Ellington Financial Inc. (NYSE:EFC) Shares Purchased by Penserra Capital Management LLC

Penserra Capital Management LLC raised its holdings in shares of Ellington Financial Inc. (NYSE:EFC) by 22.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,432 shares of the financial services provider’s stock after acquiring an additional 15,190 shares during the period. Penserra Capital Management LLC’s holdings in Ellington Financial were worth $1,049,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. CWM LLC raised its stake in shares of 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 purchasing an additional 1,562 shares in the last quarter. Strategic Financial Concepts LLC increased its stake in Ellington Financial by 1,667.2% during the 2nd quarter. Strategic Financial Concepts LLC now owns 282,746 shares of the financial services provider’s stock valued at $34,000 after buying an additional 266,746 shares during the period. Prospera Private Wealth LLC bought a new stake in shares of Ellington Financial during the 3rd quarter worth about $68,000. Members Trust Co acquired a new stake in shares of Ellington Financial in the 3rd quarter worth approximately $129,000. Finally, PFG Investments LLC bought a new position in shares of Ellington Financial in the second quarter valued at approximately $141,000. Institutional investors and hedge funds own 55.62% of the company’s stock.

Insider Buying and Selling

In related news, CIO Michael W. Vranos sold 14,000 shares of the firm’s 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 completion of the sale, the executive now directly owns 168,359 shares in the company, valued at approximately $2,101,120.32. This trade represents a 7.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 4.40% of the company’s stock.

Ellington Financial Price Performance

NYSE EFC opened at $12.37 on Wednesday. The company’s 50 day simple moving average is $12.55 and its 200 day simple moving average is $12.55. The company has a debt-to-equity ratio of 10.87, a current ratio of 37.04 and a quick ratio of 37.04. The firm has a market capitalization of $1.12 billion, a PE ratio of 9.49 and a beta of 1.99. Ellington Financial Inc. has a 12 month low of $10.88 and a 12 month high of $13.46.

Ellington Financial (NYSE:EFC) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Ellington Financial had a return on equity of 10.26% and a net margin of 106.40%. The company had revenue of $33.63 million for the quarter, compared to the consensus estimate of $37.95 million. During the same quarter in the previous year, the business earned $0.33 EPS. As a group, equities research analysts forecast that Ellington Financial Inc. will post 1.37 EPS for the current fiscal year.

Ellington Financial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Friday, November 29th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.56 annualized dividend and a dividend yield of 12.61%. Ellington Financial’s dividend payout ratio is currently 119.08%.

Ellington Financial 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.