HBK Sorce Advisory LLC Invests $703,000 in Ellington Financial Inc. $EFC

HBK Sorce Advisory LLC acquired a new stake in shares of Ellington Financial Inc. (NYSE:EFC) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 53,085 shares of the financial services provider’s stock, valued at approximately $703,000.

Other hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC bought a new stake in Ellington Financial during the 2nd quarter worth approximately $72,000. Bank of New York Mellon Corp purchased a new position in Ellington Financial during the second quarter valued at approximately $11,133,000. State of Wyoming bought a new position in shares of Ellington Financial in the second quarter worth approximately $72,000. GSA Capital Partners LLP bought a new position in shares of Ellington Financial in the second quarter worth approximately $468,000. Finally, BIP Wealth LLC purchased a new stake in shares of Ellington Financial in the second quarter worth $204,000. 55.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EFC. Zacks Research downgraded shares of Ellington Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Wall Street Zen raised shares of Ellington Financial from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ellington Financial in a research note on Tuesday, August 11th. Finally, BTIG Research cut Ellington Financial from a “buy” rating to a “neutral” rating in a report on Wednesday, June 17th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $13.50.

Ellington Financial Trading Down 0.4%

Shares of EFC opened at $13.62 on Tuesday. The company has a debt-to-equity ratio of 10.39, a current ratio of 52.06 and a quick ratio of 52.06. Ellington Financial Inc. has a 1 year low of $11.27 and a 1 year high of $14.12. The company has a 50 day simple moving average of $13.51 and a two-hundred day simple moving average of $13.01. The firm has a market cap of $1.76 billion, a P/E ratio of 8.30 and a beta of 0.94.

Ellington Financial (NYSE:EFC) last released its quarterly earnings data on Thursday, August 6th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $134.11 million for the quarter, compared to analysts’ expectations of $114.59 million. On average, equities analysts expect that Ellington Financial Inc. will post 2.13 earnings per share for the current fiscal year.

Ellington Financial Dividend Announcement

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

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.