Ellington Financial (NYSE:EFC) Stock Passes Above 200-Day Moving Average – Here’s Why

Ellington Financial Inc. (NYSE:EFC) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.08 and traded as high as $13.59. Ellington Financial shares last traded at $13.4450, with a volume of 1,981,994 shares traded.

Analyst Ratings Changes

Several research firms recently weighed in on EFC. Wall Street Zen upgraded Ellington Financial from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings upgraded shares of Ellington Financial from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 14th. Zacks Research raised shares of Ellington Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Finally, BTIG Research lowered shares of Ellington Financial from a “buy” rating to a “neutral” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.08.

Ellington Financial Stock Performance

The company has a debt-to-equity ratio of 10.18, a current ratio of 42.65 and a quick ratio of 42.65. The company has a market cap of $1.69 billion, a PE ratio of 8.10 and a beta of 0.94. The business has a fifty day simple moving average of $13.30 and a two-hundred day simple moving average of $13.08.

Ellington Financial (NYSE:EFC) last announced its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.13. The business had revenue of $188.83 million for the quarter, compared to the consensus estimate of $114.09 million. Ellington Financial had a return on equity of 15.81% and a net margin of 72.08%. Research analysts anticipate that Ellington Financial Inc. will post 1.95 earnings per share for the current year.

Ellington Financial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be issued a $0.13 dividend. The ex-dividend date is Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 11.6%. Ellington Financial’s payout ratio is currently 93.98%.

Institutional Trading of Ellington Financial

Institutional investors have recently modified their holdings of the company. Dana Investment Advisors Inc. purchased a new stake in Ellington Financial during the 3rd quarter valued at about $4,997,000. Denali Advisors LLC raised its stake in shares of Ellington Financial by 679.9% in the fourth quarter. Denali Advisors LLC now owns 88,133 shares of the financial services provider’s stock worth $1,197,000 after purchasing an additional 76,833 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Ellington Financial by 7.2% during the third quarter. Vanguard Group Inc. now owns 6,653,590 shares of the financial services provider’s stock worth $86,364,000 after purchasing an additional 449,074 shares during the period. Artemis Investment Management LLP acquired a new stake in shares of Ellington Financial during the fourth quarter worth about $2,654,000. Finally, M&T Bank Corp boosted its position in Ellington Financial by 453.1% in the fourth quarter. M&T Bank Corp now owns 67,899 shares of the financial services provider’s stock valued at $922,000 after buying an additional 55,622 shares during the last quarter. 55.62% of the stock is currently owned by institutional investors.

Ellington Financial Company Profile

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.