Yousif Capital Management LLC Has $591,000 Holdings in Ellington Financial Inc. (NYSE:EFC)

Yousif Capital Management LLC lifted its stake in shares of Ellington Financial Inc. (NYSE:EFC) by 40.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 46,529 shares of the financial services provider’s stock after buying an additional 13,371 shares during the quarter. Yousif Capital Management LLC owned about 0.07% of Ellington Financial worth $591,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Private Trust Co. NA raised its holdings in shares of Ellington Financial by 42.8% in the 4th quarter. Private Trust Co. NA now owns 4,334 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 1,299 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Ellington Financial in the 4th quarter worth about $102,000. Portside Wealth Group LLC increased its stake in shares of Ellington Financial by 8.3% in the third quarter. Portside Wealth Group LLC now owns 10,903 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 835 shares in the last quarter. Optimum Investment Advisors raised its holdings in Ellington Financial by 8.4% during the 4th quarter. Optimum Investment Advisors now owns 12,900 shares of the financial services provider’s stock valued at $164,000 after acquiring an additional 1,000 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Ellington Financial during the 3rd quarter valued at $165,000. Institutional investors own 55.62% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on EFC. JMP Securities reiterated a “market outperform” rating and issued a $14.50 target price on shares of Ellington Financial in a research note on Thursday, April 18th. BTIG Research decreased their price objective on Ellington Financial from $15.50 to $13.50 and set a “buy” rating on the stock in a report on Thursday, April 18th. StockNews.com upgraded shares of Ellington Financial from a “sell” rating to a “hold” rating in a report on Thursday. Keefe, Bruyette & Woods dropped their price objective on Ellington Financial from $14.00 to $13.25 and set an “outperform” rating for the company in a report on Wednesday, February 28th. Finally, Jonestrading started coverage on shares of Ellington Financial in a research note on Friday, April 19th. They set a “hold” rating on the stock. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $13.95.

Ellington Financial Stock Performance

Shares of EFC opened at $11.66 on Monday. The business’s 50 day moving average price is $11.44 and its 200-day moving average price is $12.19. Ellington Financial Inc. has a 52 week low of $10.88 and a 52 week high of $14.21. The company has a quick ratio of 46.75, a current ratio of 46.75 and a debt-to-equity ratio of 11.30. The stock has a market cap of $991.80 million, a P/E ratio of 12.96 and a beta of 1.91.

Ellington Financial (NYSE:EFC) last posted its quarterly earnings data on Monday, February 26th. The financial services provider reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The firm had revenue of $27.99 million for the quarter, compared to analysts’ expectations of $30.77 million. Ellington Financial had a net margin of 78.53% and a return on equity of 11.36%. During the same quarter last year, the company posted $0.42 EPS. Equities research analysts anticipate that Ellington Financial Inc. will post 1.53 earnings per share for the current fiscal year.

Ellington Financial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, May 28th. Investors of record on Tuesday, April 30th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.56 annualized dividend and a yield of 13.38%. Ellington Financial’s dividend payout ratio (DPR) is presently 173.34%.

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.