Ellington Financial Inc. (NYSE:EFC) Shares Acquired by Penserra Capital Management LLC

Penserra Capital Management LLC boosted its holdings in Ellington Financial Inc. (NYSE:EFC) by 22.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 81,432 shares of the financial services provider’s stock after purchasing an additional 15,190 shares during the period. Penserra Capital Management LLC owned about 0.09% of Ellington Financial worth $1,049,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Global Retirement Partners LLC boosted its stake in shares of Ellington Financial by 2.0% during the 3rd quarter. Global Retirement Partners LLC now owns 47,814 shares of the financial services provider’s stock valued at $616,000 after buying an additional 919 shares during the last quarter. Maryland State Retirement & Pension System boosted its stake in Ellington Financial by 3.6% during the 2nd quarter. Maryland State Retirement & Pension System now owns 29,651 shares of the financial services provider’s stock valued at $358,000 after acquiring an additional 1,043 shares during the last quarter. ProShare Advisors LLC boosted its stake in Ellington Financial by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 15,246 shares of the financial services provider’s stock valued at $180,000 after acquiring an additional 1,057 shares during the last quarter. CWM LLC grew its holdings in Ellington Financial by 150.2% during the 2nd quarter. CWM LLC now owns 2,602 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 1,562 shares in the last quarter. Finally, Portside Wealth Group LLC increased its position in shares of Ellington Financial by 13.3% in the 3rd quarter. Portside Wealth Group LLC now owns 14,415 shares of the financial services provider’s stock worth $186,000 after purchasing an additional 1,688 shares during the last quarter. Institutional investors and hedge funds own 55.62% of the company’s stock.

Insiders Place Their Bets

In other news, CIO Michael W. Vranos sold 14,000 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $12.48, for a total transaction of $174,720.00. Following the completion of the transaction, the executive now directly owns 168,359 shares of the company’s stock, valued at approximately $2,101,120.32. This represents a 7.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.40% of the stock is owned by corporate insiders.

Ellington Financial Stock Performance

Shares of EFC stock opened at $12.37 on Wednesday. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 9.49 and a beta of 1.99. Ellington Financial Inc. has a one year low of $10.88 and a one year high of $13.46. The company’s 50-day simple moving average is $12.55 and its 200-day simple moving average is $12.55. 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 released its earnings results on Wednesday, November 6th. The financial services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Ellington Financial had a return on equity of 10.26% and a net margin of 106.40%. The company had revenue of $33.63 million for the quarter, compared to the consensus estimate of $37.95 million. During the same quarter last year, the business posted $0.33 EPS. Equities analysts anticipate that Ellington Financial Inc. will post 1.37 earnings per share for the current fiscal year.

Ellington Financial Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.56 annualized dividend and a yield of 12.61%. Ellington Financial’s payout ratio is 119.08%.

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.