Media headlines about Ellington Financial (NYSE:EFC) have trended somewhat positive on Friday, Accern Sentiment reports. Accern rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ellington Financial earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 46.8401292864726 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Ellington Financial (NYSE:EFC) traded down 0.12% during midday trading on Friday, reaching $16.02. 6,246 shares of the company traded hands. The firm has a market capitalization of $514.43 million, a PE ratio of 23.52 and a beta of 0.44. The company has a 50-day moving average of $16.14 and a 200 day moving average of $16.24. Ellington Financial has a 12-month low of $15.30 and a 12-month high of $18.04.
Ellington Financial (NYSE:EFC) last announced its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by $0.06. Ellington Financial had a return on equity of 5.48% and a net margin of 26.67%. The company had revenue of $22.66 million during the quarter, compared to the consensus estimate of $21.82 million. During the same quarter in the prior year, the firm earned $0.15 earnings per share. The business’s revenue was down 4.9% compared to the same quarter last year. On average, equities analysts forecast that Ellington Financial will post $1.35 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.22%. The ex-dividend date of this dividend is Wednesday, August 30th. Ellington Financial’s payout ratio is 257.15%.
A number of research firms have recently commented on EFC. BidaskClub upgraded shares of Ellington Financial from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research downgraded shares of Ellington Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, FBR & Co restated a “buy” rating and set a $17.50 price objective on shares of Ellington Financial in a research note on Monday, May 8th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $19.13.
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Ellington Financial Company Profile
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