Ellington Financial (NYSE:EFC) Releases Earnings Results, Beats Expectations By $0.13 EPS

Ellington Financial (NYSE:EFC) issued its quarterly earnings results on Tuesday. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.13, FiscalAI reports. Ellington Financial had a return on equity of 16.58% and a net margin of 72.08%.The firm had revenue of $171.83 million during the quarter, compared to analyst estimates of $114.09 million.

Ellington Financial Stock Down 1.1%

NYSE EFC traded down $0.15 on Thursday, reaching $13.43. 720,524 shares of the stock traded hands, compared to its average volume of 1,947,780. The company has a debt-to-equity ratio of 11.02, a quick ratio of 47.25 and a current ratio of 47.25. The company has a fifty day moving average price of $12.35 and a 200-day moving average price of $13.10. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 8.09 and a beta of 0.94. Ellington Financial has a 12 month low of $11.27 and a 12 month high of $14.12.

Ellington Financial Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, April 30th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 11.6%. Ellington Financial’s payout ratio is 93.98%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Ellington Financial in a research note on Wednesday, January 21st. Wall Street Zen lowered Ellington Financial from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.56.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Danske Bank A S purchased a new position in shares of Ellington Financial in the 3rd quarter valued at $44,000. Tower Research Capital LLC TRC increased its holdings in shares of Ellington Financial by 227.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,853 shares of the financial services provider’s stock valued at $89,000 after acquiring an additional 4,761 shares during the period. Sei Investments Co. purchased a new position in shares of Ellington Financial in the 2nd quarter valued at $131,000. Quantbot Technologies LP purchased a new position in shares of Ellington Financial in the 2nd quarter valued at $138,000. Finally, one8zero8 LLC purchased a new position in shares of Ellington Financial in the 4th quarter valued at $149,000. 55.62% of the stock is currently owned by hedge funds and other institutional investors.

About Ellington Financial

Ellington Financial, Inc (NYSE: EFC) is a mortgage real estate investment trust (REIT) that focuses on generating attractive risk-adjusted returns through investments in residential and commercial mortgage-related assets. Established in 2013, the company is externally managed by Ellington Financial Management, L.P., a subsidiary of Ellington Management Group, an alternative asset management firm. EFC’s core strategy centers on actively acquiring and managing agency and non-agency residential mortgage-backed securities (MBS), mortgage servicing rights, residential whole loans, and other structured finance instruments, including asset-backed securities and commercial mortgage-backed securities (CMBS).

The company employs leverage and structured financing tools—such as repurchase agreements and secured credit facilities—to enhance portfolio yield while maintaining focus on risk mitigation.