Ellington Financial LLC (NYSE:EFC) has been assigned a consensus rating of “Hold” from the nine analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $17.25.
EFC has been the topic of a number of recent analyst reports. Sandler O’Neill initiated coverage on shares of Ellington Financial in a report on Wednesday, December 6th. They issued a “buy” rating and a $17.00 price objective on the stock. 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 Saturday, February 17th. ValuEngine upgraded shares of Ellington Financial from a “hold” rating to a “buy” rating in a report on Friday, December 1st. B. Riley set a $16.00 price objective on shares of Ellington Financial and gave the stock a “hold” rating in a report on Thursday, February 15th. Finally, Zacks Investment Research upgraded shares of Ellington Financial from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 9th.
Shares of Ellington Financial (EFC) traded up $0.05 during mid-day trading on Tuesday, reaching $15.12. 33,353 shares of the company’s stock were exchanged, compared to its average volume of 99,902. Ellington Financial has a 52-week low of $14.12 and a 52-week high of $17.00. The company has a debt-to-equity ratio of 1.91, a current ratio of 3.90 and a quick ratio of 3.90. The firm has a market cap of $474.80, a price-to-earnings ratio of 13.85 and a beta of 0.34.
Ellington Financial (NYSE:EFC) last issued its quarterly earnings data on Tuesday, February 13th. The financial services provider reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.04). Ellington Financial had a return on equity of 5.49% and a net margin of 36.17%. The firm had revenue of $25.10 million during the quarter, compared to analyst estimates of $24.63 million. research analysts predict that Ellington Financial will post 1.3 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were paid a $0.41 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.85%. Ellington Financial’s dividend payout ratio (DPR) is presently 156.19%.
Ellington Financial announced that its Board of Directors has initiated a share repurchase plan on Tuesday, February 13th that authorizes the company to repurchase 1,550,000 outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
Several institutional investors have recently modified their holdings of the company. BBR Partners LLC raised its stake in shares of Ellington Financial by 45.9% in the 4th quarter. BBR Partners LLC now owns 1,208,757 shares of the financial services provider’s stock valued at $17,539,000 after purchasing an additional 380,000 shares in the last quarter. Ranger Global Real Estate Advisors LLC raised its stake in shares of Ellington Financial by 1.4% in the 4th quarter. Ranger Global Real Estate Advisors LLC now owns 686,512 shares of the financial services provider’s stock valued at $9,961,000 after purchasing an additional 9,450 shares in the last quarter. Global X MANAGEMENT CO LLC raised its stake 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 valued at $8,310,000 after purchasing an additional 28,233 shares in the last quarter. West Family Investments Inc. raised its stake in shares of Ellington Financial by 10.7% in the 4th quarter. West Family Investments Inc. now owns 489,584 shares of the financial services provider’s stock valued at $7,104,000 after purchasing an additional 47,240 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in shares of Ellington Financial by 5.9% in the 4th quarter. Mutual of America Capital Management LLC now owns 455,306 shares of the financial services provider’s stock valued at $6,606,000 after purchasing an additional 25,303 shares in the last quarter. Institutional investors and hedge funds own 45.37% of the company’s stock.
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Ellington Financial Company Profile
Ellington Financial LLC is a specialty finance company that acquires and manages mortgage-related and other financial assets. The Company’s targeted assets include residential mortgage-backed securities (RMBS), backed by loans for which the principal and interest payments are not guaranteed by a United States Government agency or a United States Government-sponsored entity, collectively referred to as non-Agency RMBS; RMBS for which the principal and interest payments are guaranteed by the United States government agency or the United States government-sponsored entity (Agency RMBS); consumer loans and asset-backed securities (ABS) backed by consumer loans; commercial mortgage-backed securities (CMBS) commercial mortgage loans and other commercial real estate debt; residential mortgage loans; collateralized loan obligations (CLOs); corporate debt and equity, including distressed debt and equity, and mortgage-related derivatives.
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