Janus Henderson Group PLC Purchases 28,790 Shares of Ellington Financial Inc. (NYSE:EFC)

Janus Henderson Group PLC lifted its position in Ellington Financial Inc. (NYSE:EFC) by 128.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 51,197 shares of the financial services provider’s stock after buying an additional 28,790 shares during the period. Janus Henderson Group PLC’s holdings in Ellington Financial were worth $660,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. increased its position in Ellington Financial by 146.5% during 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 purchasing an additional 431,945 shares during the period. Strategic Financial Concepts LLC increased its holdings 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 buying an additional 266,746 shares during the period. Prevail Innovative Wealth Advisors LLC bought a new position in Ellington Financial in the second quarter worth approximately $2,968,000. Van ECK Associates Corp lifted its holdings 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 worth $9,084,000 after buying an additional 183,544 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Ellington Financial by 88.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 134,926 shares of the financial services provider’s stock worth $1,739,000 after buying an additional 63,515 shares during the period. 55.62% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ellington Financial

In other news, CIO Michael W. Vranos sold 14,000 shares of the company’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $12.48, for a total transaction 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 represents a 7.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.40% of the stock is owned by insiders.

Ellington Financial Trading Up 0.1 %

Shares of NYSE:EFC opened at $12.35 on Friday. The company has a market capitalization of $1.12 billion, a PE ratio of 9.43 and a beta of 1.97. The company has a current ratio of 37.04, a quick ratio of 37.04 and a debt-to-equity ratio of 10.87. Ellington Financial Inc. has a 12-month low of $10.88 and a 12-month high of $13.46. The business’s fifty day simple moving average is $12.38 and its 200-day simple moving average is $12.58.

Ellington Financial (NYSE:EFC) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. The company 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 in the previous year, the firm earned $0.33 earnings per share. As a group, equities research analysts predict that Ellington Financial Inc. will post 1.37 earnings per share for the current fiscal year.

Ellington Financial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, January 27th. Investors of record on Tuesday, December 31st will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.56 dividend on an annualized basis and a yield of 12.63%. Ellington Financial’s payout ratio is 119.08%.

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.