Global Retirement Partners LLC Purchases 919 Shares of Ellington Financial Inc. (NYSE:EFC)

Global Retirement Partners LLC lifted its position in shares of Ellington Financial Inc. (NYSE:EFC) by 2.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,814 shares of the financial services provider’s stock after purchasing an additional 919 shares during the quarter. Global Retirement Partners LLC owned approximately 0.06% of Ellington Financial worth $616,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Easterly Investment Partners LLC bought a new position in shares of Ellington Financial during the first quarter valued at $23,326,000. Strategic Financial Concepts LLC boosted its position in 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 buying an additional 266,746 shares in the last quarter. Prevail Innovative Wealth Advisors LLC acquired a new position in Ellington Financial in the second quarter valued at about $2,968,000. Harbor Capital Advisors Inc. grew its stake in Ellington Financial by 359.9% during the second quarter. Harbor Capital Advisors Inc. now owns 294,834 shares of the financial services provider’s stock worth $3,562,000 after buying an additional 230,722 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Ellington Financial by 32.3% during the second quarter. Van ECK Associates Corp now owns 751,997 shares of the financial services provider’s stock worth $9,084,000 after buying an additional 183,544 shares in the last quarter. 55.62% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, JMP Securities decreased their price target on Ellington Financial from $14.50 to $14.00 and set a “market outperform” rating on the stock in a research report on Wednesday, July 24th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Ellington Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.56.

Ellington Financial Stock Up 0.5 %

Shares of EFC opened at $12.81 on Monday. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 20.02 and a beta of 1.98. Ellington Financial Inc. has a 52 week low of $10.88 and a 52 week high of $13.46. The company has a debt-to-equity ratio of 10.84, a quick ratio of 73.16 and a current ratio of 73.16. The business’s fifty day moving average price is $12.95 and its two-hundred day moving average price is $12.38.

Ellington Financial (NYSE:EFC) last posted its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). Ellington Financial had a net margin of 103.55% and a return on equity of 9.76%. The firm had revenue of $33.60 million during the quarter, compared to the consensus estimate of $37.20 million. During the same quarter in the prior year, the business earned $0.38 EPS. On average, analysts predict 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 Monday, November 25th. Investors of record on Thursday, October 31st will be paid a dividend of $0.13 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 12.18%. The ex-dividend date of this dividend is Thursday, October 31st. Ellington Financial’s dividend payout ratio (DPR) is 243.75%.

Insider Activity at Ellington Financial

In other Ellington Financial news, CIO Michael W. Vranos sold 14,000 shares of the firm’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 value of $174,720.00. Following the transaction, the executive now directly owns 168,359 shares of the company’s stock, valued at approximately $2,101,120.32. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.40% of the stock is currently owned by company 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.