Ellington Financial (NYSE:EFC) Announces Quarterly Earnings Results

Ellington Financial (NYSE:EFC) posted its earnings results on Tuesday. The financial services provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.13, FiscalAI reports. Ellington Financial had a net margin of 53.10% and a return on equity of 14.62%. The company had revenue of $171.83 million for the quarter, compared to analyst estimates of $114.09 million.

Ellington Financial Price Performance

Shares of NYSE:EFC traded up $0.10 during midday trading on Tuesday, hitting $13.11. The stock had a trading volume of 935,275 shares, compared to its average volume of 1,318,557. The company’s 50-day moving average price is $12.33 and its 200-day moving average price is $13.10. The company has a market capitalization of $1.63 billion, a P/E ratio of 10.66 and a beta of 0.94. The company has a quick ratio of 47.25, a current ratio of 47.25 and a debt-to-equity ratio of 11.02. Ellington Financial has a fifty-two week low of $11.27 and a fifty-two week high of $14.12.

Ellington Financial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, April 30th will be given a $0.13 dividend. The ex-dividend date is Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 11.9%. Ellington Financial’s payout ratio is presently 126.83%.

Analyst Ratings Changes

EFC has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Ellington Financial from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Ellington Financial in a research report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.56.

Institutional Investors Weigh In On Ellington Financial

A number of institutional investors have recently added to or reduced their stakes in EFC. Danske Bank A S bought a new stake in shares of Ellington Financial in the 3rd quarter valued at $44,000. Tower Research Capital LLC TRC lifted its stake in shares of Ellington Financial by 227.6% in the second quarter. Tower Research Capital LLC TRC now owns 6,853 shares of the financial services provider’s stock valued at $89,000 after buying an additional 4,761 shares in the last quarter. Sei Investments Co. bought a new position in shares of Ellington Financial in the second quarter valued at $131,000. Quantbot Technologies LP bought a new position in shares of Ellington Financial in the second quarter valued at $138,000. Finally, one8zero8 LLC purchased a new stake in shares of Ellington Financial in the fourth quarter valued at about $149,000. 55.62% of the stock is owned by institutional investors.

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.