Global Retirement Partners LLC Has $91,000 Stock Position in Ellington Financial Inc. (NYSE:EFC)

Global Retirement Partners LLC cut its holdings in shares of Ellington Financial Inc. (NYSE:EFC) by 84.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,468 shares of the financial services provider’s stock after selling 40,346 shares during the period. Global Retirement Partners LLC’s holdings in Ellington Financial were worth $91,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in EFC. McIlrath & Eck LLC acquired a new position in Ellington Financial in the third quarter valued at approximately $62,000. Prospera Private Wealth LLC bought a new stake in shares of Ellington Financial during the 3rd quarter valued at $68,000. Atom Investors LP acquired a new position in shares of Ellington Financial in the 3rd quarter valued at $130,000. Blue Trust Inc. acquired a new position in shares of Ellington Financial in the 4th quarter valued at $135,000. Finally, CenterStar Asset Management LLC acquired a new position in shares of Ellington Financial in the 4th quarter valued at $136,000. 55.62% of the stock is currently owned by institutional investors and hedge funds.

Ellington Financial Price Performance

Shares of EFC stock opened at $13.32 on Friday. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 10.16 and a beta of 1.97. Ellington Financial Inc. has a 12-month low of $10.88 and a 12-month high of $13.46. The company has a quick ratio of 37.04, a current ratio of 37.04 and a debt-to-equity ratio of 10.87. The firm has a fifty day moving average of $12.56 and a 200-day moving average of $12.62.

Ellington Financial (NYSE:EFC) last released its quarterly earnings results on Thursday, February 27th. The financial services provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. Ellington Financial had a return on equity of 10.26% and a net margin of 106.40%. On average, equities research analysts forecast that Ellington Financial Inc. will post 1.38 earnings per share for the current year.

Ellington Financial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Friday, February 28th will be paid a $0.13 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 11.72%. The ex-dividend date is Friday, February 28th. Ellington Financial’s payout ratio is currently 119.08%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. B. Riley raised Ellington Financial to a “strong-buy” rating in a research note on Tuesday, January 7th. JMP Securities reaffirmed a “market outperform” rating and issued a $14.00 price target on shares of Ellington Financial in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $13.58.

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.