Intech Investment Management LLC Purchases New Shares in Ellington Financial Inc. (NYSE:EFC)

Intech Investment Management LLC bought a new stake in shares of Ellington Financial Inc. (NYSE:EFC) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 53,933 shares of the financial services provider’s stock, valued at approximately $695,000. Intech Investment Management LLC owned about 0.06% of Ellington Financial as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of EFC. Vanguard Group Inc. raised its position in Ellington Financial by 1.0% in the first quarter. Vanguard Group Inc. now owns 4,879,336 shares of the financial services provider’s stock worth $57,625,000 after acquiring an additional 45,979 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in shares of Ellington Financial by 6.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 105,288 shares of the financial services provider’s stock worth $1,242,000 after acquiring an additional 6,517 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Ellington Financial by 4.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 54,094 shares of the financial services provider’s stock valued at $639,000 after purchasing an additional 2,500 shares in the last quarter. Virtu Financial LLC bought a new stake in Ellington Financial in the first quarter worth $163,000. Finally, Harbor Capital Advisors Inc. raised its position in shares of Ellington Financial by 359.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 294,834 shares of the financial services provider’s stock valued at $3,562,000 after buying an additional 230,722 shares in the last quarter. 55.62% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ellington Financial

In related news, CIO Michael W. Vranos sold 14,000 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $12.48, for a total transaction of $174,720.00. Following the completion of the sale, the executive now directly owns 168,359 shares in the company, valued at approximately $2,101,120.32. The trade was a 7.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.40% of the company’s stock.

Ellington Financial Stock Performance

NYSE:EFC opened at $12.37 on Friday. The firm has a market capitalization of $1.12 billion, a PE ratio of 9.44 and a beta of 1.99. Ellington Financial Inc. has a fifty-two week low of $10.88 and a fifty-two week high of $13.46. The stock’s fifty day moving average is $12.50 and its 200 day moving average is $12.55. The company has a debt-to-equity ratio of 10.87, a quick ratio of 37.04 and a current ratio of 37.04.

Ellington Financial (NYSE:EFC) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.04. Ellington Financial had a net margin of 106.40% and a return on equity of 10.26%. The company had revenue of $33.63 million for the quarter, compared to analysts’ expectations of $37.95 million. During the same period in the prior year, the business earned $0.33 EPS. On average, sell-side analysts anticipate that Ellington Financial Inc. will post 1.37 earnings per share for the current year.

Ellington Financial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Friday, November 29th will be issued a $0.13 dividend. This represents a $1.56 annualized dividend and a yield of 12.62%. The ex-dividend date is Friday, November 29th. Ellington Financial’s payout ratio is 119.08%.

Ellington Financial Company Profile

Ellington Financial Inc, through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. The company acquires and manages residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, manufactured housing, and subprime mortgage; RMBS for which the principal and interest payments are guaranteed by the U.S.