Ellington Financial (NYSE:EFC) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Ellington Financial Inc. (NYSE:EFC) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.05 and traded as high as $13.52. Ellington Financial shares last traded at $13.4550, with a volume of 770,066 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. BTIG Research downgraded Ellington Financial from a “buy” rating to a “neutral” rating in a report on Wednesday, June 17th. Wall Street Zen raised Ellington Financial from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded Ellington Financial from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 14th. Finally, Zacks Research lowered shares of Ellington Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $13.88.

Ellington Financial Stock Performance

The firm’s 50-day simple moving average is $13.52 and its two-hundred day simple moving average is $13.05. The company has a current ratio of 42.65, a quick ratio of 42.65 and a debt-to-equity ratio of 10.18. The stock has a market capitalization of $1.67 billion, a PE ratio of 8.05 and a beta of 0.93.

Ellington Financial (NYSE:EFC) last released its earnings results on Tuesday, May 5th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.13. Ellington Financial had a return on equity of 15.81% and a net margin of 72.08%.The company had revenue of $188.83 million during the quarter, compared to analyst estimates of $114.09 million. On average, equities research analysts expect that Ellington Financial Inc. will post 1.95 earnings per share for the current fiscal year.

Ellington Financial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, July 31st will be given a $0.13 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.7%. The ex-dividend date of this dividend is Friday, July 31st. Ellington Financial’s dividend payout ratio is 93.98%.

Institutional Trading of Ellington Financial

Institutional investors have recently added to or reduced their stakes in the business. Sound Income Strategies LLC lifted its stake in shares of Ellington Financial by 267.4% in the 1st quarter. Sound Income Strategies LLC now owns 2,208 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,607 shares during the last quarter. Daytona Street Capital LLC acquired a new stake in shares of Ellington Financial in the fourth quarter valued at about $34,000. REAP Financial Group LLC bought a new position in Ellington Financial in the 4th quarter worth approximately $36,000. Danske Bank A S acquired a new position in Ellington Financial during the 3rd quarter valued at $44,000. Finally, Huntington National Bank lifted its position in shares of Ellington Financial by 35.3% in the 4th quarter. Huntington National Bank now owns 4,136 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 1,078 shares during the period. 55.62% of the stock is currently owned by institutional investors and hedge funds.

About Ellington Financial

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.