FY2017 EPS Estimates for Ellington Financial LLC Decreased by B. Riley (EFC)

Ellington Financial LLC (NYSE:EFC) – Investment analysts at B. Riley reduced their FY2017 EPS estimates for shares of Ellington Financial in a research report issued to clients and investors on Thursday. B. Riley analyst J. Levi-Ribner now anticipates that the financial services provider will post earnings per share of $1.07 for the year, down from their previous estimate of $1.08. B. Riley currently has a “Buy” rating and a $16.00 price target on the stock. B. Riley also issued estimates for Ellington Financial’s Q4 2017 earnings at $0.26 EPS, Q1 2018 earnings at $0.27 EPS, Q2 2018 earnings at $0.29 EPS, Q3 2018 earnings at $0.30 EPS, Q4 2018 earnings at $0.32 EPS, FY2018 earnings at $1.19 EPS, Q1 2019 earnings at $0.39 EPS, Q2 2019 earnings at $0.39 EPS, Q3 2019 earnings at $0.39 EPS, Q4 2019 earnings at $0.39 EPS and FY2019 earnings at $1.55 EPS.

EFC has been the topic of a number of other research reports. Deutsche Bank dropped their price objective on Ellington Financial from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. ValuEngine raised Ellington Financial from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research raised Ellington Financial from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Sandler O’Neill initiated coverage on Ellington Financial in a research note on Wednesday, December 6th. They issued a “buy” rating and a $17.00 price objective on the stock. Finally, Keefe, Bruyette & Woods set a $17.00 target price on Ellington Financial and gave the stock a “hold” rating in a report on Monday, November 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $17.25.

Shares of Ellington Financial (EFC) opened at $15.01 on Friday. Ellington Financial has a 12 month low of $14.45 and a 12 month high of $17.00. The company has a quick ratio of 3.90, a current ratio of 3.90 and a debt-to-equity ratio of 1.91. The company has a market capitalization of $476.93, a price-to-earnings ratio of 17.06 and a beta of 0.41.

Several hedge funds and other institutional investors have recently modified their holdings of EFC. FMR LLC grew its holdings in shares of Ellington Financial by 24.0% in the 2nd quarter. FMR LLC now owns 1,522,518 shares of the financial services provider’s stock worth $24,680,000 after acquiring an additional 294,734 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Ellington Financial in the 2nd quarter worth $1,245,000. HighTower Advisors LLC acquired a new position in shares of Ellington Financial in the 2nd quarter worth $1,003,000. Virtu KCG Holdings LLC grew its holdings in shares of Ellington Financial by 254.7% in the 2nd quarter. Virtu KCG Holdings LLC now owns 44,243 shares of the financial services provider’s stock worth $717,000 after acquiring an additional 31,768 shares during the last quarter. Finally, Global X MANAGEMENT CO LLC grew its holdings in shares of Ellington Financial by 5.7% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 526,255 shares of the financial services provider’s stock worth $8,310,000 after acquiring an additional 28,233 shares during the last quarter. Institutional investors and hedge funds own 45.70% of the company’s stock.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.93%. The ex-dividend date was Thursday, November 30th. Ellington Financial’s payout ratio is 186.36%.

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About Ellington Financial

Earnings History and Estimates for Ellington Financial (NYSE:EFC)

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