Mutual of America Capital Management LLC Cuts Stake in Ellington Financial Inc. (NYSE:EFC)

Mutual of America Capital Management LLC lowered its position in shares of Ellington Financial Inc. (NYSE:EFC) by 6.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,075 shares of the financial services provider’s stock after selling 902 shares during the period. Mutual of America Capital Management LLC’s holdings in Ellington Financial were worth $169,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in EFC. Harbor Capital Advisors Inc. increased its stake in shares of Ellington Financial by 146.5% during the third quarter. Harbor Capital Advisors Inc. now owns 726,779 shares of the financial services provider’s stock valued at $9,368,000 after buying an additional 431,945 shares during the period. Strategic Financial Concepts LLC boosted its position in Ellington Financial by 1,667.2% during 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 in the last quarter. Prevail Innovative Wealth Advisors LLC bought a new stake in Ellington Financial during the second quarter valued at about $2,968,000. Van ECK Associates Corp boosted its position in 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 valued at $9,084,000 after purchasing an additional 183,544 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Ellington Financial by 1.0% during the first quarter. Vanguard Group Inc. now owns 4,879,336 shares of the financial services provider’s stock valued at $57,625,000 after purchasing an additional 45,979 shares in the last quarter. Hedge funds and other institutional investors own 55.62% of the company’s stock.

Ellington Financial Price Performance

Shares of EFC stock opened at $12.37 on Friday. Ellington Financial Inc. has a 1-year low of $10.88 and a 1-year high of $13.46. The stock’s 50-day moving average is $12.50 and its 200 day moving average is $12.55. The company has a market cap of $1.12 billion, a P/E 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.

Ellington Financial (NYSE:EFC) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The company had revenue of $33.63 million for the quarter, compared to the consensus estimate of $37.95 million. Ellington Financial had a return on equity of 10.26% and a net margin of 106.40%. During the same quarter last year, the company earned $0.33 earnings per share. Research analysts predict that Ellington Financial Inc. will post 1.37 earnings per share for the current fiscal 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 of this dividend is Friday, November 29th. Ellington Financial’s dividend payout ratio is presently 119.08%.

Insiders Place Their Bets

In other Ellington Financial news, CIO Michael W. Vranos sold 14,000 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $12.48, for a total value of $174,720.00. Following the completion of the sale, the executive now owns 168,359 shares of the company’s stock, valued at approximately $2,101,120.32. This trade represents a 7.68 % 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. Corporate insiders own 4.40% of the company’s stock.

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.