Ellington Financial LLC (NYSE:EFC) had its price objective dropped by stock analysts at Maxim Group from $20.50 to $20.00 in a research note issued on Tuesday. The firm presently has a “buy” rating on the stock. Maxim Group’s price objective would suggest a potential upside of 24.53% from the company’s current price.
EFC has been the subject of a number of other reports. Credit Suisse Group AG reiterated a “buy” rating and issued a $20.00 price target on shares of Ellington Financial in a research note on Sunday, September 11th. Zacks Investment Research upgraded 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 given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $20.75.
Ellington Financial (NYSE:EFC) last released its quarterly 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 quarter in the prior year, the firm posted $0.39 earnings per share.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 12.45%. The ex-dividend date of this dividend was Tuesday, August 30th.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Optimum Investment Advisors raised its position 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. Royal Bank of Canada raised its position 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. Citigroup Inc. raised its position in shares of Ellington Financial by 6,184.8% in the second quarter. Citigroup Inc. now owns 131,981 shares of the company’s stock worth $2,261,000 after buying an additional 129,881 shares in the last quarter. Global X Management Co. LLC raised its position in shares of Ellington Financial by 47.4% in the second quarter. Global X Management Co. LLC now owns 341,459 shares of the company’s stock worth $5,849,000 after buying an additional 109,778 shares in the last quarter. Finally, GSA Capital Partners LLP raised its position 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.
Ellington Financial Company Profile
Receive News & Ratings for Ellington Financial LLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ellington Financial LLC and related companies with MarketBeat.com's FREE daily email newsletter.