Ellington Financial LLC (EFC) Sees Strong Trading Volume
Ellington Financial LLC (NYSE:EFC) saw strong trading volume on Friday . 62,412 shares were traded during trading, a decline of 7% from the previous session’s volume of 67,001 shares.The stock last traded at $17.86 and had previously closed at $17.86.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Ellington Financial from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. Deutsche Bank AG boosted their price objective on shares of Ellington Financial from $22.00 to $22.50 and gave the company a “buy” rating in a report on Monday, May 9th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Ellington Financial currently has an average rating of “Buy” and a consensus price target of $21.75.
The firm’s 50 day moving average price is $17.42 and its 200 day moving average price is $17.27. The company’s market cap is $582.10 million.
Ellington Financial (NYSE:EFC) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.29. During the same period in the previous year, the firm earned $0.39 EPS. On average, equities research analysts predict that Ellington Financial LLC will post $0.36 EPS for the current fiscal year.
The business 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 is Tuesday, August 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.22%.
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