Thrivent Financial for Lutherans Sells 2,332 Shares of Ellington Financial Inc. (NYSE:EFC)

Thrivent Financial for Lutherans lowered its holdings in Ellington Financial Inc. (NYSE:EFC) by 3.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,265 shares of the financial services provider’s stock after selling 2,332 shares during the period. Thrivent Financial for Lutherans owned approximately 0.08% of Ellington Financial worth $880,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC boosted its holdings in shares of Ellington Financial by 150.2% during the second quarter. CWM LLC now owns 2,602 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 1,562 shares during the period. Strategic Financial Concepts LLC grew its stake in shares of Ellington Financial by 1,667.2% during the 2nd quarter. Strategic Financial Concepts LLC now owns 282,746 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 266,746 shares during the period. Members Trust Co purchased a new stake in Ellington Financial in the 3rd quarter worth approximately $129,000. PFG Investments LLC purchased a new stake in shares of Ellington Financial during the second quarter worth about $141,000. Finally, Creative Planning bought a new position in shares of Ellington Financial during the 3rd quarter valued at about $141,000. Hedge funds and other institutional investors own 55.62% of the company’s stock.

Ellington Financial Trading Up 0.0 %

Shares of EFC stock opened at $12.37 on Tuesday. Ellington Financial Inc. has a 1 year low of $10.88 and a 1 year high of $13.46. The company has a market cap of $1.12 billion, a PE ratio of 9.44 and a beta of 1.99. The company has a debt-to-equity ratio of 10.87, a current ratio of 37.04 and a quick ratio of 37.04. The stock’s 50 day simple moving average is $12.49 and its two-hundred day simple moving average is $12.56.

Ellington Financial (NYSE:EFC) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.40 EPS for the quarter, beating 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 business had revenue of $33.63 million during the quarter, compared to analyst estimates of $37.95 million. During the same period in the prior year, the firm posted $0.33 earnings per share. Research analysts predict that Ellington Financial Inc. will post 1.37 earnings per share for the current year.

Ellington Financial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Friday, November 29th will be given a $0.13 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 12.62%. Ellington Financial’s dividend payout ratio (DPR) is presently 119.08%.

Insiders Place Their Bets

In related news, CIO Michael W. Vranos sold 14,000 shares of the stock in a transaction on Monday, October 14th. The shares were 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 owns 168,359 shares in the company, valued at $2,101,120.32. This represents a 7.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.40% of the stock is owned by insiders.

About Ellington Financial

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.