Jane Street Group LLC Acquires 39,355 Shares of Ellington Financial Inc. (NYSE:EFC)

Jane Street Group LLC grew its stake in Ellington Financial Inc. (NYSE:EFC) by 38.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,085 shares of the financial services provider’s stock after acquiring an additional 39,355 shares during the period. Jane Street Group LLC owned 0.16% of Ellington Financial worth $1,831,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Strategic Financial Concepts LLC increased its position 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 worth $34,000 after purchasing an additional 266,746 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in Ellington Financial during the third quarter worth $68,000. Members Trust Co bought a new stake in Ellington Financial during the third quarter worth $129,000. Atom Investors LP acquired a new position in shares of Ellington Financial during the 3rd quarter worth about $130,000. Finally, PFG Investments LLC acquired a new stake in shares of Ellington Financial in the second quarter valued at approximately $141,000. Institutional investors and hedge funds own 55.62% of the company’s stock.

Insider Buying and Selling

In related news, CIO Michael W. Vranos sold 14,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive now directly owns 168,359 shares in the company, valued at $2,101,120.32. This represents a 7.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.40% of the stock is owned by corporate insiders.

Ellington Financial Price Performance

Shares of EFC opened at $12.27 on Thursday. Ellington Financial Inc. has a fifty-two week low of $10.88 and a fifty-two week high of $13.46. The firm has a market capitalization of $1.11 billion, a PE ratio of 9.37 and a beta of 1.98. The company’s 50-day moving average is $12.33 and its 200-day moving average is $12.58. The company has a debt-to-equity ratio of 10.87, a current ratio of 37.04 and a quick ratio of 37.04.

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, topping analysts’ consensus estimates of $0.36 by $0.04. The business had revenue of $33.63 million for the quarter, compared to analyst estimates of $37.95 million. Ellington Financial had a net margin of 106.40% and a return on equity of 10.26%. During the same period last year, the firm earned $0.33 earnings per share. Equities analysts forecast that Ellington Financial Inc. will post 1.37 EPS for the current year.

Ellington Financial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, January 27th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 12.71%. Ellington Financial’s dividend payout ratio (DPR) is currently 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.