Shares of Ellington Financial LLC (NYSE:EFC) traded down 2.4% during mid-day trading 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 analysts have issued reports on the company. Deutsche Bank AG boosted their target price on Ellington Financial from $22.00 to $22.50 and gave the company a “buy” rating in a research report on Monday, May 9th. Zacks Investment Research lowered Ellington Financial from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 11th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Ellington Financial has a consensus rating of “Buy” and a consensus price target of $21.75.

The firm’s market capitalization is $564.47 million. The company has a 50-day moving average of $17.45 and a 200-day moving average of $17.31.

Ellington Financial (NYSE:EFC) last issued its 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 last year, the firm earned $0.39 EPS. Analysts forecast that Ellington Financial LLC will post $0.36 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders 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 11.57%. The ex-dividend date of this dividend is Tuesday, August 30th.

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