Ellington Financial Inc. (NYSE:EFC) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Ellington Financial Inc. (NYSE:EFCGet Free Report) have been assigned an average rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $13.95.

A number of analysts have recently issued reports on the stock. JMP Securities reissued a “market outperform” rating and set a $14.50 target price on shares of Ellington Financial in a research note on Thursday, April 18th. Jonestrading assumed coverage on shares of Ellington Financial in a research note on Friday, April 19th. They set a “hold” rating for the company. StockNews.com raised shares of Ellington Financial from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Keefe, Bruyette & Woods lowered their price objective on shares of Ellington Financial from $14.00 to $13.25 and set an “outperform” rating for the company in a research note on Wednesday, February 28th. Finally, BTIG Research lowered their price objective on shares of Ellington Financial from $15.50 to $13.50 and set a “buy” rating for the company in a research note on Thursday, April 18th.

Read Our Latest Stock Analysis on EFC

Institutional Trading of Ellington Financial

Several hedge funds have recently modified their holdings of EFC. Global Retirement Partners LLC purchased a new stake in shares of Ellington Financial during the first quarter valued at about $27,000. Tower Research Capital LLC TRC increased its holdings in shares of Ellington Financial by 100.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,835 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 1,424 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Ellington Financial by 35.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,757 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 992 shares in the last quarter. Private Trust Co. NA increased its holdings in shares of Ellington Financial by 42.8% during the fourth quarter. Private Trust Co. NA now owns 4,334 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 1,299 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Ellington Financial during the fourth quarter valued at about $102,000. 55.62% of the stock is owned by hedge funds and other institutional investors.

Ellington Financial Stock Down 1.1 %

NYSE EFC opened at $12.03 on Friday. The company has a quick ratio of 46.79, a current ratio of 46.79 and a debt-to-equity ratio of 10.99. The company has a fifty day moving average of $11.69 and a two-hundred day moving average of $12.11. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 18.79 and a beta of 1.95. Ellington Financial has a 52 week low of $10.88 and a 52 week high of $14.21.

Ellington Financial (NYSE:EFCGet Free Report) last issued its earnings results on Tuesday, May 7th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.07). The company had revenue of $31.06 million for the quarter, compared to analysts’ expectations of $26.68 million. Ellington Financial had a net margin of 66.65% and a return on equity of 10.51%. On average, analysts predict that Ellington Financial will post 1.46 earnings per share for the current year.

Ellington Financial Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Friday, May 31st will be given a dividend of $0.13 per share. This represents a $1.56 annualized dividend and a dividend yield of 12.97%. The ex-dividend date of this dividend is Friday, May 31st. Ellington Financial’s payout ratio is 243.75%.

About Ellington Financial

(Get Free Report

Ellington Financial Inc, through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. The company acquires and manages residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, manufactured housing, and subprime mortgage; RMBS for which the principal and interest payments are guaranteed by the U.S.

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Analyst Recommendations for Ellington Financial (NYSE:EFC)

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