Ellington Financial Inc (NYSE:EFC) – Investment analysts at B. Riley increased their Q3 2019 earnings estimates for Ellington Financial in a research note issued to investors on Friday, May 17th. B. Riley analyst T. Hayes now expects that the financial services provider will post earnings of $0.42 per share for the quarter, up from their prior forecast of $0.41. B. Riley has a “Neutral” rating on the stock. B. Riley also issued estimates for Ellington Financial’s Q4 2019 earnings at $0.42 EPS and Q1 2020 earnings at $0.43 EPS.
Ellington Financial (NYSE:EFC) last announced its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.08. The company had revenue of $36.02 million for the quarter, compared to analyst estimates of $37.71 million. Ellington Financial had a net margin of 28.85% and a return on equity of 8.19%.
Shares of EFC opened at $18.25 on Monday. The firm has a market capitalization of $542.34 million, a price-to-earnings ratio of 12.94 and a beta of 0.45. Ellington Financial has a fifty-two week low of $14.69 and a fifty-two week high of $18.46. The company has a current ratio of 70.32, a quick ratio of 1.77 and a debt-to-equity ratio of 3.43.
Large investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Ellington Financial during the 1st quarter valued at $37,000. Hilton Capital Management LLC acquired a new position in shares of Ellington Financial during the 1st quarter valued at $45,000. Advisor Group Inc. lifted its holdings in shares of Ellington Financial by 114.6% during the 4th quarter. Advisor Group Inc. now owns 3,980 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 2,125 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Ellington Financial during the 4th quarter valued at $82,000. Finally, Essex Savings Bank acquired a new position in shares of Ellington Financial during the 4th quarter valued at $100,000. Institutional investors and hedge funds own 49.94% of the company’s stock.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 25th. Investors of record on Friday, May 31st will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, May 30th. This represents a $1.68 annualized dividend and a dividend yield of 9.21%. Ellington Financial’s payout ratio is 39.72%.
About Ellington Financial
Ellington Financial LLC, through its subsidiary Ellington Financial Operating Partnership LLC, operates as a specialty finance company in the United States. The company acquires and manages mortgage-related assets, including residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, manufactured housing, and subprime residential mortgage loans; RMBS for which the principal and interest payments are guaranteed by the U.S.
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