West Family Investments Inc. Continues to Hold Stake in Ellington Financial LLC (EFC)
West Family Investments Inc. maintained its position in shares of Ellington Financial LLC (NYSE:EFC) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 442,344 shares of the financial services provider’s stock at the end of the second quarter. Ellington Financial comprises 1.6% of West Family Investments Inc.’s investment portfolio, making the stock its 17th largest position. West Family Investments Inc. owned 1.38% of Ellington Financial worth $7,170,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Omega Advisors Inc. raised its position in shares of Ellington Financial by 1.3% in the first quarter. Omega Advisors Inc. now owns 1,266,595 shares of the financial services provider’s stock worth $20,050,000 after buying an additional 16,595 shares during the period. Global Endowment Management LP raised its position in shares of Ellington Financial by 56.9% in the first quarter. Global Endowment Management LP now owns 30,000 shares of the financial services provider’s stock worth $475,000 after buying an additional 10,885 shares during the period. Wells Fargo & Company MN raised its position in shares of Ellington Financial by 16.9% in the first quarter. Wells Fargo & Company MN now owns 21,534 shares of the financial services provider’s stock worth $341,000 after buying an additional 3,109 shares during the period. Ranger Global Real Estate Advisors LLC bought a new position in shares of Ellington Financial during the first quarter worth approximately $11,078,000. Finally, Global X Management Co. LLC raised its position in shares of Ellington Financial by 15.6% in the first quarter. Global X Management Co. LLC now owns 471,999 shares of the financial services provider’s stock worth $7,472,000 after buying an additional 63,790 shares during the period. 51.00% of the stock is currently owned by institutional investors and hedge funds.
Ellington Financial LLC (EFC) opened at 16.20 on Wednesday. Ellington Financial LLC has a one year low of $15.30 and a one year high of $18.04. The stock has a market capitalization of $520.21 million, a price-to-earnings ratio of 23.62 and a beta of 0.44. The company’s 50-day moving average is $16.18 and its 200 day moving average is $16.24.
Ellington Financial (NYSE:EFC) last released its earnings results on Thursday, August 3rd. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.06. The business had revenue of $22.66 million for the quarter, compared to analyst estimates of $21.82 million. Ellington Financial had a return on equity of 5.48% and a net margin of 26.67%. Ellington Financial’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 earnings per share. Equities analysts expect that Ellington Financial LLC will post $1.35 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.80 dividend on an annualized basis and a yield of 11.11%. Ellington Financial’s dividend payout ratio (DPR) is presently 257.15%.
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Several equities analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Ellington Financial from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. BidaskClub lowered shares of Ellington Financial from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Finally, FBR & Co reissued a “buy” rating and set a $17.50 price objective on shares of Ellington Financial in a report on Monday, May 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $19.13.
Ellington Financial Company Profile
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