Ellington Financial LLC (EFC) Sees Strong Trading Volume
Ellington Financial LLC (NYSE:EFC) saw strong trading volume on Thursday . 88,009 shares were traded during trading, an increase of 17% from the previous session’s volume of 75,388 shares.The stock last traded at $16.85 and had previously closed at $17.06.
A number of equities research analysts recently issued reports on the stock. Maxim Group decreased their price target on shares of Ellington Financial from $22.50 to $21.00 and set a “buy” rating on the stock in a research note on Monday, April 18th. FBR & Co initiated coverage on shares of Ellington Financial in a research note on Thursday, April 21st. They issued an “outperform” rating and a $20.50 target price on the stock. Deutsche Bank AG increased their target price 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. Finally, Zacks Investment Research downgraded shares of Ellington Financial from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $21.50.
The company’s market cap is $553.12 million. The company has a 50-day moving average price of $17.33 and a 200-day moving average price of $17.03.
Ellington Financial (NYSE:EFC) last released its quarterly earnings results on Friday, May 6th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by $1.17. During the same quarter in the previous year, the business earned $0.57 EPS. On average, equities analysts predict that Ellington Financial LLC will post $0.81 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, May 27th. This represents a $2.00 dividend on an annualized basis and a yield of 11.87%.
A number of large investors recently added to or reduced their stakes in the stock. EJF Capital LLC boosted its stake in Ellington Financial by 6.7% in the fourth quarter. EJF Capital LLC now owns 80,000 shares of the company’s stock worth $1,342,000 after buying an additional 5,000 shares in the last quarter. BBR Partners LLC boosted its stake in Ellington Financial by 32.9% in the fourth quarter. BBR Partners LLC now owns 725,551 shares of the company’s stock worth $12,175,000 after buying an additional 179,675 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in Ellington Financial by 9.2% in the fourth quarter. Mutual of America Capital Management LLC now owns 390,319 shares of the company’s stock worth $6,550,000 after buying an additional 33,009 shares in the last quarter.
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