Ellington Financial LLC (EFC) Given Average Rating of “Hold” by Brokerages

Ellington Financial LLC (NYSE:EFC) has been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $17.42.

EFC has been the topic of a number of research analyst reports. Deutsche Bank dropped their target price on shares of Ellington Financial from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Sandler O’Neill initiated coverage on shares of Ellington Financial in a report on Wednesday, December 6th. They issued a “buy” rating and a $17.00 target price on the stock. ValuEngine raised shares of Ellington Financial from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Maxim Group reaffirmed a “buy” rating and issued a $20.00 target price on shares of Ellington Financial in a report on Monday, October 9th. Finally, B. Riley reissued a “buy” rating and issued a $16.00 price target (down from $17.50) on shares of Ellington Financial in a report on Wednesday, November 1st.

Shares of Ellington Financial (EFC) opened at $14.53 on Thursday. The company has a quick ratio of 3.90, a current ratio of 3.90 and a debt-to-equity ratio of 1.91. The stock has a market cap of $463.59, a PE ratio of 16.70 and a beta of 0.41. Ellington Financial has a fifty-two week low of $14.46 and a fifty-two week high of $17.00.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a $0.41 dividend. The ex-dividend date was Thursday, November 30th. This represents a $1.64 annualized dividend and a yield of 11.29%. Ellington Financial’s dividend payout ratio is currently 188.51%.

A number of institutional investors have recently added to or reduced their stakes in the business. Tahithromos L.L.C. raised its holdings in Ellington Financial by 0.3% in the 2nd quarter. Tahithromos L.L.C. now owns 121,645 shares of the financial services provider’s stock valued at $1,972,000 after acquiring an additional 400 shares during the period. Mutual of America Capital Management LLC raised its holdings in Ellington Financial by 0.7% in the 2nd quarter. Mutual of America Capital Management LLC now owns 418,209 shares of the financial services provider’s stock valued at $6,779,000 after acquiring an additional 2,993 shares during the period. BB&T Securities LLC raised its holdings in Ellington Financial by 21.1% in the 2nd quarter. BB&T Securities LLC now owns 47,142 shares of the financial services provider’s stock valued at $764,000 after acquiring an additional 8,200 shares during the period. Cambridge Investment Research Advisors Inc. bought a new position in Ellington Financial in the 2nd quarter valued at about $216,000. Finally, Russell Investments Group Ltd. bought a new position in Ellington Financial in the 2nd quarter valued at about $219,000. 45.70% of the stock is currently owned by hedge funds and other institutional investors.

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