Ellington Financial (NYSE:EFC) insider Michael W. Vranos bought 79,795 shares of the company’s stock in a transaction on Monday, May 14th. The stock was bought at an average cost of $15.83 per share, for a total transaction of $1,263,154.85. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Ellington Financial opened at $16.02 on Friday, Marketbeat.com reports. Ellington Financial has a 1-year low of $16.01 and a 1-year high of $16.06. The company has a debt-to-equity ratio of 2.63, a current ratio of 2.50 and a quick ratio of 2.50. The firm has a market capitalization of $484.45 million, a PE ratio of 15.29 and a beta of 0.30.
Ellington Financial (NYSE:EFC) last posted its quarterly earnings results on Tuesday, February 13th. The financial services provider reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.04). Ellington Financial had a return on equity of 5.39% and a net margin of 40.17%. The business had revenue of $25.10 million during the quarter, compared to analysts’ expectations of $24.63 million. research analysts anticipate that Ellington Financial will post 1.4 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 10.24%. The ex-dividend date is Thursday, May 31st. Ellington Financial’s dividend payout ratio is currently 151.85%.
Several hedge funds have recently bought and sold shares of the company. Ranger Global Real Estate Advisors LLC raised its stake in shares of Ellington Financial by 1.4% in the fourth quarter. Ranger Global Real Estate Advisors LLC now owns 686,512 shares of the financial services provider’s stock worth $9,961,000 after purchasing an additional 9,450 shares during the last quarter. Wasatch Advisors Inc. purchased a new position in shares of Ellington Financial in the fourth quarter worth $222,000. Edge Wealth Management LLC raised its stake in shares of Ellington Financial by 640.0% in the fourth quarter. Edge Wealth Management LLC now owns 18,500 shares of the financial services provider’s stock worth $267,000 after purchasing an additional 16,000 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Ellington Financial in the first quarter worth $361,000. Finally, Mutual of America Capital Management LLC raised its stake in shares of Ellington Financial by 5.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 455,306 shares of the financial services provider’s stock worth $6,606,000 after purchasing an additional 25,303 shares during the last quarter. Hedge funds and other institutional investors own 45.62% of the company’s stock.
Several research firms have commented on EFC. Keefe, Bruyette & Woods set a $17.00 target price on Ellington Financial and gave the stock a “hold” rating in a report on Saturday, February 17th. B. Riley set a $16.00 target price on Ellington Financial and gave the stock a “hold” rating in a report on Thursday, February 15th. Zacks Investment Research raised Ellington Financial from a “sell” rating to a “hold” rating in a report on Tuesday, March 13th. ValuEngine downgraded Ellington Financial from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Finally, Maxim Group reissued a “buy” rating and issued a $19.00 target price on shares of Ellington Financial in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $17.20.
About Ellington Financial
Ellington Financial LLC, through its subsidiary Ellington Financial Operating Partnership LLC, operates as a specialty finance company in the United States. The company acquires and manages mortgage-related assets, including 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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