B. Riley Boosts Earnings Estimates for Ellington Financial

Ellington Financial Inc. (NYSE:EFC) – Investment analysts at B. Riley increased their FY2025 EPS estimates for Ellington Financial in a research note issued to investors on Monday, August 11th. B. Riley analyst R. Binner now expects that the financial services provider will post earnings per share of $1.75 for the year, up from their previous estimate of $1.65. B. Riley currently has a “Buy” rating and a $16.00 target price on the stock. The consensus estimate for Ellington Financial’s current full-year earnings is $1.38 per share.

Ellington Financial (NYSE:EFC) last announced its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.07. The company had revenue of $92.54 million during the quarter, compared to the consensus estimate of $112.48 million. Ellington Financial had a net margin of 89.52% and a return on equity of 13.56%.

A number of other equities research analysts also recently commented on EFC. UBS Group lifted their target price on shares of Ellington Financial from $12.00 to $12.50 and gave the stock a “neutral” rating in a research report on Thursday, July 10th. Piper Sandler cut their target price on shares of Ellington Financial from $15.00 to $14.50 and set an “overweight” rating for the company in a research report on Tuesday, July 1st. Finally, Jones Trading raised shares of Ellington Financial from a “hold” rating to a “buy” rating and set a $14.25 target price for the company in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Ellington Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.29.

Ellington Financial Price Performance

Shares of EFC opened at $13.79 on Thursday. The company has a quick ratio of 42.26, a current ratio of 46.78 and a debt-to-equity ratio of 10.96. Ellington Financial has a twelve month low of $11.12 and a twelve month high of $14.40. The company has a market capitalization of $1.38 billion, a P/E ratio of 11.12 and a beta of 1.00. The firm has a 50 day moving average of $13.05 and a 200 day moving average of $12.93.

Institutional Trading of Ellington Financial

Hedge funds have recently bought and sold shares of the stock. Deutsche Bank AG lifted its stake in Ellington Financial by 54.5% in the 4th quarter. Deutsche Bank AG now owns 68,195 shares of the financial services provider’s stock worth $827,000 after purchasing an additional 24,046 shares in the last quarter. Bank of New York Mellon Corp grew its position in Ellington Financial by 4.5% in the first quarter. Bank of New York Mellon Corp now owns 671,272 shares of the financial services provider’s stock worth $8,901,000 after acquiring an additional 29,188 shares in the last quarter. D. E. Shaw & Co. Inc. purchased a new position in Ellington Financial in the fourth quarter worth about $264,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Ellington Financial by 15.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 156,250 shares of the financial services provider’s stock worth $1,894,000 after acquiring an additional 21,324 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Ellington Financial by 4,459.3% in the first quarter. GAMMA Investing LLC now owns 63,648 shares of the financial services provider’s stock worth $844,000 after acquiring an additional 62,252 shares in the last quarter. Hedge funds and other institutional investors own 55.62% of the company’s stock.

Ellington Financial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be paid a $0.13 dividend. The ex-dividend date is Friday, August 29th. This represents a c) annualized dividend and a yield of 11.3%. Ellington Financial’s payout ratio is presently 125.81%.

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.