Deutsche Bank AG Acquires Shares of 127,803 Ellington Financial Inc. $EFC

Deutsche Bank AG purchased a new stake in shares of Ellington Financial Inc. (NYSE:EFC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 127,803 shares of the financial services provider’s stock, valued at approximately $1,739,000.

Several other hedge funds have also made changes to their positions in EFC. Denali Advisors LLC grew its holdings in shares of Ellington Financial by 679.9% during the fourth quarter. Denali Advisors LLC now owns 88,133 shares of the financial services provider’s stock worth $1,197,000 after purchasing an additional 76,833 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Ellington Financial by 92.5% in the 1st quarter. California State Teachers Retirement System now owns 154,243 shares of the financial services provider’s stock valued at $1,828,000 after purchasing an additional 74,135 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Ellington Financial by 13.6% in the 1st quarter. Bank of New York Mellon Corp now owns 810,885 shares of the financial services provider’s stock valued at $9,609,000 after purchasing an additional 97,007 shares during the last quarter. Artemis Investment Management LLP acquired a new stake in shares of Ellington Financial in the 4th quarter valued at about $2,654,000. Finally, Principal Financial Group Inc. increased its position in Ellington Financial by 18.5% during the first quarter. Principal Financial Group Inc. now owns 605,681 shares of the financial services provider’s stock worth $7,177,000 after buying an additional 94,625 shares during the period. Hedge funds and other institutional investors own 55.62% of the company’s stock.

Ellington Financial Stock Up 0.1%

Shares of NYSE EFC opened at $13.58 on Friday. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 8.28 and a beta of 0.94. Ellington Financial Inc. has a 52 week low of $11.27 and a 52 week high of $14.12. The firm has a 50-day moving average price of $13.52 and a 200 day moving average price of $13.05. The company has a quick ratio of 52.06, a current ratio of 52.06 and a debt-to-equity ratio of 10.39.

Ellington Financial (NYSE:EFC) last issued its earnings results on Thursday, August 6th. The financial services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.14. Ellington Financial had a net margin of 52.43% and a return on equity of 16.61%. The company had revenue of $134.11 million for the quarter, compared to analyst estimates of $114.59 million. Equities research analysts anticipate that Ellington Financial Inc. will post 2.13 EPS for the current fiscal year.

Ellington Financial Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be issued a $0.13 dividend. The ex-dividend date is Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 11.5%. Ellington Financial’s dividend payout ratio is currently 95.12%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of Ellington Financial from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research downgraded shares of Ellington Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. BTIG Research lowered shares of Ellington Financial from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 17th. UBS Group raised their price target on Ellington Financial from $14.00 to $14.50 and gave the stock a “neutral” rating in a report on Wednesday, August 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ellington Financial in a research report on Tuesday, August 11th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Ellington Financial currently has a consensus rating of “Hold” and an average price target of $14.50.

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.