Keefe, Bruyette & Woods set a $17.00 price target on Ellington Financial LLC (NYSE:EFC) in a report issued on Monday. The firm currently has a hold rating on the financial services provider’s stock.

EFC has been the topic of a number of other research reports. Deutsche Bank AG lowered their price objective on shares of Ellington Financial from $18.00 to $17.00 and set a buy rating for the company in a research note on Wednesday, November 8th. BidaskClub upgraded shares of Ellington Financial from a sell rating to a hold rating in a research note on Friday, August 11th. Zacks Investment Research lowered shares of Ellington Financial from a hold rating to a strong sell rating in a research note on Thursday, November 9th. B. Riley lowered shares of Ellington Financial from a buy rating to a neutral rating and decreased their price target for the company from $17.50 to $16.00 in a research note on Wednesday, November 8th. Finally, ValuEngine upgraded shares of Ellington Financial from a hold rating to a buy rating in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $17.50.

Shares of Ellington Financial (EFC) traded up $0.13 during midday trading on Monday, hitting $15.33. 64,500 shares of the stock were exchanged, compared to its average volume of 79,975. The firm has a market cap of $484.97, a P/E ratio of 13.33 and a beta of 0.41. Ellington Financial has a 1 year low of $14.76 and a 1 year high of $17.00. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 1.90.

WARNING: “Ellington Financial LLC (EFC) Given a $17.00 Price Target by Keefe, Bruyette & Woods Analysts” was originally published by Watch List News and is the property of of Watch List News. If you are reading this report on another website, it was stolen and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be accessed at https://www.watchlistnews.com/ellington-financial-llc-efc-given-a-17-00-price-target-by-keefe-bruyette-woods-analysts/1703297.html.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.41 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.64 annualized dividend and a dividend yield of 10.70%. Ellington Financial’s payout ratio is 206.90%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in Ellington Financial by 24.0% during the second quarter. FMR LLC now owns 1,522,518 shares of the financial services provider’s stock valued at $24,680,000 after purchasing an additional 294,734 shares during the last quarter. Global X MANAGEMENT CO LLC lifted its holdings in Ellington Financial by 5.7% during the third quarter. Global X MANAGEMENT CO LLC now owns 526,255 shares of the financial services provider’s stock valued at $8,310,000 after purchasing an additional 28,233 shares during the last quarter. Global X Management Co. LLC increased its position in shares of Ellington Financial by 5.5% during the second quarter. Global X Management Co. LLC now owns 498,022 shares of the financial services provider’s stock valued at $8,073,000 after buying an additional 26,023 shares during the period. Mutual of America Capital Management LLC increased its position in shares of Ellington Financial by 2.8% during the third quarter. Mutual of America Capital Management LLC now owns 430,003 shares of the financial services provider’s stock valued at $6,790,000 after buying an additional 11,794 shares during the period. Finally, Morgan Stanley increased its position in shares of Ellington Financial by 9.6% during the first quarter. Morgan Stanley now owns 329,948 shares of the financial services provider’s stock valued at $5,224,000 after buying an additional 29,027 shares during the period. 49.98% of the stock is currently owned by institutional investors and hedge funds.

Ellington Financial Company Profile

Analyst Recommendations for Ellington Financial (NYSE:EFC)

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 Analyst Ratings Network's FREE daily email newsletter.