Ellington Financial LLC has a 1-year low of $14.12 and a 1-year high of $16.84. The firm has a market capitalization of $459.81 million, a price-to-earnings ratio of 14.27 and a beta of 0.39.
Ellington Financial (NYSE:EFC) last released its quarterly earnings results on Wednesday, November 7th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.03. Ellington Financial had a return on equity of 6.62% and a net margin of 45.70%. The firm had revenue of $36.35 million for the quarter, compared to analyst estimates of $31.98 million. As a group, analysts anticipate that Ellington Financial LLC will post 1.42 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 17th. Investors of record on Friday, November 30th were given a dividend of $0.41 per share. The ex-dividend date was Thursday, November 29th. This represents a $1.64 annualized dividend and a dividend yield of 10.64%. Ellington Financial’s dividend payout ratio is currently 151.85%.
A number of research firms recently weighed in on EFC. Zacks Investment Research raised Ellington Financial from a “sell” rating to a “hold” rating in a report on Wednesday, December 19th. TheStreet upgraded Ellington Financial from a “c” rating to a “b” rating in a research report on Wednesday, October 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $18.10.
In other Ellington Financial news, CEO Laurence Penn purchased 28,631 shares of the business’s stock in a transaction on Wednesday, November 14th. The stock was bought at an average cost of $16.15 per share, for a total transaction of $462,390.65. Following the acquisition, the chief executive officer now owns 105,563 shares of the company’s stock, valued at approximately $1,704,842.45. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 11.10% of the company’s stock.
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Ellington Financial 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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