New York State Teachers Retirement System lifted its holdings in Ellington Financial Inc. (NYSE:EFC – Free Report) by 11.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 16,800 shares of the financial services provider’s stock after buying an additional 1,700 shares during the quarter. New York State Teachers Retirement System’s holdings in Ellington Financial were worth $232,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of EFC. Raymond James & Associates lifted its position in Ellington Financial by 56.7% in the 2nd quarter. Raymond James & Associates now owns 20,773 shares of the financial services provider’s stock valued at $287,000 after purchasing an additional 7,520 shares during the last quarter. Paul Damon & Associates Inc. bought a new stake in Ellington Financial in the 2nd quarter valued at about $138,000. Louisiana State Employees Retirement System lifted its position in Ellington Financial by 13.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 33,500 shares of the financial services provider’s stock valued at $462,000 after purchasing an additional 4,000 shares during the last quarter. Claybrook Capital LLC lifted its position in Ellington Financial by 92.2% in the 2nd quarter. Claybrook Capital LLC now owns 33,695 shares of the financial services provider’s stock valued at $465,000 after purchasing an additional 16,165 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in Ellington Financial by 38.8% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 18,553 shares of the financial services provider’s stock valued at $256,000 after purchasing an additional 5,191 shares during the last quarter. 50.18% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of analysts have commented on the stock. JMP Securities restated a “market outperform” rating and set a $14.50 price target on shares of Ellington Financial in a research report on Friday, July 21st. StockNews.com assumed coverage on shares of Ellington Financial in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Finally, B. Riley assumed coverage on shares of Ellington Financial in a research report on Thursday, October 19th. They set a “buy” rating and a $15.00 price target on the stock. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $14.31.
Ellington Financial Stock Performance
Shares of EFC opened at $12.00 on Friday. The firm’s 50 day moving average is $12.81 and its 200-day moving average is $12.97. The stock has a market capitalization of $816.24 million, a P/E ratio of 27.27 and a beta of 1.85. The company has a debt-to-equity ratio of 12.26, a current ratio of 43.02 and a quick ratio of 43.02. Ellington Financial Inc. has a 12-month low of $10.81 and a 12-month high of $14.62.
Ellington Financial (NYSE:EFC – Get Free Report) last announced its quarterly earnings data on Monday, August 7th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.01. The company had revenue of $24.66 million for the quarter, compared to analysts’ expectations of $26.55 million. Ellington Financial had a net margin of 42.05% and a return on equity of 12.65%. Equities research analysts anticipate that Ellington Financial Inc. will post 1.69 EPS for the current fiscal year.
Ellington Financial Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Monday, November 27th. Stockholders of record on Tuesday, October 31st will be given a $0.15 dividend. This represents a $1.80 annualized dividend and a dividend yield of 15.00%. The ex-dividend date is Monday, October 30th. Ellington Financial’s dividend payout ratio (DPR) is currently 409.10%.
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 residential mortgage loans; RMBS for which the principal and interest payments are guaranteed by the U.S.
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