Ellington Financial Inc. (NYSE:EFC) Short Interest Down 12.6% in November

by · The Cerbat Gem

Ellington Financial Inc. (NYSE:EFC – Get Free Report) was the target of a significant decline in short interest in November. As of November 15th, there was short interest totalling 4,310,000 shares, a decline of 12.6% from the October 31st total of 4,930,000 shares. Based on an average daily volume of 832,800 shares, the short-interest ratio is currently 5.2 days.

Insider Buying and Selling at Ellington Financial

In other Ellington Financial news, CIO Michael W. Vranos sold 14,000 shares of Ellington Financial stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $12.48, for a total value of $174,720.00. Following the transaction, the executive now owns 168,359 shares in the company, valued at $2,101,120.32. The trade was a 7.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 4.40% of the company’s stock.

Hedge Funds Weigh In On Ellington Financial

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Ellington Financial by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 4,879,336 shares of the financial services provider’s stock valued at $57,625,000 after acquiring an additional 45,979 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in shares of Ellington Financial by 6.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 105,288 shares of the financial services provider’s stock valued at $1,242,000 after purchasing an additional 6,517 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Ellington Financial by 4.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 54,094 shares of the financial services provider’s stock worth $639,000 after purchasing an additional 2,500 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Ellington Financial in the 1st quarter valued at about $163,000. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Ellington Financial by 359.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 294,834 shares of the financial services provider’s stock valued at $3,562,000 after buying an additional 230,722 shares during the period. Institutional investors own 55.62% of the company’s stock.

Ellington Financial Price Performance

Shares of EFC traded up $0.02 during mid-day trading on Friday, reaching $12.36. The company had a trading volume of 411,232 shares, compared to its average volume of 815,766. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 9.44 and a beta of 1.99. The company has a debt-to-equity ratio of 10.87, a quick ratio of 37.04 and a current ratio of 37.04. The company’s 50 day simple moving average is $12.49 and its 200 day simple moving average is $12.56. Ellington Financial has a 1-year low of $10.88 and a 1-year high of $13.46.

Ellington Financial (NYSE:EFC – Get Free Report) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The firm had revenue of $33.63 million for the quarter, compared to analyst estimates of $37.95 million. Ellington Financial had a net margin of 106.40% and a return on equity of 10.26%. During the same quarter last year, the business posted $0.33 earnings per share. Analysts expect that Ellington Financial will post 1.37 EPS for the current year.

Ellington Financial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 26th. Investors of record on Friday, November 29th will be given a dividend of $0.13 per share. The ex-dividend date is Friday, November 29th. This represents a $1.56 dividend on an annualized basis and a yield of 12.62%. Ellington Financial’s dividend payout ratio is currently 119.08%.

Ellington Financial Company Profile

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

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