Ellington Financial Inc. (NYSE:EFC) Shares Purchased by Barclays PLC

Barclays PLC raised its position in Ellington Financial Inc. (NYSE:EFC) by 230.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 138,440 shares of the financial services provider’s stock after buying an additional 96,525 shares during the period. Barclays PLC owned about 0.15% of Ellington Financial worth $1,784,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EFC. Harbor Capital Advisors Inc. raised its holdings in Ellington Financial by 146.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 726,779 shares of the financial services provider’s stock valued at $9,368,000 after acquiring an additional 431,945 shares during the last quarter. Strategic Financial Concepts LLC increased its holdings in shares of Ellington Financial by 1,667.2% in the second 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 last quarter. Prevail Innovative Wealth Advisors LLC acquired a new stake in shares of Ellington Financial in the second quarter valued at approximately $2,968,000. Van ECK Associates Corp boosted its position in shares of Ellington Financial by 32.3% during the 2nd quarter. Van ECK Associates Corp now owns 751,997 shares of the financial services provider’s stock valued at $9,084,000 after acquiring an additional 183,544 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Ellington Financial by 4.1% in the 3rd quarter. State Street Corp now owns 3,140,371 shares of the financial services provider’s stock valued at $40,885,000 after buying an additional 124,943 shares during the period. 55.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Ellington Financial

In other Ellington Financial news, CIO Michael W. Vranos sold 14,000 shares of Ellington Financial stock in a transaction dated 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 of the company’s stock, valued at $2,101,120.32. The trade was a 7.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.40% of the company’s stock.

Ellington Financial Price Performance

NYSE:EFC opened at $12.18 on Friday. The stock’s fifty day moving average is $12.32 and its two-hundred day moving average is $12.58. Ellington Financial Inc. has a 52 week low of $10.88 and a 52 week high of $13.46. The company has a quick ratio of 37.04, a current ratio of 37.04 and a debt-to-equity ratio of 10.87. The company has a market capitalization of $1.10 billion, a P/E ratio of 9.30 and a beta of 1.97.

Ellington Financial (NYSE:EFC) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Ellington Financial had a net margin of 106.40% and a return on equity of 10.26%. The firm had revenue of $33.63 million during the quarter, compared to analysts’ expectations of $37.95 million. During the same quarter last year, the company posted $0.33 EPS. Equities analysts expect that Ellington Financial Inc. will post 1.37 EPS for the current year.

Ellington Financial Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, January 27th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.13 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 12.81%. The ex-dividend date of this dividend is Tuesday, December 31st. Ellington Financial’s dividend payout ratio is currently 119.08%.

Ellington Financial 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.