Ellington Financial Inc. (NYSE:EFC) Shares Sold by Jacobs Asset Management LLC

Jacobs Asset Management LLC lowered its holdings in Ellington Financial Inc. (NYSE:EFC) by 41.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 161,190 shares of the financial services provider’s stock after selling 113,810 shares during the period. Ellington Financial accounts for 1.4% of Jacobs Asset Management LLC’s investment portfolio, making the stock its 24th biggest position. Jacobs Asset Management LLC owned about 0.18% of Ellington Financial worth $2,078,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Ellington Financial by 1.0% during the first quarter. Vanguard Group Inc. now owns 4,879,336 shares of the financial services provider’s stock valued at $57,625,000 after acquiring an additional 45,979 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Ellington Financial by 5.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 778,931 shares of the financial services provider’s stock worth $10,040,000 after buying an additional 41,669 shares during the period. Van ECK Associates Corp boosted its position in shares of Ellington Financial by 32.3% in the second quarter. Van ECK Associates Corp now owns 751,997 shares of the financial services provider’s stock worth $9,084,000 after buying an additional 183,544 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of Ellington Financial by 146.5% in the third quarter. Harbor Capital Advisors Inc. now owns 726,779 shares of the financial services provider’s stock worth $9,368,000 after buying an additional 431,945 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Ellington Financial by 4.4% in the second quarter. Bank of New York Mellon Corp now owns 654,024 shares of the financial services provider’s stock worth $7,901,000 after buying an additional 27,392 shares during the period. Hedge funds and other institutional investors own 55.62% of the company’s stock.

Ellington Financial Price Performance

Shares of NYSE EFC opened at $12.37 on Tuesday. Ellington Financial Inc. has a 1-year low of $10.88 and a 1-year high of $13.46. The business has a 50-day moving average of $12.47 and a 200-day moving average of $12.56. The company has a debt-to-equity ratio of 10.87, a current ratio of 37.04 and a quick ratio of 37.04. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 9.44 and a beta of 1.98.

Ellington Financial (NYSE:EFC) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.36 by $0.04. Ellington Financial had a return on equity of 10.26% and a net margin of 106.40%. The business had revenue of $33.63 million for the quarter, compared to analysts’ expectations of $37.95 million. During the same quarter in the previous year, the firm posted $0.33 earnings per share. On average, equities analysts anticipate that Ellington Financial Inc. will post 1.37 EPS for the current fiscal year.

Ellington Financial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.13 per share. This represents a $1.56 annualized dividend and a yield of 12.62%. The ex-dividend date is Friday, November 29th. Ellington Financial’s payout ratio is currently 119.08%.

Insider Buying and Selling at Ellington Financial

In other news, CIO Michael W. Vranos sold 14,000 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $12.48, for a total transaction of $174,720.00. Following the sale, the executive now directly owns 168,359 shares in the company, valued at approximately $2,101,120.32. This represents a 7.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.40% of the stock is currently owned by insiders.

Ellington Financial Company Profile

Ellington Financial Inc, through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. The company acquires and manages residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, manufactured housing, and subprime mortgage; RMBS for which the principal and interest payments are guaranteed by the U.S.