Citigroup Inc. lessened its position in shares of Ellington Financial LLC (NYSE:EFC) by 5.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 477,975 shares of the financial services provider’s stock after selling 29,126 shares during the period. Citigroup Inc. owned approximately 1.49% of Ellington Financial worth $7,748,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of EFC. Ranger Global Real Estate Advisors LLC bought a new stake in shares of Ellington Financial during the 1st quarter worth approximately $11,078,000. Global X Management Co. LLC lifted its holdings in shares of Ellington Financial by 15.6% during the 1st quarter. Global X Management Co. LLC now owns 471,999 shares of the financial services provider’s stock worth $7,472,000 after acquiring an additional 63,790 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Ellington Financial by 319.4% during the 2nd quarter. Acadian Asset Management LLC now owns 78,507 shares of the financial services provider’s stock worth $1,272,000 after acquiring an additional 59,788 shares during the period. Tahithromos L.L.C. lifted its holdings in shares of Ellington Financial by 37.0% during the 1st quarter. Tahithromos L.L.C. now owns 121,245 shares of the financial services provider’s stock worth $1,919,000 after acquiring an additional 32,752 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of Ellington Financial by 9.6% during the 1st quarter. Morgan Stanley now owns 329,948 shares of the financial services provider’s stock worth $5,224,000 after acquiring an additional 29,027 shares during the period. 50.54% of the stock is owned by institutional investors.

Shares of Ellington Financial LLC (NYSE:EFC) opened at 15.69 on Friday. The stock’s 50 day moving average is $15.93 and its 200-day moving average is $16.19. Ellington Financial LLC has a one year low of $15.30 and a one year high of $17.20. The company has a market cap of $503.84 million, a P/E ratio of 23.04 and a beta of 0.44.

Ellington Financial (NYSE:EFC) last issued its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.06). The firm had revenue of $22.66 million for the quarter, compared to analysts’ expectations of $21.82 million. Ellington Financial had a net margin of 26.67% and a return on equity of 5.48%. Ellington Financial’s revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 EPS. Equities research analysts forecast that Ellington Financial LLC will post $1.34 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a dividend of $0.45 per share. The ex-dividend date was Wednesday, August 30th. This represents a $1.80 annualized dividend and a yield of 11.48%. Ellington Financial’s dividend payout ratio is currently 257.15%.

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A number of analysts have recently weighed in on the stock. ValuEngine raised shares of Ellington Financial from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub downgraded shares of Ellington Financial from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Finally, Zacks Investment Research downgraded shares of Ellington Financial from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. Ellington Financial has an average rating of “Hold” and an average price target of $18.83.

Ellington Financial Company Profile

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

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