Ellington Financial (NYSE:EFC) Posts Quarterly Earnings Results

Ellington Financial (NYSE:EFC) posted its quarterly earnings results on Tuesday. The financial services provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.13, FiscalAI reports. The firm had revenue of $171.83 million for the quarter, compared to analyst estimates of $114.09 million. Ellington Financial had a return on equity of 14.62% and a net margin of 53.10%.

Ellington Financial Stock Performance

Shares of Ellington Financial stock traded up $0.10 during trading on Tuesday, hitting $13.11. 935,275 shares of the stock were exchanged, compared to its average volume of 1,951,047. The company has a current ratio of 47.25, a quick ratio of 47.25 and a debt-to-equity ratio of 11.02. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 10.66 and a beta of 0.94. Ellington Financial has a 1-year low of $11.27 and a 1-year high of $14.12. The company has a fifty day moving average price of $12.31 and a 200-day moving average price of $13.10.

Ellington Financial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, April 30th will be paid a dividend of $0.13 per share. The ex-dividend date is Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 11.9%. Ellington Financial’s payout ratio is currently 126.83%.

Wall Street Analyst Weigh In

EFC has been the topic of several recent analyst reports. Wall Street Zen lowered Ellington Financial from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Weiss Ratings restated a “hold (c)” rating on shares of Ellington Financial in a research note on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ellington Financial presently has an average rating of “Moderate Buy” and an average target price of $14.56.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EFC. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Ellington Financial by 15.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 179,803 shares of the financial services provider’s stock worth $2,384,000 after acquiring an additional 23,553 shares during the last quarter. Creative Planning acquired a new position in shares of Ellington Financial during the 2nd quarter worth approximately $176,000. Franklin Resources Inc. acquired a new position in shares of Ellington Financial during the 2nd quarter worth approximately $166,000. New York State Common Retirement Fund increased its holdings in shares of Ellington Financial by 16.6% during the 2nd quarter. New York State Common Retirement Fund now owns 27,434 shares of the financial services provider’s stock worth $356,000 after acquiring an additional 3,900 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Ellington Financial during the 2nd quarter worth approximately $138,000. 55.62% of the stock is owned by institutional investors and hedge funds.

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.