Ellington Financial LLC (NYSE:EFC) – Investment analysts at B. Riley dropped their FY2017 earnings per share (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 expects 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 target price 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.
Several other brokerages have also weighed in on EFC. Zacks Investment Research upgraded shares of Ellington Financial from a “strong sell” rating to a “hold” rating in a report on Monday, October 9th. Maxim Group reiterated a “buy” rating and set a $20.00 price objective on shares of Ellington Financial in a report on Monday, October 9th. Keefe, Bruyette & Woods set a $17.00 price objective on shares of Ellington Financial and gave the stock a “hold” rating in a report on Monday, November 13th. Deutsche Bank cut their price objective on shares of Ellington Financial from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Finally, ValuEngine upgraded shares of Ellington Financial from a “hold” rating to a “buy” rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $17.25.
Ellington Financial (NYSE:EFC) opened at $15.01 on Friday. The firm has a market cap of $478.91, a PE ratio of 17.06 and a beta of 0.41. Ellington Financial has a 1-year low of $14.45 and a 1-year high of $17.00. The company has a current ratio of 3.90, a quick ratio of 3.90 and a debt-to-equity ratio of 1.91.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a $0.41 dividend. The ex-dividend date was Thursday, November 30th. This represents a $1.64 annualized dividend and a yield of 10.93%. Ellington Financial’s payout ratio is 186.36%.
A number of hedge funds and other institutional investors have recently bought and sold shares of EFC. Cambridge Investment Research Advisors Inc. purchased a new position in Ellington Financial in the second quarter valued at approximately $216,000. Russell Investments Group Ltd. purchased a new position in Ellington Financial in the second quarter valued at approximately $219,000. Citadel Advisors LLC purchased a new position in Ellington Financial in the second quarter valued at approximately $277,000. Goldman Sachs Group Inc. purchased a new position in Ellington Financial in the second quarter valued at approximately $405,000. Finally, Virtu KCG Holdings LLC raised its holdings in Ellington Financial by 254.7% in the second quarter. Virtu KCG Holdings LLC now owns 44,243 shares of the financial services provider’s stock valued at $717,000 after buying an additional 31,768 shares during the period. Hedge funds and other institutional investors own 45.70% of the company’s stock.
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About Ellington Financial
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