Ellington Financial LLC (NYSE:EFC) was down 2.4% on Tuesday . The company traded as low as $17.15 and last traded at $17.32, with a volume of 88,699 shares changing hands. The stock had previously closed at $17.75.

A number of equities research analysts have recently weighed in on EFC shares. Zacks Investment Research downgraded shares of Ellington Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, August 9th. Deutsche Bank AG raised their price target on shares of Ellington Financial from $22.00 to $22.50 and gave the company a “buy” rating in a research note on Monday, May 9th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $21.75.

The stock’s 50-day moving average price is $17.46 and its 200 day moving average price is $17.31. The firm’s market capitalization is $556.69 million.

Ellington Financial (NYSE:EFC) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.29. During the same quarter in the previous year, the company posted $0.39 earnings per share. Equities research analysts expect that Ellington Financial LLC will post $0.36 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 11.61%. The ex-dividend date is Tuesday, August 30th.

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