Mutual of America Capital Management LLC Has $158,000 Stake in Ellington Financial Inc. $EFC

Mutual of America Capital Management LLC decreased its stake in Ellington Financial Inc. (NYSE:EFC) by 8.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,141 shares of the financial services provider’s stock after selling 1,062 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Ellington Financial were worth $158,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC boosted its stake in shares of Ellington Financial by 67.6% in the 2nd quarter. CWM LLC now owns 2,010 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 811 shares in the last quarter. GAMMA Investing LLC boosted its position in Ellington Financial by 243.8% in the first quarter. GAMMA Investing LLC now owns 4,800 shares of the financial services provider’s stock valued at $64,000 after buying an additional 3,404 shares in the last quarter. State of Wyoming boosted its position in Ellington Financial by 65.8% in the first quarter. State of Wyoming now owns 7,633 shares of the financial services provider’s stock valued at $101,000 after buying an additional 3,029 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Ellington Financial by 99.4% in the first quarter. Russell Investments Group Ltd. now owns 9,918 shares of the financial services provider’s stock valued at $132,000 after buying an additional 4,944 shares in the last quarter. Finally, WealthTrust Axiom LLC acquired a new position in Ellington Financial in the first quarter valued at about $138,000. Institutional investors and hedge funds own 55.62% of the company’s stock.

Ellington Financial Trading Up 0.5%

Shares of NYSE EFC opened at $13.38 on Friday. The company’s 50 day simple moving average is $13.46 and its 200 day simple moving average is $13.13. Ellington Financial Inc. has a fifty-two week low of $11.12 and a fifty-two week high of $14.40. The firm has a market capitalization of $1.34 billion, a P/E ratio of 10.79 and a beta of 1.00. The company has a debt-to-equity ratio of 10.96, a current ratio of 46.78 and a quick ratio of 46.78.

Ellington Financial (NYSE:EFC) last posted its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The company had revenue of $92.54 million for the quarter, compared to the consensus estimate of $112.48 million. Ellington Financial had a return on equity of 13.56% and a net margin of 89.52%. On average, analysts predict that Ellington Financial Inc. will post 1.38 EPS for the current year.

Ellington Financial Announces Dividend

The business also recently announced a oct 25 dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, October 31st will be paid a $0.13 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a yield of 1,166.0%. Ellington Financial’s dividend payout ratio is presently 125.81%.

Analyst Ratings Changes

EFC has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Ellington Financial in a report on Wednesday, October 8th. UBS Group boosted their target price on Ellington Financial from $12.50 to $13.50 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Jones Trading raised Ellington Financial from a “hold” rating to a “buy” rating and set a $14.25 price objective on the stock in a research note on Wednesday, August 13th. Finally, Zacks Research lowered Ellington Financial from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $14.46.

Insiders Place Their Bets

In other news, Director Ronald I. Simon purchased 5,544 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The shares were acquired at an average cost of $13.56 per share, for a total transaction of $75,176.64. Following the transaction, the director directly owned 80,000 shares of the company’s stock, valued at approximately $1,084,800. The trade was a 7.45% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 4.10% of the company’s stock.

About Ellington Financial

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.