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.
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%.
WARNING: This piece was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece on another domain, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this piece can be viewed at https://stocknewstimes.com/2018/01/13/fy2017-eps-estimates-for-ellington-financial-llc-decreased-by-b-riley-efc.html.
About Ellington Financial
Receive News & Ratings for Ellington Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ellington Financial and related companies with MarketBeat.com's FREE daily email newsletter.