EFC has been the subject of a number of other research reports. Credit Suisse Group AG reissued a buy rating and issued a $20.00 price objective on shares of Ellington Financial in a research report on Sunday, September 11th. Zacks Investment Research raised Ellington Financial from a sell rating to a hold rating in a research report on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $20.75.
Shares of Ellington Financial (NYSE:EFC) opened at 16.07 on Tuesday. Ellington Financial has a 52-week low of $14.18 and a 52-week high of $18.74. The stock’s market cap is $524.64 million. The company’s 50-day moving average price is $16.89 and its 200-day moving average price is $17.21.
Ellington Financial (NYSE:EFC) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.29. During the same quarter last year, the firm posted $0.39 earnings per share. On average, equities research analysts forecast that Ellington Financial will post $0.28 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $2.00 dividend on an annualized basis and a yield of 12.45%.
A number of hedge funds have recently modified their holdings of EFC. Royal Bank of Canada boosted its stake in shares of Ellington Financial by 61.0% in the second quarter. Royal Bank of Canada now owns 8,333 shares of the company’s stock worth $143,000 after buying an additional 3,157 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Ellington Financial during the second quarter worth approximately $292,000. GSA Capital Partners LLP boosted its stake in shares of Ellington Financial by 93.8% in the second quarter. GSA Capital Partners LLP now owns 25,000 shares of the company’s stock worth $428,000 after buying an additional 12,100 shares in the last quarter. Optimum Investment Advisors boosted its stake in shares of Ellington Financial by 64.2% in the second quarter. Optimum Investment Advisors now owns 39,730 shares of the company’s stock worth $681,000 after buying an additional 15,535 shares in the last quarter. Finally, UBS Group AG boosted its stake in shares of Ellington Financial by 33.8% in the first quarter. UBS Group AG now owns 69,066 shares of the company’s stock worth $1,203,000 after buying an additional 17,461 shares in the last quarter.
Ellington Financial Company Profile
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