Ellington Financial LLC (NYSE:EFC) CEO Laurence Penn acquired 30,000 shares of the company’s stock in a transaction dated Monday, November 12th. The shares were purchased at an average cost of $16.20 per share, with a total value of $486,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.

Laurence Penn also recently made the following trade(s):

  • On Wednesday, November 14th, Laurence Penn purchased 28,631 shares of Ellington Financial stock. The shares were bought at an average cost of $16.15 per share, for a total transaction of $462,390.65.

Shares of EFC traded up $0.05 during mid-day trading on Friday, hitting $15.57. 77,910 shares of the company traded hands, compared to its average volume of 65,964. Ellington Financial LLC has a one year low of $14.12 and a one year high of $16.84. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.80 and a quick ratio of 1.80. The stock has a market capitalization of $465.81 million, a P/E ratio of 14.42 and a beta of 0.39.

Ellington Financial (NYSE:EFC) last released its quarterly earnings results on Wednesday, November 7th. The financial services provider reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.03. Ellington Financial had a net margin of 45.70% and a return on equity of 6.62%. The business had revenue of $36.35 million for the quarter, compared to analysts’ expectations of $31.98 million. As a group, analysts anticipate that Ellington Financial LLC will post 1.42 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 30th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.64 annualized dividend and a dividend yield of 10.53%. Ellington Financial’s dividend payout ratio (DPR) is currently 151.85%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. bought a new position in Ellington Financial in the third quarter valued at approximately $172,000. Merriman Wealth Management LLC bought a new position in Ellington Financial in the second quarter valued at approximately $179,000. Stockman Wealth Management Inc. boosted its stake in Ellington Financial by 55.2% in the third quarter. Stockman Wealth Management Inc. now owns 25,300 shares of the financial services provider’s stock valued at $405,000 after acquiring an additional 9,000 shares during the last quarter. Renaissance Technologies LLC bought a new position in Ellington Financial in the second quarter valued at approximately $693,000. Finally, GSA Capital Partners LLP boosted its stake in Ellington Financial by 170.7% in the second quarter. GSA Capital Partners LLP now owns 65,935 shares of the financial services provider’s stock valued at $1,029,000 after acquiring an additional 41,582 shares during the last quarter. 46.72% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently commented on the stock. Zacks Investment Research cut shares of Ellington Financial from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. TheStreet raised shares of Ellington Financial from a “c” rating to a “b” rating in a research note on Wednesday, October 31st. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $18.10.

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Ellington Financial Company Profile

Ellington Financial LLC, through its subsidiary Ellington Financial Operating Partnership LLC, operates as a specialty finance company in the United States. The company acquires and manages mortgage-related assets, including residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, manufactured housing, and subprime residential mortgage loans; RMBS for which the principal and interest payments are guaranteed by the U.S.

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