BB&T Securities LLC cut its holdings in shares of Ellington Financial Inc (NYSE:EFC) by 3.5% in the third quarter, HoldingsChannel reports. The firm owned 27,552 shares of the financial services provider’s stock after selling 1,000 shares during the period. BB&T Securities LLC’s holdings in Ellington Financial were worth $497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Tower Research Capital LLC TRC increased its holdings in Ellington Financial by 108.9% in the second quarter. Tower Research Capital LLC TRC now owns 1,550 shares of the financial services provider’s stock valued at $28,000 after buying an additional 808 shares in the last quarter. Strs Ohio purchased a new position in Ellington Financial in the second quarter valued at $129,000. Wolverine Trading LLC purchased a new position in Ellington Financial in the second quarter valued at $184,000. Cambridge Investment Research Advisors Inc. purchased a new position in Ellington Financial in the third quarter valued at $193,000. Finally, Russell Investments Group Ltd. increased its holdings in Ellington Financial by 201.5% in the second quarter. Russell Investments Group Ltd. now owns 10,897 shares of the financial services provider’s stock valued at $193,000 after buying an additional 7,283 shares in the last quarter. Institutional investors own 51.40% of the company’s stock.

A number of research firms have weighed in on EFC. Nomura began coverage on shares of Ellington Financial in a report on Friday, September 27th. They issued a “buy” rating and a $20.00 price objective for the company. ValuEngine cut shares of Ellington Financial from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised shares of Ellington Financial from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a report on Thursday, October 24th. Finally, Maxim Group reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Ellington Financial in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $19.75.

EFC stock opened at $18.62 on Wednesday. The stock has a market capitalization of $633.88 million, a P/E ratio of 13.21 and a beta of 0.39. The firm has a 50-day simple moving average of $18.24 and a 200-day simple moving average of $17.95. The company has a quick ratio of 43.66, a current ratio of 43.66 and a debt-to-equity ratio of 4.01. Ellington Financial Inc has a 52 week low of $14.69 and a 52 week high of $18.89.

Ellington Financial (NYSE:EFC) last released its earnings results on Wednesday, November 6th. The financial services provider reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. The business had revenue of $39.99 million during the quarter, compared to analysts’ expectations of $39.03 million. Ellington Financial had a net margin of 28.49% and a return on equity of 9.28%. On average, analysts expect that Ellington Financial Inc will post 1.78 earnings per share for the current year.

The business also recently announced a monthly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.14 per share. The ex-dividend date is Wednesday, November 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 9.02%. Ellington Financial’s dividend payout ratio is currently 119.15%.

Ellington Financial Company Profile

Ellington Financial LLC, through its subsidiary Ellington Financial Operating Partnership LLC, operates as a specialty finance company in the United States. The company acquires and manages mortgage-related assets, including 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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