Ellington Financial (NYSE:EFC) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Ellington Financial Inc. (NYSE:EFC)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $13.50 and traded as high as $14.03. Ellington Financial shares last traded at $14.03, with a volume of 1,796,638 shares.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EFC. Zacks Research lowered shares of Ellington Financial from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Weiss Ratings restated a “hold (c)” rating on shares of Ellington Financial in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.46.

Ellington Financial Trading Up 1.3%

The company has a debt-to-equity ratio of 10.64, a quick ratio of 50.60 and a current ratio of 50.60. The business’s 50 day moving average price is $13.73 and its 200-day moving average price is $13.50. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 10.47 and a beta of 0.95.

Ellington Financial (NYSE:EFC) last posted its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $0.53 EPS for the quarter, beating the consensus estimate of $0.44 by $0.09. The business had revenue of $242.08 million during the quarter, compared to analyst estimates of $121.99 million. Ellington Financial had a net margin of 89.04% and a return on equity of 14.55%. Equities analysts expect that Ellington Financial Inc. will post 1.38 EPS for the current year.

Ellington Financial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, January 30th will be given a dividend of $0.13 per share. This represents a c) dividend on an annualized basis and a yield of 11.1%. The ex-dividend date is Friday, January 30th. Ellington Financial’s payout ratio is 116.42%.

Institutional Investors Weigh In On Ellington Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EFC. MAS Advisors LLC raised its holdings in shares of Ellington Financial by 3.6% in the 2nd quarter. MAS Advisors LLC now owns 22,928 shares of the financial services provider’s stock worth $298,000 after purchasing an additional 788 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in Ellington Financial by 3.7% in the third quarter. Oregon Public Employees Retirement Fund now owns 22,464 shares of the financial services provider’s stock worth $292,000 after buying an additional 800 shares during the last quarter. CWM LLC grew its position in Ellington Financial by 67.6% in the second quarter. CWM LLC now owns 2,010 shares of the financial services provider’s stock worth $26,000 after buying an additional 811 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Ellington Financial by 6.2% in the second quarter. Bank of Montreal Can now owns 15,170 shares of the financial services provider’s stock valued at $197,000 after buying an additional 888 shares in the last quarter. Finally, Amalgamated Bank lifted its position in shares of Ellington Financial by 3.5% during the 2nd quarter. Amalgamated Bank now owns 26,688 shares of the financial services provider’s stock valued at $347,000 after acquiring an additional 897 shares during the last quarter. Institutional investors own 55.62% of the company’s stock.

About Ellington Financial

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.