Intech Investment Management LLC Sells 48,199 Shares of Ellington Financial Inc. $EFC

Intech Investment Management LLC decreased its holdings in shares of Ellington Financial Inc. (NYSE:EFC) by 44.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,723 shares of the financial services provider’s stock after selling 48,199 shares during the quarter. Intech Investment Management LLC owned approximately 0.06% of Ellington Financial worth $788,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Dana Investment Advisors Inc. bought a new stake in Ellington Financial during the 3rd quarter worth about $4,997,000. Vanguard Group Inc. grew its holdings in shares of Ellington Financial by 7.2% in the 3rd quarter. Vanguard Group Inc. now owns 6,653,590 shares of the financial services provider’s stock valued at $86,364,000 after acquiring an additional 449,074 shares in the last quarter. Denali Advisors LLC bought a new position in shares of Ellington Financial in the 3rd quarter valued at about $147,000. JPMorgan Chase & Co. increased its position in shares of Ellington Financial by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 438,502 shares of the financial services provider’s stock valued at $5,692,000 after acquiring an additional 38,376 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in Ellington Financial by 20.9% during the third quarter. Public Sector Pension Investment Board now owns 389,619 shares of the financial services provider’s stock worth $5,057,000 after acquiring an additional 67,375 shares in the last quarter. Institutional investors own 55.62% of the company’s stock.

Ellington Financial Stock Performance

Shares of EFC opened at $11.84 on Tuesday. The company has a market cap of $1.48 billion, a PE ratio of 9.62 and a beta of 0.95. The firm has a 50-day moving average of $13.11 and a 200-day moving average of $13.41. Ellington Financial Inc. has a one year low of $11.12 and a one year high of $14.12. The company has a debt-to-equity ratio of 11.02, a current ratio of 47.25 and a quick ratio of 47.25.

Ellington Financial (NYSE:EFC) last issued its earnings results on Wednesday, February 25th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.03. Ellington Financial had a net margin of 53.10% and a return on equity of 14.62%. The company had revenue of $96.44 million for the quarter, compared to analysts’ expectations of $132.07 million. As a group, equities analysts forecast that Ellington Financial Inc. will post 1.38 earnings per share for the current year.

Ellington Financial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be paid a $0.13 dividend. The ex-dividend date is Friday, February 27th. This represents a c) annualized dividend and a yield of 13.2%. Ellington Financial’s dividend payout ratio is currently 126.83%.

Analysts Set New Price Targets

Several brokerages recently commented on EFC. Weiss Ratings reissued a “hold (c)” rating on shares of Ellington Financial in a research report on Wednesday, January 21st. Wall Street Zen lowered Ellington Financial from a “hold” rating to a “sell” rating in a research report on Saturday. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $14.56.

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.