Shares of Ellington Financial LLC (NYSE:EFC) have been assigned a consensus recommendation of “Hold” from the seven research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $17.63.
Several research firms recently weighed in on EFC. B. Riley restated a “buy” rating and issued a $16.00 price objective (down previously from $17.50) on shares of Ellington Financial in a research report on Wednesday, November 1st. BidaskClub upgraded shares of Ellington Financial from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research cut shares of Ellington Financial from a “hold” rating to a “strong sell” rating in a research report on Thursday. Deutsche Bank AG dropped their price objective on shares of Ellington Financial from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Maxim Group restated a “buy” rating and issued a $20.00 price objective on shares of Ellington Financial in a research report on Monday, October 9th.
Shares of Ellington Financial (NYSE:EFC) traded down $0.12 on Wednesday, hitting $15.20. The stock had a trading volume of 101,600 shares, compared to its average volume of 80,046. The firm has a market cap of $488.80, a P/E ratio of 13.44 and a beta of 0.41. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 1.90. Ellington Financial has a fifty-two week low of $14.76 and a fifty-two week high of $17.00.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 10.79%. The ex-dividend date of this dividend is Thursday, November 30th. Ellington Financial’s dividend payout ratio (DPR) is presently 206.90%.
Hedge funds have recently bought and sold shares of the stock. Nine Chapters Capital Management LLC bought a new position in Ellington Financial in the 2nd quarter worth approximately $172,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Ellington Financial during the 2nd quarter valued at $216,000. Russell Investments Group Ltd. bought a new stake in shares of Ellington Financial during the 2nd quarter valued at $219,000. Citadel Advisors LLC bought a new stake in shares of Ellington Financial during the 2nd quarter valued at $277,000. Finally, Wells Fargo & Company MN raised its position in shares of Ellington Financial by 16.9% during the 1st quarter. Wells Fargo & Company MN now owns 21,534 shares of the financial services provider’s stock valued at $341,000 after acquiring an additional 3,109 shares during the last quarter. Hedge funds and other institutional investors own 49.98% of the company’s stock.
Ellington Financial Company Profile
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