Mutual of America Capital Management LLC Raises Stake in Ellington Financial Inc. (NYSE:EFC)

Mutual of America Capital Management LLC increased its holdings in Ellington Financial Inc. (NYSE:EFCFree Report) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 425,287 shares of the financial services provider’s stock after buying an additional 9,710 shares during the period. Mutual of America Capital Management LLC owned about 0.63% of Ellington Financial worth $5,303,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its position in Ellington Financial by 126.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,359 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 759 shares in the last quarter. Portside Wealth Group LLC raised its position in shares of Ellington Financial by 8.3% during the 3rd quarter. Portside Wealth Group LLC now owns 10,903 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 835 shares in the last quarter. HighTower Advisors LLC increased its position in Ellington Financial by 7.8% in the fourth quarter. HighTower Advisors LLC now owns 11,792 shares of the financial services provider’s stock worth $146,000 after buying an additional 855 shares during the period. Nisa Investment Advisors LLC increased its position in Ellington Financial by 2.4% in the third quarter. Nisa Investment Advisors LLC now owns 43,174 shares of the financial services provider’s stock worth $538,000 after buying an additional 996 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in shares of Ellington Financial by 5.7% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 18,462 shares of the financial services provider’s stock valued at $255,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 50.18% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on EFC shares. UBS Group began coverage on Ellington Financial in a research report on Wednesday, December 6th. They set a “neutral” rating and a $13.50 price objective for the company. B. Riley initiated coverage on Ellington Financial in a report on Thursday, October 19th. They issued a “buy” rating and a $15.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.19.

Read Our Latest Stock Analysis on Ellington Financial

Ellington Financial Stock Performance

NYSE:EFC opened at $12.00 on Monday. The stock has a market cap of $816.24 million, a P/E ratio of 11.01 and a beta of 1.96. The stock has a 50 day simple moving average of $12.68 and a 200 day simple moving average of $12.81. The company has a current ratio of 39.81, a quick ratio of 39.81 and a debt-to-equity ratio of 12.48. Ellington Financial Inc. has a 1-year low of $10.81 and a 1-year high of $14.21.

Ellington Financial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 25th. Investors of record on Thursday, February 29th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $1.80 dividend on an annualized basis and a yield of 15.00%. Ellington Financial’s dividend payout ratio is currently 165.14%.

Insider Buying and Selling

In other Ellington Financial news, Director Lisa Mumford sold 21,180 shares of Ellington Financial stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $13.06, for a total transaction of $276,610.80. Following the transaction, the director now directly owns 63,540 shares of the company’s stock, valued at approximately $829,832.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.50% of the stock is currently owned by corporate insiders.

Ellington Financial Company Profile

(Free Report)

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 residential mortgage loans; RMBS for which the principal and interest payments are guaranteed by the U.S.

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Institutional Ownership by Quarter for Ellington Financial (NYSE:EFC)

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