Ellington Financial (NYSE:EFC) Announces Quarterly Earnings Results

Ellington Financial (NYSE:EFC) released its quarterly earnings results on Thursday. The financial services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.14, Zacks reports. Ellington Financial had a net margin of 52.43% and a return on equity of 17.13%. The business had revenue of $134.11 million during the quarter, compared to analysts’ expectations of $114.59 million.

Ellington Financial Trading Up 3.5%

Ellington Financial stock traded up $0.46 during trading hours on Friday, reaching $13.60. The company had a trading volume of 2,231,489 shares, compared to its average volume of 1,146,854. 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 50-day moving average price of $13.50 and a 200 day moving average price of $13.03. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 8.29 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 Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, July 31st will be given a dividend of $0.13 per share. This represents a c) annualized dividend and a yield of 11.5%. The ex-dividend date is Friday, July 31st. Ellington Financial’s dividend payout ratio (DPR) is presently 93.98%.

Hedge Funds Weigh In On Ellington Financial

A number of institutional investors have recently bought and sold shares of the stock. Amundi raised its holdings in Ellington Financial by 106.8% in the fourth quarter. Amundi now owns 1,497,373 shares of the financial services provider’s stock worth $20,334,000 after purchasing an additional 773,291 shares in the last quarter. Hudson Bay Capital Management LP purchased a new position in Ellington Financial during the fourth quarter valued at $6,080,000. Millennium Management LLC bought a new stake in shares of Ellington Financial during the 3rd quarter valued at $4,941,000. Invesco Ltd. boosted its holdings in shares of Ellington Financial by 17.6% during the 3rd quarter. Invesco Ltd. now owns 2,218,506 shares of the financial services provider’s stock valued at $28,796,000 after buying an additional 331,934 shares in the last quarter. Finally, Dark Forest Capital Management LP purchased a new stake in shares of Ellington Financial in the 3rd quarter worth about $3,718,000. 55.62% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EFC has been the subject of several research reports. BTIG Research lowered shares of Ellington Financial from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 17th. Zacks Research downgraded Ellington Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Weiss Ratings raised Ellington Financial from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 14th. Finally, Wall Street Zen raised Ellington Financial from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Ellington Financial currently has an average rating of “Hold” and an average target price of $13.88.

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.