13,500 Shares in Ellington Financial LLC (EFC) Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. purchased a new position in shares of Ellington Financial LLC (NYSE:EFC) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 13,500 shares of the financial services provider’s stock, valued at approximately $219,000.

A number of other large investors have also modified their holdings of the business. Wellington Management Group LLP raised its holdings in shares of Ellington Financial by 0.4% in the 1st quarter. Wellington Management Group LLP now owns 4,532,923 shares of the financial services provider’s stock valued at $71,756,000 after purchasing an additional 16,795 shares during the period. Omega Advisors Inc. raised its holdings in shares of Ellington Financial by 1.3% in the 1st quarter. Omega Advisors Inc. now owns 1,266,595 shares of the financial services provider’s stock valued at $20,050,000 after purchasing an additional 16,595 shares during the period. BBR Partners LLC raised its holdings in shares of Ellington Financial by 0.9% in the 1st quarter. BBR Partners LLC now owns 887,707 shares of the financial services provider’s stock valued at $14,052,000 after purchasing an additional 7,739 shares during the period. Ranger Global Real Estate Advisors LLC bought a new stake in shares of Ellington Financial in the 1st quarter valued at about $11,078,000. Finally, Global X Management Co. LLC raised its holdings in shares of Ellington Financial by 15.6% in the 1st quarter. Global X Management Co. LLC now owns 471,999 shares of the financial services provider’s stock valued at $7,472,000 after purchasing an additional 63,790 shares during the period. 50.54% of the stock is currently owned by hedge funds and other institutional investors.

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A number of equities research analysts have recently issued reports on EFC shares. ValuEngine raised shares of Ellington Financial from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub raised shares of Ellington Financial from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Finally, Zacks Investment Research cut shares of Ellington Financial from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. Ellington Financial presently has an average rating of “Hold” and an average price target of $18.83.

Shares of Ellington Financial LLC (NYSE EFC) traded up 0.095% during midday trading on Tuesday, hitting $15.745. 24,673 shares of the stock were exchanged. Ellington Financial LLC has a 1-year low of $15.30 and a 1-year high of $17.12. The stock has a market capitalization of $505.60 million, a price-to-earnings ratio of 23.120 and a beta of 0.44. The firm’s 50 day moving average is $15.93 and its 200-day moving average is $16.19.

Ellington Financial (NYSE:EFC) last released its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.06). Ellington Financial had a return on equity of 5.48% and a net margin of 26.67%. The firm had revenue of $22.66 million for the quarter, compared to analysts’ expectations of $21.82 million. During the same quarter last year, the firm posted $0.15 earnings per share. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. On average, analysts predict that Ellington Financial LLC will post $1.34 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 11.43%. The ex-dividend date of this dividend was Wednesday, August 30th. Ellington Financial’s dividend payout ratio (DPR) is presently 257.15%.

Ellington Financial Company Profile

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Institutional Ownership by Quarter for Ellington Financial (NYSE:EFC)

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