Ellington Financial (NYSE:EFC) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Ellington Financial Inc. (NYSE:EFC) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.07 and traded as high as $13.82. Ellington Financial shares last traded at $13.6550, with a volume of 1,286,350 shares changing hands.

Wall Street Analyst Weigh In

EFC has been the topic of a number of recent research reports. Weiss Ratings raised Ellington Financial from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 14th. BTIG Research downgraded Ellington Financial from a “buy” rating to a “neutral” rating in a report on Wednesday, June 17th. Zacks Research raised shares of Ellington Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen upgraded shares of Ellington Financial from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.08.

Ellington Financial Stock Down 0.5%

The business has a 50 day moving average of $13.41 and a two-hundred day moving average of $13.08. The stock has a market capitalization of $1.70 billion, a PE ratio of 8.18 and a beta of 0.94. The company has a debt-to-equity ratio of 10.18, a quick ratio of 42.65 and a current ratio of 42.65.

Ellington Financial (NYSE:EFC) last posted its earnings results on Tuesday, May 5th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.13. The company had revenue of $188.83 million for the quarter, compared to analyst estimates of $114.09 million. Ellington Financial had a return on equity of 15.81% and a net margin of 72.08%. Analysts predict that Ellington Financial Inc. will post 1.95 EPS for the current year.

Ellington Financial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be given a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 11.5%. Ellington Financial’s payout ratio is presently 93.98%.

Institutional Trading of Ellington Financial

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Ellington Financial by 5.3% in the 4th quarter. Vanguard Group Inc. now owns 7,003,038 shares of the financial services provider’s stock worth $95,101,000 after purchasing an additional 349,448 shares in the last quarter. State Street Corp boosted its holdings in shares of Ellington Financial by 5.5% in the 4th quarter. State Street Corp now owns 3,779,402 shares of the financial services provider’s stock valued at $51,814,000 after acquiring an additional 196,894 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Ellington Financial by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 2,412,329 shares of the financial services provider’s stock worth $32,766,000 after acquiring an additional 142,912 shares during the period. Invesco Ltd. raised its holdings in shares of Ellington Financial by 17.6% during the third quarter. Invesco Ltd. now owns 2,218,506 shares of the financial services provider’s stock worth $28,796,000 after purchasing an additional 331,934 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Ellington Financial by 7.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,566,268 shares of the financial services provider’s stock worth $20,330,000 after purchasing an additional 102,957 shares during the last quarter. Hedge funds and other institutional investors own 55.62% of the company’s stock.

Ellington Financial Company Profile

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.