Ellington Financial (NYSE:EFC) released its earnings results on Tuesday. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.09), reports. Ellington Financial had a net margin of 31.55% and a return on equity of 5.79%.
Ellington Financial (NYSE EFC) traded up $0.09 during midday trading on Tuesday, hitting $14.86. 109,283 shares of the stock were exchanged, compared to its average volume of 110,446. Ellington Financial has a one year low of $14.19 and a one year high of $17.00. The company has a debt-to-equity ratio of 1.91, a quick ratio of 3.90 and a current ratio of 3.90. The firm has a market cap of $471.57, a P/E ratio of 17.08 and a beta of 0.36.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 11.04%. The ex-dividend date is Wednesday, February 28th. Ellington Financial’s dividend payout ratio is currently 188.51%.
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About Ellington Financial
Ellington Financial LLC is a specialty finance company that acquires and manages mortgage-related and other financial assets. The Company’s targeted assets include residential mortgage-backed securities (RMBS), backed by loans for which the principal and interest payments are not guaranteed by a United States Government agency or a United States Government-sponsored entity, collectively referred to as non-Agency RMBS; RMBS for which the principal and interest payments are guaranteed by the United States government agency or the United States government-sponsored entity (Agency RMBS); consumer loans and asset-backed securities (ABS) backed by consumer loans; commercial mortgage-backed securities (CMBS) commercial mortgage loans and other commercial real estate debt; residential mortgage loans; collateralized loan obligations (CLOs); corporate debt and equity, including distressed debt and equity, and mortgage-related derivatives.
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