Ellington Financial Inc. (NYSE:EFC) Shares Bought by State Street Corp

State Street Corp lifted its position in shares of Ellington Financial Inc. (NYSE:EFC) by 4.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,140,371 shares of the financial services provider’s stock after purchasing an additional 124,943 shares during the period. State Street Corp owned about 3.46% of Ellington Financial worth $40,885,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Strategic Financial Concepts LLC increased 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 worth $34,000 after buying an additional 266,746 shares during the period. Prospera Private Wealth LLC purchased a new position in shares of Ellington Financial during the third quarter worth approximately $68,000. Members Trust Co acquired a new position in shares of Ellington Financial in the 3rd quarter valued at $129,000. Atom Investors LP purchased a new stake in Ellington Financial in the 3rd quarter valued at $130,000. Finally, PFG Investments LLC purchased a new stake in Ellington Financial in the 2nd quarter valued at $141,000. 55.62% of the stock is owned by hedge funds and other institutional investors.

Ellington Financial Trading Up 0.7 %

Shares of Ellington Financial stock opened at $12.13 on Friday. The company has a debt-to-equity ratio of 10.87, a quick ratio of 37.04 and a current ratio of 37.04. The company has a market capitalization of $1.10 billion, a P/E ratio of 9.26 and a beta of 1.97. Ellington Financial Inc. has a 1 year low of $10.88 and a 1 year high of $13.46. The company’s fifty day moving average is $12.37 and its two-hundred day moving average is $12.57.

Ellington Financial (NYSE:EFC) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The firm had revenue of $33.63 million for the quarter, compared to analyst estimates 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 posted $0.33 earnings per share. Analysts forecast that Ellington Financial Inc. will post 1.37 earnings per share for the current year.

Ellington Financial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, January 27th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.13 per share. This represents a $1.56 annualized dividend and a dividend yield of 12.86%. The ex-dividend date of this dividend is Tuesday, December 31st. Ellington Financial’s dividend payout ratio is presently 119.08%.

Insider Buying and Selling at Ellington Financial

In other Ellington Financial news, CIO Michael W. Vranos sold 14,000 shares of Ellington Financial stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $12.48, for a total value of $174,720.00. Following the sale, the executive now owns 168,359 shares of the company’s stock, valued at approximately $2,101,120.32. The trade was a 7.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.40% of the stock is currently owned by corporate insiders.

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.