UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 63,515 Shares of Ellington Financial Inc. (NYSE:EFC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Ellington Financial Inc. (NYSE:EFC) by 88.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 134,926 shares of the financial services provider’s stock after purchasing an additional 63,515 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.16% of Ellington Financial worth $1,739,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in EFC. Harbor Capital Advisors Inc. raised its position 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 period. Strategic Financial Concepts LLC raised its holdings in shares of Ellington Financial by 1,667.2% in 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 position in Ellington Financial during the second quarter valued at $2,968,000. Van ECK Associates Corp grew its holdings in Ellington Financial by 32.3% during the second 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, Intech Investment Management LLC bought a new stake in shares of Ellington Financial in the third quarter valued at $695,000. 55.62% of the stock is currently owned by institutional investors.

Ellington Financial Stock Up 0.7 %

EFC stock opened at $12.44 on Tuesday. The stock has a fifty day moving average of $12.39 and a 200-day moving average of $12.58. Ellington Financial Inc. has a fifty-two week low of $10.88 and a fifty-two week high of $13.46. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 9.50 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.

Ellington Financial (NYSE:EFC) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.36 by $0.04. The business 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 in the prior year, the firm earned $0.33 earnings per share. As a group, equities research analysts predict that Ellington Financial Inc. will post 1.37 earnings per share for the current year.

Ellington Financial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, January 27th. Investors of record on Tuesday, December 31st will be paid a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.56 dividend on an annualized basis and a yield of 12.54%. Ellington Financial’s dividend payout ratio is 119.08%.

Insider Buying and Selling at Ellington Financial

In other news, CIO Michael W. Vranos sold 14,000 shares of the company’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $12.48, for a total transaction of $174,720.00. Following the sale, the executive now directly owns 168,359 shares in the company, valued at $2,101,120.32. This represents a 7.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 4.40% of the company’s stock.

About Ellington Financial

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.