Royal Bank of Canada lessened its position in shares of Ellington Financial LLC (NYSE:EFC) by 9.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,142 shares of the financial services provider’s stock after selling 807 shares during the period. Royal Bank of Canada’s holdings in Ellington Financial were worth $132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. HighTower Advisors LLC purchased a new position in Ellington Financial in the 2nd quarter worth approximately $1,003,000. Virtu KCG Holdings LLC boosted its stake in shares of Ellington Financial by 254.7% in the 2nd quarter. Virtu KCG Holdings LLC now owns 44,243 shares of the financial services provider’s stock valued at $717,000 after purchasing an additional 31,768 shares in the last quarter. FMR LLC boosted its stake in shares of Ellington Financial by 24.0% in the 2nd quarter. FMR LLC now owns 1,522,518 shares of the financial services provider’s stock valued at $24,680,000 after purchasing an additional 294,734 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Ellington Financial in the 2nd quarter valued at $277,000. Finally, BB&T Securities LLC boosted its stake in shares of Ellington Financial by 21.1% in the 2nd quarter. BB&T Securities LLC now owns 47,142 shares of the financial services provider’s stock valued at $764,000 after purchasing an additional 8,200 shares in the last quarter. 50.92% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ellington Financial LLC (NYSE EFC) traded up $0.04 on Monday, reaching $15.50. 54,000 shares of the company’s stock traded hands, compared to its average volume of 79,532. The stock has a market cap of $494.54, a PE ratio of 13.60 and a beta of 0.41. The company has a quick ratio of 3.90, a current ratio of 3.90 and a debt-to-equity ratio of 1.91. Ellington Financial LLC has a fifty-two week low of $14.76 and a fifty-two week high of $17.00.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.41 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.64 annualized dividend and a yield of 10.58%. Ellington Financial’s payout ratio is currently 204.55%.

EFC has been the subject of a number of research reports. Keefe, Bruyette & Woods set a $17.00 price objective on shares of Ellington Financial and gave the company a “hold” rating in a research note on Monday, November 13th. Deutsche Bank AG cut their price objective on shares of Ellington Financial from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, November 8th. B. Riley cut shares of Ellington Financial from a “buy” rating to a “neutral” rating and cut their price objective for the company from $17.50 to $16.00 in a research note on Wednesday, November 8th. Zacks Investment Research cut shares of Ellington Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, BidaskClub cut shares of Ellington Financial from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. Ellington Financial currently has an average rating of “Hold” and a consensus price target of $17.50.

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About Ellington Financial

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

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