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

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

Ellington Financial Stock Performance

EFC traded up $0.46 on Friday, reaching $13.60. The company had a trading volume of 2,231,489 shares, compared to its average volume of 1,146,854. Ellington Financial has a 1 year low of $11.27 and a 1 year 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. 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 has a 50-day moving average price of $13.50 and a 200-day moving average price of $13.03.

Ellington Financial Dividend Announcement

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

Hedge Funds Weigh In On Ellington Financial

Several hedge funds have recently made changes to their positions in EFC. State Street Corp lifted its holdings in shares of Ellington Financial by 5.5% in the 4th quarter. State Street Corp now owns 3,779,402 shares of the financial services provider’s stock valued at $51,814,000 after purchasing an additional 196,894 shares during the last quarter. Geode Capital Management LLC grew its stake in Ellington Financial by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 2,412,329 shares of the financial services provider’s stock worth $32,766,000 after buying an additional 142,912 shares during the last quarter. Invesco Ltd. increased its position in Ellington Financial by 17.6% during the third quarter. Invesco Ltd. now owns 2,218,506 shares of the financial services provider’s stock worth $28,796,000 after buying an additional 331,934 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Ellington Financial by 7.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,566,268 shares of the financial services provider’s stock worth $20,330,000 after buying an additional 102,957 shares during the period. Finally, Amundi increased its position in Ellington Financial by 106.8% during the fourth quarter. Amundi now owns 1,497,373 shares of the financial services provider’s stock worth $20,334,000 after buying an additional 773,291 shares during the period. Hedge funds and other institutional investors own 55.62% of the company’s stock.

Analyst Ratings Changes

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

About Ellington Financial

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.