5 High Dividend Stocks With Over 8% Yield

3. Ellington Financial Inc. (NYSE:EFC)

Number of Hedge Fund Holders: 7

Dividend Yield as of October 20: 9.76%

Ellington Financial Inc. (NYSE: EFC) is a mortgage real estate investment trust that manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. The company ranks third on our list of the 10 high dividend stocks with over 8% yield.

Investment advisory BTIG is bullish on Ellington Financial Inc. (NYSE: EFC), holding a Buy rating on the company. The firm also raised its price target on the stock to $19.

By the end of the second quarter of 2021, 7 hedge funds out of the 873 tracked by Insider Monkey held stakes in Ellington Financial Inc. (NYSE:EFC) worth roughly $45 million. This is compared to 6 hedge funds in the previous quarter with a total stake value of approximately $39 million.

Out of the hedge funds being tracked by Insider Monkey, Leon Cooperman’s Omega Advisors is among the biggest shareholders in the company, with 850,887 shares worth more than $16.29 million.