Ellington Financial (NYSE:EFC – Get Free Report) will release its earnings data after the market closes on Monday, February 26th. Analysts expect Ellington Financial to post earnings of $0.41 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
Ellington Financial Price Performance
Shares of EFC opened at $12.16 on Friday. Ellington Financial has a fifty-two week low of $10.81 and a fifty-two week high of $14.21. The firm has a market capitalization of $827.12 million, a PE ratio of 11.16 and a beta of 1.96. The company’s 50-day moving average is $12.50 and its 200-day moving average is $12.72. The company has a debt-to-equity ratio of 12.48, a current ratio of 39.81 and a quick ratio of 39.81.
Ellington Financial Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Monday, March 25th. Shareholders of record on Thursday, February 29th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, February 28th. This represents a $1.80 dividend on an annualized basis and a yield of 14.80%. Ellington Financial’s payout ratio is 165.14%.
Analyst Ratings Changes
View Our Latest Stock Analysis on EFC
Insider Activity
In related news, Director Lisa Mumford sold 21,180 shares of Ellington Financial stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $13.06, for a total transaction of $276,610.80. Following the sale, the director now directly owns 63,540 shares in the company, valued at approximately $829,832.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 6.40% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in Ellington Financial by 8.6% during the 1st quarter. BlackRock Inc. now owns 11,559,525 shares of the financial services provider’s stock worth $141,142,000 after purchasing an additional 918,081 shares during the last quarter. Vanguard Group Inc. increased its stake in Ellington Financial by 13.4% during the 4th quarter. Vanguard Group Inc. now owns 4,833,357 shares of the financial services provider’s stock valued at $61,432,000 after purchasing an additional 569,935 shares in the last quarter. State Street Corp increased its stake in Ellington Financial by 9.3% during the 1st quarter. State Street Corp now owns 2,524,719 shares of the financial services provider’s stock valued at $31,202,000 after purchasing an additional 215,824 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Ellington Financial by 5.3% during the 2nd quarter. Geode Capital Management LLC now owns 1,277,320 shares of the financial services provider’s stock valued at $17,627,000 after purchasing an additional 63,965 shares in the last quarter. Institutional investors own 50.18% 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 residential mortgage loans; RMBS for which the principal and interest payments are guaranteed by the U.S.
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