Arrowstreet Capital Limited Partnership Acquires New Holdings in Ellington Financial LLC (EFC)

Arrowstreet Capital Limited Partnership acquired a new stake in Ellington Financial LLC (NYSE:EFC) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 76,832 shares of the financial services provider’s stock, valued at approximately $1,245,000. Arrowstreet Capital Limited Partnership owned about 0.24% of Ellington Financial at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nine Chapters Capital Management LLC bought a new stake in Ellington Financial in the second quarter valued at about $172,000. Cambridge Investment Research Advisors Inc. bought a new stake in Ellington Financial in the second quarter valued at about $216,000. Russell Investments Group Ltd. bought a new stake in Ellington Financial in the second quarter valued at about $219,000. Citadel Advisors LLC bought a new stake in Ellington Financial in the second quarter valued at about $277,000. Finally, Wells Fargo & Company MN increased its holdings in Ellington Financial by 16.9% in the first quarter. Wells Fargo & Company MN now owns 21,534 shares of the financial services provider’s stock valued at $341,000 after purchasing an additional 3,109 shares during the last quarter. Institutional investors and hedge funds own 50.53% of the company’s stock.

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EFC has been the subject of a number of recent analyst reports. BidaskClub downgraded Ellington Financial from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. ValuEngine upgraded Ellington Financial from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Ellington Financial from a “strong sell” rating to a “hold” rating in a report on Monday, October 9th. Finally, Maxim Group reiterated a “buy” rating and issued a $20.00 price objective on shares of Ellington Financial in a report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $18.75.

Shares of Ellington Financial LLC (EFC) opened at 15.73 on Monday. The company has a market cap of $505.12 million, a P/E ratio of 23.10 and a beta of 0.43. The company has a 50-day moving average price of $15.66 and a 200-day moving average price of $16.18. Ellington Financial LLC has a 12-month low of $15.30 and a 12-month high of $17.00.

Ellington Financial (NYSE:EFC) last announced its earnings results on Thursday, August 3rd. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.06). The company had revenue of $22.66 million for the quarter, compared to the consensus estimate of $21.82 million. Ellington Financial had a return on equity of 5.48% and a net margin of 26.67%. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.15 earnings per share. On average, analysts predict that Ellington Financial LLC will post $1.26 earnings per share for the current year.

Ellington Financial Company Profile

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

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