Ellington Financial (EFC) Lifted to Buy at ValuEngine
ValuEngine upgraded shares of Ellington Financial (NYSE:EFC) from a hold rating to a buy rating in a research report released on Friday morning.
Other equities research analysts have also recently issued research reports about the company. Deutsche Bank reduced their price objective on Ellington Financial from $18.00 to $17.00 and set a buy rating for the company in a report on Wednesday, November 8th. B. Riley restated a buy rating and set a $16.00 price objective (down previously from $17.50) on shares of Ellington Financial in a report on Wednesday, November 1st. Maxim Group restated a buy rating and set a $20.00 price objective on shares of Ellington Financial in a report on Monday, October 9th. Keefe, Bruyette & Woods set a $17.00 price objective on Ellington Financial and gave the stock a hold rating in a report on Monday, November 13th. Finally, BidaskClub upgraded Ellington Financial from a sell rating to a hold rating in a report on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. Ellington Financial has a consensus rating of Hold and a consensus price target of $17.50.
Shares of Ellington Financial (EFC) traded up $0.02 during trading hours on Friday, hitting $14.97. The stock had a trading volume of 159,000 shares, compared to its average volume of 80,429. Ellington Financial has a 12 month low of $14.76 and a 12 month high of $17.00. The company has a market capitalization of $477.63, a PE ratio of 13.13 and a beta of 0.41. The company has a current ratio of 3.90, a quick ratio of 3.90 and a debt-to-equity ratio of 1.91.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 10.96%. The ex-dividend date of this dividend is Thursday, November 30th. Ellington Financial’s dividend payout ratio (DPR) is currently 188.51%.
Hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC bought a new stake in shares of Ellington Financial in the second quarter valued at approximately $1,003,000. Virtu KCG Holdings LLC boosted its stake in shares of Ellington Financial by 254.7% in the second quarter. Virtu KCG Holdings LLC now owns 44,243 shares of the financial services provider’s stock valued at $717,000 after buying an additional 31,768 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of Ellington Financial in the second quarter valued at approximately $405,000. FMR LLC boosted its stake in shares of Ellington Financial by 24.0% in the second quarter. FMR LLC now owns 1,522,518 shares of the financial services provider’s stock valued at $24,680,000 after buying an additional 294,734 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Ellington Financial in the second quarter valued at approximately $1,245,000. Institutional investors and hedge funds own 45.84% of the company’s stock.
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Ellington Financial Company Profile
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