Denali Advisors LLC Raises Stock Position in Ellington Financial Inc. $EFC

Denali Advisors LLC raised its stake in shares of Ellington Financial Inc. (NYSE:EFC) by 679.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,133 shares of the financial services provider’s stock after purchasing an additional 76,833 shares during the quarter. Denali Advisors LLC’s holdings in Ellington Financial were worth $1,197,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in EFC. Vanguard Group Inc. increased its position in Ellington Financial by 7.2% during the 3rd quarter. Vanguard Group Inc. now owns 6,653,590 shares of the financial services provider’s stock valued at $86,364,000 after purchasing an additional 449,074 shares during the period. Dana Investment Advisors Inc. bought a new stake in shares of Ellington Financial during the 3rd quarter valued at $4,997,000. 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 bought a new stake in shares of Ellington Financial during the 3rd quarter valued at $3,718,000. 55.62% of the stock is owned by hedge funds and other institutional investors.

Ellington Financial Stock Performance

Shares of Ellington Financial stock opened at $13.62 on Friday. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 8.20 and a beta of 0.94. The firm’s 50-day moving average is $12.37 and its 200 day moving average is $13.10. Ellington Financial Inc. has a 1 year low of $11.27 and a 1 year high of $14.12. The company has a debt-to-equity ratio of 10.18, a current ratio of 41.03 and a quick ratio of 47.25.

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, topping analysts’ consensus estimates of $0.42 by $0.13. The company had revenue of $171.83 million for the quarter, compared to analysts’ expectations of $114.09 million. Ellington Financial had a net margin of 72.08% and a return on equity of 15.81%. Sell-side analysts anticipate that Ellington Financial Inc. will post 1.92 EPS for the current fiscal year.

Ellington Financial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be given a $0.13 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 11.5%. Ellington Financial’s payout ratio is 93.98%.

Analyst Ratings Changes

A number of analysts have recently commented on EFC shares. Wall Street Zen upgraded shares of Ellington Financial from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of Ellington Financial in a report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.56.

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.