Ellington Financial (NYSE:EFC) Releases Quarterly Earnings Results, Beats Expectations By $0.14 EPS

Ellington Financial (NYSE:EFC) posted its quarterly earnings data on Thursday. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.14, Zacks reports. The business had revenue of $134.11 million during the quarter, compared to the consensus estimate of $114.59 million. Ellington Financial had a return on equity of 17.13% and a net margin of 52.43%.

Ellington Financial Trading Up 3.5%

EFC traded up $0.46 during trading on Friday, reaching $13.60. 2,231,489 shares of the stock traded hands, compared to its average volume of 1,146,854. The company has a quick ratio of 42.65, a current ratio of 42.65 and a debt-to-equity ratio of 10.18. The stock’s 50-day moving average is $13.50 and its 200 day moving average is $13.03. Ellington Financial has a 12 month low of $11.27 and a 12 month high of $14.12. The stock has a market capitalization of $1.71 billion, a PE ratio of 8.29 and a beta of 0.94.

Ellington Financial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, July 31st will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 11.5%. Ellington Financial’s dividend payout ratio is 93.98%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Ellington Financial by 15.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 179,803 shares of the financial services provider’s stock worth $2,384,000 after purchasing an additional 23,553 shares during the period. Creative Planning acquired a new position in Ellington Financial in the second quarter valued at approximately $176,000. Franklin Resources Inc. bought a new position in shares of Ellington Financial during the 2nd quarter worth approximately $166,000. New York State Common Retirement Fund grew its position in shares of Ellington Financial by 16.6% during the 2nd quarter. New York State Common Retirement Fund now owns 27,434 shares of the financial services provider’s stock worth $356,000 after buying an additional 3,900 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Ellington Financial during the 2nd quarter worth approximately $138,000. 55.62% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EFC has been the topic of several recent research reports. Wall Street Zen raised Ellington Financial from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research downgraded Ellington Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Weiss Ratings raised Ellington Financial from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 14th. Finally, BTIG Research cut Ellington Financial from a “buy” rating to a “neutral” rating in a report on Wednesday, June 17th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $13.88.

Ellington Financial Company Profile

Ellington Financial, Inc (NYSE: EFC) is a mortgage real estate investment trust (REIT) that focuses on generating attractive risk-adjusted returns through investments in residential and commercial mortgage-related assets. Established in 2013, the company is externally managed by Ellington Financial Management, L.P., a subsidiary of Ellington Management Group, an alternative asset management firm. EFC’s core strategy centers on actively acquiring and managing agency and non-agency residential mortgage-backed securities (MBS), mortgage servicing rights, residential whole loans, and other structured finance instruments, including asset-backed securities and commercial mortgage-backed securities (CMBS).

The company employs leverage and structured financing tools—such as repurchase agreements and secured credit facilities—to enhance portfolio yield while maintaining focus on risk mitigation.