Ellington Financial LLC (NYSE:EFC)‘s stock had its “buy” rating restated by stock analysts at Credit Suisse Group AG in a research report issued on Sunday. They currently have a $20.00 target price on the stock. Credit Suisse Group AG’s price objective suggests a potential upside of 17.16% from the stock’s current price.
Separately, Zacks Investment Research raised Ellington Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $21.00.
Ellington Financial (NYSE:EFC) opened at 17.07 on Friday. Ellington Financial has a 12-month low of $14.18 and a 12-month high of $18.74. The firm’s 50-day moving average price is $17.48 and its 200-day moving average price is $17.33. The stock’s market cap is $557.28 million.
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Ellington Financial (NYSE:EFC) last released its earnings results on Thursday, August 4th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by $0.29. During the same period in the previous year, the firm earned $0.39 earnings per share. On average, equities analysts predict that Ellington Financial will post $0.36 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $2.00 annualized dividend and a dividend yield of 11.72%.
Several large investors have added to or reduced their stakes in the stock. Acadian Asset Management LLC acquired a new stake in Ellington Financial during the second quarter valued at approximately $292,000. Merriman Wealth Management LLC acquired a new stake in Ellington Financial during the second quarter valued at approximately $3,475,000. LPL Financial LLC boosted its stake in Ellington Financial by 0.6% in the first quarter. LPL Financial LLC now owns 11,860 shares of the company’s stock valued at $204,000 after buying an additional 73 shares during the period. Omega Advisors Inc. boosted its stake in Ellington Financial by 5.4% in the first quarter. Omega Advisors Inc. now owns 1,225,000 shares of the company’s stock valued at $21,340,000 after buying an additional 63,260 shares during the period. Finally, UBS Group AG boosted its stake in Ellington Financial by 33.8% in the first quarter. UBS Group AG now owns 69,066 shares of the company’s stock valued at $1,203,000 after buying an additional 17,461 shares during the period.
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