Ellington Financial (NYSE:EFC) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Ellington Financial Inc. (NYSE:EFC) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.07 and traded as high as $13.69. Ellington Financial shares last traded at $13.4550, with a volume of 997,896 shares.

Analysts Set New Price Targets

Several research analysts have issued reports on EFC shares. Weiss Ratings upgraded Ellington Financial from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 14th. Zacks Research upgraded Ellington Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. BTIG Research lowered Ellington Financial from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 17th. Finally, Wall Street Zen upgraded Ellington Financial from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $13.88.

Ellington Financial Trading Down 0.1%

The company has a quick ratio of 42.65, a current ratio of 42.65 and a debt-to-equity ratio of 10.18. The firm’s 50-day moving average price is $13.48 and its 200 day moving average price is $13.07. The company has a market capitalization of $1.69 billion, a P/E ratio of 8.11 and a beta of 0.93.

Ellington Financial (NYSE:EFC) last announced its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.13. The business had revenue of $188.83 million for the quarter, compared to analysts’ expectations of $114.09 million. Ellington Financial had a net margin of 72.08% and a return on equity of 15.81%. As a group, equities research analysts predict that Ellington Financial Inc. will post 1.95 earnings per share for the current year.

Ellington Financial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be issued a $0.13 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date is Tuesday, June 30th. Ellington Financial’s dividend payout ratio (DPR) is currently 93.98%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of EFC. Sound Income Strategies LLC lifted its stake in Ellington Financial by 267.4% during the 1st quarter. Sound Income Strategies LLC now owns 2,208 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 1,607 shares in the last quarter. Daytona Street Capital LLC bought a new stake in shares of Ellington Financial in the 4th quarter worth $34,000. REAP Financial Group LLC bought a new stake in shares of Ellington Financial in the 4th quarter worth $36,000. Danske Bank A S bought a new stake in shares of Ellington Financial in the 3rd quarter worth $44,000. Finally, Huntington National Bank raised its holdings in shares of Ellington Financial by 35.3% in the fourth quarter. Huntington National Bank now owns 4,136 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,078 shares during the last quarter. Hedge funds and other institutional investors own 55.62% of the company’s stock.

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.