Ellington Financial LLC (NYSE:EFC) – Equities research analysts at B. Riley lowered their FY2017 earnings estimates for Ellington Financial in a report released on Thursday. B. Riley analyst J. Levi-Ribner now expects that the financial services provider will post earnings per share of $1.07 for the year, down from their previous estimate of $1.08. B. Riley has a “Buy” rating and a $16.00 price target on the stock. B. Riley also issued estimates for Ellington Financial’s Q4 2017 earnings at $0.26 EPS, Q1 2018 earnings at $0.27 EPS, Q2 2018 earnings at $0.29 EPS, Q3 2018 earnings at $0.30 EPS, Q4 2018 earnings at $0.32 EPS, FY2018 earnings at $1.19 EPS, Q1 2019 earnings at $0.39 EPS, Q2 2019 earnings at $0.39 EPS, Q3 2019 earnings at $0.39 EPS, Q4 2019 earnings at $0.39 EPS and FY2019 earnings at $1.55 EPS.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Ellington Financial from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Sandler O’Neill assumed coverage on shares of Ellington Financial in a research note on Wednesday, December 6th. They set a “buy” rating and a $17.00 price target on the stock. Maxim Group reaffirmed a “buy” rating and set a $20.00 price target on shares of Ellington Financial in a research note on Monday, October 9th. Deutsche Bank lowered their price target on shares of Ellington Financial from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. Finally, ValuEngine raised shares of Ellington Financial from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $17.25.

Ellington Financial (EFC) opened at $15.01 on Friday. The company has a market cap of $478.91, a price-to-earnings ratio of 17.06 and a beta of 0.41. The company has a debt-to-equity ratio of 1.91, a quick ratio of 3.90 and a current ratio of 3.90. Ellington Financial has a 12-month low of $14.45 and a 12-month high of $17.00.

Large investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. acquired a new stake in Ellington Financial in the 2nd quarter valued at about $216,000. Russell Investments Group Ltd. acquired a new stake in Ellington Financial in the 2nd quarter valued at about $219,000. Citadel Advisors LLC acquired a new stake in Ellington Financial in the 2nd quarter valued at about $277,000. Goldman Sachs Group Inc. acquired a new stake in Ellington Financial in the 2nd quarter valued at about $405,000. Finally, Virtu KCG Holdings LLC grew its stake in Ellington Financial by 254.7% in the 2nd quarter. Virtu KCG Holdings LLC now owns 44,243 shares of the financial services provider’s stock valued at $717,000 after acquiring an additional 31,768 shares during the last quarter. 45.70% of the stock is currently owned by institutional investors and hedge funds.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.93%. Ellington Financial’s dividend payout ratio (DPR) is presently 186.36%.

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About Ellington Financial

Earnings History and Estimates for Ellington Financial (NYSE:EFC)

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