SG Americas Securities LLC Buys 24,079 Shares of Ellington Financial Inc. (NYSE:EFC)

SG Americas Securities LLC raised its holdings in Ellington Financial Inc. (NYSE:EFC) by 104.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,051 shares of the financial services provider’s stock after buying an additional 24,079 shares during the quarter. SG Americas Securities LLC owned 0.06% of Ellington Financial worth $606,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of EFC. PNC Financial Services Group Inc. grew its holdings in shares of Ellington Financial by 35.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,757 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 992 shares during the last quarter. Optimum Investment Advisors lifted its position in Ellington Financial by 7.8% during the 1st quarter. Optimum Investment Advisors now owns 13,900 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 1,000 shares during the period. Maryland State Retirement & Pension System lifted its position in Ellington Financial by 3.6% during the 2nd quarter. Maryland State Retirement & Pension System now owns 29,651 shares of the financial services provider’s stock valued at $358,000 after purchasing an additional 1,043 shares during the period. ProShare Advisors LLC lifted its position in Ellington Financial by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 15,246 shares of the financial services provider’s stock valued at $180,000 after purchasing an additional 1,057 shares during the period. Finally, Texas Permanent School Fund Corp lifted its position in Ellington Financial by 2.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 68,987 shares of the financial services provider’s stock valued at $815,000 after purchasing an additional 1,548 shares during the period. Institutional investors own 55.62% of the company’s stock.

Ellington Financial Stock Performance

Ellington Financial stock opened at $12.53 on Tuesday. Ellington Financial Inc. has a 12-month low of $10.88 and a 12-month high of $13.46. The company has a quick ratio of 73.16, a current ratio of 73.16 and a debt-to-equity ratio of 10.84. The business’s 50-day moving average price is $12.94 and its two-hundred day moving average price is $12.35. The stock has a market cap of $1.07 billion, a PE ratio of 19.57 and a beta of 1.98.

Ellington Financial (NYSE:EFC) last released its earnings results on Tuesday, August 6th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The business had revenue of $33.60 million during the quarter, compared to the consensus estimate of $37.20 million. Ellington Financial had a net margin of 103.55% and a return on equity of 9.76%. During the same quarter in the prior year, the firm earned $0.38 EPS. As a group, analysts expect that Ellington Financial Inc. will post 1.37 earnings per share for the current fiscal year.

Ellington Financial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, October 31st will be paid a $0.13 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 12.46%. The ex-dividend date is Thursday, October 31st. Ellington Financial’s dividend payout ratio is currently 243.75%.

Analysts Set New Price Targets

Separately, JMP Securities lowered their target price on Ellington Financial from $14.50 to $14.00 and set a “market outperform” rating for the company in a research note on Wednesday, July 24th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $13.85.

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.