5 Dogs of the Russell 2000

3. Ellington Financial Inc. (NYSE:EFC)

Dividend Yield as of January 22: 14.01%
Market Cap as of January 22: $1.05 billion

An American specialty finance company, Ellington Financial Inc. (NYSE:EFC) is next on our dogs of the Russell 2000 list. The company’s monthly dividend currently comes in at $0.15 per share for a dividend yield of 14.01%, as recorded on January 22. In the third quarter of 2023, it reported a strong cash position with roughly $175 million available in cash and cash equivalents.

Of the 910 hedge funds tracked by Insider Monkey at the end of Q3 2023, 9 funds owned stakes in Ellington Financial Inc. (NYSE:EFC), up from 6 in the previous quarter. These stakes have a total value of over $33.8 million. Among these hedge funds, Mike Vranos’ Ellington was the company’s leading stakeholder in Q3.

Follow Ellington Financial Inc. (NYSE:EFC)