Ellington Financial (NYSE:EFC) announced its quarterly earnings data on Monday. The financial services provider reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46, Fidelity Earnings reports. Ellington Financial had a net margin of 155.44% and a return on equity of 9.96%. During the same quarter in the prior year, the company earned $0.41 earnings per share.
Shares of Ellington Financial stock traded up $0.05 during trading on Tuesday, hitting $18.21. The company’s stock had a trading volume of 8,785 shares, compared to its average volume of 838,130. The company has a debt-to-equity ratio of 3.66, a current ratio of 21.48 and a quick ratio of 21.48. Ellington Financial has a 52 week low of $13.24 and a 52 week high of $19.60. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 4.42 and a beta of 2.07. The stock has a 50-day moving average price of $18.44 and a two-hundred day moving average price of $18.52.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 27th. Investors of record on Tuesday, November 30th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, November 29th. This represents a $1.80 annualized dividend and a dividend yield of 9.88%. Ellington Financial’s dividend payout ratio is 43.80%.
An institutional investor recently raised its position in Ellington Financial stock. Morgan Stanley raised its position in shares of Ellington Financial Inc. (NYSE:EFC) by 301.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 379,137 shares of the financial services provider’s stock after acquiring an additional 284,635 shares during the quarter. Morgan Stanley owned about 0.76% of Ellington Financial worth $7,260,000 as of its most recent SEC filing. Institutional investors and hedge funds own 53.46% of the company’s stock.
Several research analysts have commented on EFC shares. Zacks Investment Research downgraded shares of Ellington Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, October 19th. Piper Sandler restated an “overweight” rating and set a $19.50 price objective on shares of Ellington Financial in a research report on Monday, November 1st. Finally, JMP Securities boosted their price objective on shares of Ellington Financial from $18.50 to $20.00 and gave the company a “market outperform” rating in a research report on Monday, October 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $18.44.
Ellington Financial Company Profile
Ellington Financial, Inc operates as an investment trust. The firm engages in the provision of investment services. It manages mortgage-backed assets, securities, loans and real estate debts. The company was founded on July 9, 2007 and is headquartered in Old Greenwich, CT.