Price T Rowe Associates Inc. MD Has $830,000 Stock Position in Ellington Financial Inc. (NYSE:EFC)

Price T Rowe Associates Inc. MD boosted its position in shares of Ellington Financial Inc. (NYSE:EFC) by 14.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 68,475 shares of the financial services provider’s stock after purchasing an additional 8,695 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.08% of Ellington Financial worth $830,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its position in shares of Ellington Financial by 18,200.0% during the 4th quarter. Larson Financial Group LLC now owns 2,562 shares of the financial services provider’s stock worth $31,000 after buying an additional 2,548 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in Ellington Financial by 162.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,602 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 1,610 shares during the last quarter. Sterling Capital Management LLC boosted its stake in Ellington Financial by 814.9% in the fourth quarter. Sterling Capital Management LLC now owns 2,644 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 2,355 shares during the last quarter. AlphaQuest LLC acquired a new stake in Ellington Financial during the 4th quarter worth $37,000. Finally, Motiv8 Investments LLC bought a new stake in shares of Ellington Financial during the 4th quarter valued at $133,000. 55.62% of the stock is currently owned by institutional investors and hedge funds.

Ellington Financial Stock Up 0.1%

Ellington Financial stock opened at $12.95 on Monday. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 9.89 and a beta of 1.01. The company’s 50 day simple moving average is $12.83 and its 200 day simple moving average is $12.61. The company has a debt-to-equity ratio of 10.87, a current ratio of 37.04 and a quick ratio of 37.04. Ellington Financial Inc. has a fifty-two week low of $11.12 and a fifty-two week high of $14.40.

Ellington Financial (NYSE:EFC) last posted its earnings results on Wednesday, May 7th. The financial services provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. Ellington Financial had a net margin of 106.40% and a return on equity of 10.26%. The company had revenue of $82.91 million for the quarter, compared to analyst estimates of $107.06 million. As a group, sell-side analysts anticipate that Ellington Financial Inc. will post 1.38 EPS for the current year.

Ellington Financial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid a dividend of $0.13 per share. This represents a $1.56 annualized dividend and a yield of 12.05%. The ex-dividend date is Friday, May 30th. Ellington Financial’s payout ratio is presently 110.64%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on EFC shares. Keefe, Bruyette & Woods raised their price target on Ellington Financial from $13.75 to $14.50 and gave the stock an “outperform” rating in a research report on Monday, March 3rd. JMP Securities reissued a “market outperform” rating and issued a $14.00 target price on shares of Ellington Financial in a research note on Thursday, January 23rd.

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.