Ellington Financial Inc. (NYSE:EFC) Stock Position Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in Ellington Financial Inc. (NYSE:EFC) by 5.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 778,931 shares of the financial services provider’s stock after buying an additional 41,669 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.90% of Ellington Financial worth $10,040,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of EFC. Price T Rowe Associates Inc. MD raised its stake 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. CWM LLC raised its position in Ellington Financial by 150.2% during the second quarter. CWM LLC now owns 2,602 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 1,562 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Ellington Financial in the second quarter valued at approximately $278,000. Nisa Investment Advisors LLC grew its position in Ellington Financial by 15.4% in the second quarter. Nisa Investment Advisors LLC now owns 44,976 shares of the financial services provider’s stock worth $549,000 after acquiring an additional 6,010 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in shares of Ellington Financial by 8.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 42,800 shares of the financial services provider’s stock worth $517,000 after purchasing an additional 3,500 shares during the last quarter. Institutional investors and hedge funds own 55.62% of the company’s stock.

Insider Transactions at Ellington Financial

In other news, CIO Michael W. Vranos sold 14,000 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $12.48, for a total transaction of $174,720.00. Following the sale, the executive now directly owns 168,359 shares of the company’s stock, valued at $2,101,120.32. This represents a 7.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.40% of the stock is currently owned by insiders.

Ellington Financial Price Performance

Shares of NYSE:EFC opened at $12.27 on Tuesday. The stock has a market capitalization of $1.11 billion, a P/E ratio of 9.37 and a beta of 1.98. The business has a 50-day moving average of $12.40 and a two-hundred day moving average of $12.57. Ellington Financial Inc. has a fifty-two week low of $10.88 and a fifty-two week high of $13.46. The company has a debt-to-equity ratio of 10.87, a current ratio of 37.04 and a quick ratio of 37.04.

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

Ellington Financial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, January 27th. Investors of record on Tuesday, December 31st will be given a $0.13 dividend. This represents a $1.56 annualized dividend and a yield of 12.71%. The ex-dividend date of this dividend is Tuesday, December 31st. Ellington Financial’s dividend payout ratio (DPR) is presently 119.08%.

Ellington Financial Company Profile

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.