42,845 Shares in Ellington Financial Inc. $EFC Bought by Savvy Advisors Inc.

Savvy Advisors Inc. acquired a new position in Ellington Financial Inc. (NYSE:EFC) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 42,845 shares of the financial services provider’s stock, valued at approximately $556,000.

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

Wall Street Analyst Weigh In

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

Ellington Financial Trading Down 0.3%

NYSE EFC opened at $12.95 on Friday. Ellington Financial Inc. has a 12 month low of $11.12 and a 12 month high of $14.40. The stock has a market cap of $1.50 billion, a P/E ratio of 9.66 and a beta of 0.95. The stock’s fifty day moving average price is $13.54 and its 200-day moving average price is $13.50. The company has a current ratio of 50.60, a quick ratio of 50.60 and a debt-to-equity ratio of 10.64.

Ellington Financial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be paid a $0.13 dividend. This represents a c) annualized dividend and a dividend yield of 12.1%. The ex-dividend date is Friday, February 27th. Ellington Financial’s dividend payout ratio is currently 116.42%.

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.