Ellington Financial LLC (EFC) Sees Large Volume Increase
Shares of Ellington Financial LLC (NYSE:EFC) saw an uptick in trading volume on Friday . 62,412 shares traded hands 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 research firms recently issued reports on EFC. Zacks Investment Research raised Ellington Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Deutsche Bank AG upped their price target on Ellington Financial from $22.00 to $22.50 and gave the stock a “buy” rating in a research report on Monday, May 9th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $21.75.
The stock’s market capitalization is $582.10 million. The firm has a 50-day moving average price of $17.39 and a 200-day moving average price of $17.26.
Ellington Financial (NYSE:EFC) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.29. During the same quarter in the previous year, the business earned $0.39 earnings per share. On average, analysts expect that Ellington Financial LLC will post $0.36 earnings per share for the current 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 paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.22%. The ex-dividend date is Tuesday, August 30th.
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