PFG Investments LLC Has $197,000 Stock Position in Ellington Financial Inc. (NYSE:EFC)

PFG Investments LLC grew its holdings in shares of Ellington Financial Inc. (NYSE:EFC) by 20.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,859 shares of the financial services provider’s stock after buying an additional 2,475 shares during the quarter. PFG Investments LLC’s holdings in Ellington Financial were worth $197,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Invesco Ltd. grew its holdings in shares of Ellington Financial by 17.2% during the fourth quarter. Invesco Ltd. now owns 2,364,583 shares of the financial services provider’s stock valued at $28,659,000 after buying an additional 347,587 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Ellington Financial by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 2,008,827 shares of the financial services provider’s stock worth $24,353,000 after purchasing an additional 43,531 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Ellington Financial by 4.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,470,054 shares of the financial services provider’s stock worth $17,817,000 after purchasing an additional 67,807 shares during the last quarter. Northern Trust Corp boosted its holdings in Ellington Financial by 39.8% during the fourth quarter. Northern Trust Corp now owns 1,092,902 shares of the financial services provider’s stock worth $13,246,000 after purchasing an additional 311,406 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Ellington Financial by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 821,024 shares of the financial services provider’s stock worth $9,951,000 after purchasing an additional 42,093 shares during the last quarter. 55.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. UBS Group restated a “neutral” rating on shares of Ellington Financial in a report on Wednesday, May 14th. Keefe, Bruyette & Woods boosted their price target on shares of Ellington Financial from $13.75 to $14.50 and gave the stock an “outperform” rating in a report on Monday, March 3rd. Finally, B. Riley boosted their price target on shares of Ellington Financial from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, May 15th.

Ellington Financial Stock Performance

Shares of EFC stock opened at $13.16 on Friday. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 9.33 and a beta of 0.99. The company has a debt-to-equity ratio of 11.11, a quick ratio of 42.26 and a current ratio of 42.26. Ellington Financial Inc. has a 52 week low of $11.12 and a 52 week high of $14.40. The firm’s 50-day simple moving average is $12.83 and its two-hundred day simple moving average is $12.73.

Ellington Financial (NYSE:EFC) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. The business had revenue of $82.91 million for the quarter, compared to analyst estimates of $107.06 million. Ellington Financial had a net margin of 101.59% and a return on equity of 12.06%. As a group, equities analysts forecast that Ellington Financial Inc. will post 1.38 earnings per share for the current year.

Ellington Financial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be given a $0.13 dividend. This represents a $1.56 annualized dividend and a yield of 11.86%. The ex-dividend date is Monday, June 30th. Ellington Financial’s dividend payout ratio is 110.64%.

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.