Analysts Set Ellington Financial LLC (EFC) PT at $18.75

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.

COPYRIGHT VIOLATION NOTICE: “Analysts Set Ellington Financial LLC (EFC) PT at $18.75” was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The correct version of this story can be read at https://stocknewstimes.com/2017/11/11/analysts-set-ellington-financial-llc-efc-pt-at-18-75.html.

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

Receive News & Ratings for Ellington Financial LLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ellington Financial LLC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply