Van ECK Associates Corp Sells 111,539 Shares of Ellington Financial Inc. $EFC

Van ECK Associates Corp lowered its position in Ellington Financial Inc. (NYSE:EFC) by 8.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,253,122 shares of the financial services provider’s stock after selling 111,539 shares during the period. Van ECK Associates Corp owned approximately 0.97% of Ellington Financial worth $17,055,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of EFC. Sound Income Strategies LLC boosted its stake in Ellington Financial by 267.4% in the first quarter. Sound Income Strategies LLC now owns 2,208 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 1,607 shares in the last quarter. REAP Financial Group LLC acquired a new position in shares of Ellington Financial during the fourth quarter worth $36,000. Danske Bank A S purchased a new stake in shares of Ellington Financial during the 3rd quarter valued at $44,000. Huntington National Bank lifted its holdings in shares of Ellington Financial by 35.3% during the 4th quarter. Huntington National Bank now owns 4,136 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,078 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Ellington Financial by 18.3% during the 2nd quarter. GAMMA Investing LLC now owns 5,071 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 785 shares during the last quarter. Institutional investors own 55.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on EFC. Wall Street Zen upgraded Ellington Financial from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research cut Ellington Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. UBS Group raised their price target on Ellington Financial from $14.00 to $14.50 and gave the stock a “neutral” rating in a report on Wednesday, August 19th. BTIG Research downgraded shares of Ellington Financial from a “buy” rating to a “neutral” rating in a report on Wednesday, June 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ellington Financial in a research report on Tuesday, August 11th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Ellington Financial currently has a consensus rating of “Hold” and a consensus price target of $14.50.

Ellington Financial Price Performance

NYSE:EFC opened at $13.39 on Tuesday. Ellington Financial Inc. has a one year low of $11.27 and a one year high of $14.12. The company has a debt-to-equity ratio of 10.39, a quick ratio of 52.06 and a current ratio of 52.06. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 8.16 and a beta of 0.94. The firm’s fifty day moving average is $13.52 and its two-hundred day moving average is $13.05.

Ellington Financial (NYSE:EFC) last released its quarterly earnings data on Thursday, August 6th. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.14. The business had revenue of $134.11 million during the quarter, compared to analyst estimates of $114.59 million. Ellington Financial had a return on equity of 16.61% and a net margin of 52.43%. Research analysts expect that Ellington Financial Inc. will post 2.13 EPS for the current year.

Ellington Financial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be issued a dividend of $0.13 per share. This represents a c) annualized dividend and a yield of 11.7%. The ex-dividend date of this dividend is Monday, August 31st. Ellington Financial’s dividend payout ratio (DPR) is 95.12%.

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.