Ellington Financial Inc. $EFC Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its stake in shares of Ellington Financial Inc. (NYSE:EFC) by 20.9% during the 3rd quarter, Holdings Channel reports. The fund owned 389,619 shares of the financial services provider’s stock after buying an additional 67,375 shares during the quarter. Public Sector Pension Investment Board’s holdings in Ellington Financial were worth $5,057,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC increased its position in Ellington Financial by 3.7% during the second quarter. Geode Capital Management LLC now owns 2,187,694 shares of the financial services provider’s stock worth $28,422,000 after purchasing an additional 77,047 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Ellington Financial by 5.4% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,463,311 shares of the financial services provider’s stock valued at $19,008,000 after buying an additional 75,430 shares during the period. Delphi Financial Group Inc. grew its stake in shares of Ellington Financial by 28.9% in the 2nd quarter. Delphi Financial Group Inc. now owns 721,757 shares of the financial services provider’s stock valued at $9,376,000 after buying an additional 161,700 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Ellington Financial by 6.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 717,560 shares of the financial services provider’s stock worth $9,321,000 after buying an additional 46,288 shares during the last quarter. Finally, Amundi raised its position in shares of Ellington Financial by 17.5% during the 2nd quarter. Amundi now owns 576,446 shares of the financial services provider’s stock valued at $7,546,000 after buying an additional 85,742 shares during the period. Hedge funds and other institutional investors own 55.62% of the company’s stock.

Ellington Financial Price Performance

Ellington Financial stock opened at $12.45 on Friday. The company’s 50 day simple moving average is $13.46 and its 200-day simple moving average is $13.49. The company has a debt-to-equity ratio of 10.64, a quick ratio of 50.60 and a current ratio of 50.60. Ellington Financial Inc. has a 1 year low of $11.12 and a 1 year high of $14.40. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 9.29 and a beta of 0.95.

Ellington Financial Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be paid a dividend of $0.13 per share. This represents a c) dividend on an annualized basis and a yield of 12.5%. The ex-dividend date is Friday, February 27th. Ellington Financial’s dividend payout ratio is 116.42%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Ellington Financial in a research report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.55.

Ellington Financial 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.