Ellington Financial LLC (EFC) Downgraded to “Neutral” at B. Riley
B. Riley lowered shares of Ellington Financial LLC (NYSE:EFC) from a buy rating to a neutral rating in a report published on Wednesday morning, MarketBeat reports. They currently have $16.00 target price on the financial services provider’s stock, down from their prior target price of $17.50. B. Riley also issued estimates for Ellington Financial’s Q4 2017 earnings at $0.27 EPS, FY2017 earnings at $1.08 EPS, Q1 2018 earnings at $0.30 EPS, Q2 2018 earnings at $0.31 EPS, Q3 2018 earnings at $0.33 EPS, Q4 2018 earnings at $0.36 EPS and FY2018 earnings at $1.30 EPS.
EFC has been the topic of a number of other reports. BidaskClub upgraded Ellington Financial from a sell rating to a hold rating in a research note on Friday, August 11th. ValuEngine upgraded Ellington Financial from a hold rating to a buy rating in a research note on Friday, September 1st. Zacks Investment Research downgraded Ellington Financial from a hold rating to a sell rating in a research note on Wednesday, August 9th. Finally, Maxim Group restated a buy rating and issued a $20.00 price target on shares of Ellington Financial in a research note on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $17.63.
Ellington Financial (NYSE EFC) traded down $0.12 during trading on Wednesday, hitting $15.20. The company had a trading volume of 101,600 shares, compared to its average volume of 100,755. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.86 and a current ratio of 2.86. Ellington Financial has a 12-month low of $14.76 and a 12-month high of $17.00. The stock has a market capitalization of $484.97, a P/E ratio of 13.33 and a beta of 0.41.
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The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.41 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.79%. Ellington Financial’s dividend payout ratio (DPR) is 206.90%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tahithromos L.L.C. raised its holdings in shares of Ellington Financial by 0.3% in the second quarter. Tahithromos L.L.C. now owns 121,645 shares of the financial services provider’s stock worth $1,972,000 after acquiring an additional 400 shares during the last quarter. Edge Wealth Management LLC raised its holdings in shares of Ellington Financial by 1.6% in the second quarter. Edge Wealth Management LLC now owns 32,500 shares of the financial services provider’s stock worth $530,000 after acquiring an additional 500 shares during the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of Ellington Financial by 0.7% in the second quarter. Mutual of America Capital Management LLC now owns 418,209 shares of the financial services provider’s stock worth $6,779,000 after acquiring an additional 2,993 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Ellington Financial by 16.9% in the first quarter. Wells Fargo & Company MN now owns 21,534 shares of the financial services provider’s stock worth $341,000 after acquiring an additional 3,109 shares during the last quarter. Finally, BB&T Securities LLC raised its holdings in shares of Ellington Financial by 21.1% in the second quarter. BB&T Securities LLC now owns 47,142 shares of the financial services provider’s stock worth $764,000 after acquiring an additional 8,200 shares during the last quarter. 49.98% of the stock is owned by institutional investors.
About Ellington Financial
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