Integrated Wealth Concepts LLC Acquires New Position in Ellington Financial Inc. (NYSE:EFC)

Integrated Wealth Concepts LLC bought a new position in shares of Ellington Financial Inc. (NYSE:EFC) during the third quarter, HoldingsChannel reports. The firm bought 11,493 shares of the financial services provider’s stock, valued at approximately $148,000.

Several other hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its holdings in Ellington Financial by 146.5% in the third quarter. Harbor Capital Advisors Inc. now owns 726,779 shares of the financial services provider’s stock worth $9,368,000 after acquiring an additional 431,945 shares during the last quarter. Strategic Financial Concepts LLC raised its position in shares of Ellington Financial by 1,667.2% during the 2nd quarter. Strategic Financial Concepts LLC now owns 282,746 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 266,746 shares during the period. Prevail Innovative Wealth Advisors LLC bought a new stake in shares of Ellington Financial in the 2nd quarter worth approximately $2,968,000. Van ECK Associates Corp boosted its position in Ellington Financial by 32.3% during the 2nd quarter. Van ECK Associates Corp now owns 751,997 shares of the financial services provider’s stock valued at $9,084,000 after purchasing an additional 183,544 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Ellington Financial by 88.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 134,926 shares of the financial services provider’s stock worth $1,739,000 after buying an additional 63,515 shares during the last quarter. Institutional investors and hedge funds own 55.62% of the company’s stock.

Insider Buying and Selling

In related news, CIO Michael W. Vranos sold 14,000 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $12.48, for a total value of $174,720.00. Following the completion of the sale, the executive now owns 168,359 shares of the company’s stock, valued at $2,101,120.32. This represents a 7.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 4.40% of the company’s stock.

Ellington Financial Stock Performance

EFC stock opened at $12.35 on Friday. Ellington Financial Inc. has a 1 year low of $10.88 and a 1 year high of $13.46. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 9.43 and a beta of 1.97. The company has a debt-to-equity ratio of 10.87, a quick ratio of 37.04 and a current ratio of 37.04. The stock’s fifty day moving average is $12.38 and its two-hundred day moving average is $12.58.

Ellington Financial (NYSE:EFC) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.04. The firm had revenue of $33.63 million for the quarter, compared to the consensus estimate of $37.95 million. Ellington Financial had a net margin of 106.40% and a return on equity of 10.26%. During the same period last year, the firm posted $0.33 EPS. On average, research analysts predict that Ellington Financial Inc. will post 1.37 EPS for the current year.

Ellington Financial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, January 27th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.56 annualized dividend and a dividend yield of 12.63%. Ellington Financial’s dividend payout ratio is presently 119.08%.

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.