15,920 Shares in Ellington Financial Inc. (NYSE:EFC) Bought by Prevail Innovative Wealth Advisors LLC

Prevail Innovative Wealth Advisors LLC acquired a new position in shares of Ellington Financial Inc. (NYSE:EFC) during the 4th quarter, Holdings Channel.com reports. The fund acquired 15,920 shares of the financial services provider’s stock, valued at approximately $193,000.

A number of other institutional investors also recently bought and sold shares of EFC. Charles Schwab Investment Management Inc. grew its holdings in shares of Ellington Financial by 5.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 778,931 shares of the financial services provider’s stock worth $10,040,000 after buying an additional 41,669 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Ellington Financial by 12.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 27,714 shares of the financial services provider’s stock worth $357,000 after acquiring an additional 3,096 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Ellington Financial by 88.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 134,926 shares of the financial services provider’s stock valued at $1,739,000 after purchasing an additional 63,515 shares during the last quarter. Atom Investors LP acquired a new position in shares of Ellington Financial in the third quarter valued at approximately $130,000. Finally, Janus Henderson Group PLC raised its stake in shares of Ellington Financial by 128.5% during the third quarter. Janus Henderson Group PLC now owns 51,197 shares of the financial services provider’s stock worth $660,000 after purchasing an additional 28,790 shares during the last quarter. 55.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on EFC shares. JMP Securities reissued a “market outperform” rating and issued a $14.00 price objective on shares of Ellington Financial in a research note on Thursday, January 23rd. B. Riley raised Ellington Financial to a “strong-buy” rating in a research note on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Ellington Financial from $13.75 to $14.50 and gave the stock an “outperform” rating in a research report on Monday, March 3rd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Ellington Financial presently has an average rating of “Moderate Buy” and an average price target of $14.00.

Ellington Financial Stock Down 0.7 %

EFC stock opened at $13.27 on Monday. Ellington Financial Inc. has a one year low of $10.88 and a one year high of $14.40. The stock has a market capitalization of $1.20 billion, a P/E ratio of 10.13 and a beta of 1.99. The company has a 50 day moving average price of $13.07 and a two-hundred day moving average price of $12.67. The company has a debt-to-equity ratio of 10.87, a quick ratio of 37.04 and a current ratio of 37.04.

Ellington Financial (NYSE:EFC) last announced its quarterly earnings data on Thursday, February 27th. The financial services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.07. The business had revenue of $38.13 million for the quarter, compared to analyst estimates of $112.88 million. Ellington Financial had a net margin of 106.40% and a return on equity of 10.26%. As a group, sell-side analysts expect that Ellington Financial Inc. will post 1.38 EPS for the current year.

Ellington Financial Dividend Announcement

The firm also recently announced a mar 25 dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be issued a dividend of $0.13 per share. The ex-dividend date is Monday, March 31st. This represents a dividend yield of 11.7%. Ellington Financial’s payout ratio is 113.04%.

About Ellington Financial

Ellington Financial Inc, through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. The company acquires and manages residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, manufactured housing, and subprime mortgage; RMBS for which the principal and interest payments are guaranteed by the U.S.