Ellington Financial LLC (EFC) Receives Buy Rating from Maxim Group

Maxim Group reissued their buy rating on shares of Ellington Financial LLC (NYSE:EFC) in a research note released on Monday. Maxim Group currently has a $20.00 price objective on the financial services provider’s stock.

Several other analysts have also issued reports on EFC. BidaskClub raised shares of Ellington Financial from a sell rating to a hold rating in a research report on Friday, August 11th. Zacks Investment Research lowered shares of Ellington Financial from a hold rating to a sell rating in a research report on Wednesday, August 9th. Finally, ValuEngine raised shares of Ellington Financial from a hold rating to a buy rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $18.75.

Ellington Financial (NYSE:EFC) opened at 15.70 on Monday. The company has a market cap of $504.16 million, a P/E ratio of 23.05 and a beta of 0.43. Ellington Financial has a 12-month low of $15.30 and a 12-month high of $17.00. The stock’s 50 day moving average is $15.75 and its 200-day moving average is $16.19.

Ellington Financial (NYSE:EFC) last announced its earnings results on Thursday, August 3rd. The financial services provider reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.06). Ellington Financial had a return on equity of 5.48% and a net margin of 26.67%. The business had revenue of $22.66 million for the quarter, compared to analyst estimates of $21.82 million. During the same quarter in the previous year, the company posted $0.15 EPS. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. Analysts predict that Ellington Financial will post $1.34 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Ellington Financial LLC (EFC) Receives Buy Rating from Maxim Group” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this story can be viewed at https://ledgergazette.com/2017/10/10/ellington-financial-llc-efc-receives-buy-rating-from-maxim-group.html.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 11.46%. The ex-dividend date of this dividend was Wednesday, August 30th. Ellington Financial’s dividend payout ratio (DPR) is currently 257.15%.

A number of hedge funds and other institutional investors have recently bought and sold shares of EFC. Nine Chapters Capital Management LLC bought a new stake in Ellington Financial during the second quarter worth $172,000. Cambridge Investment Research Advisors Inc. bought a new stake in Ellington Financial du

Several other analysts have also issued reports on EFC. BidaskClub raised shares of Ellington Financial from a sell rating to a hold rating in a research report on Friday, August 11th. Zacks Investment Research lowered shares of Ellington Financial from a hold rating to a sell rating in a research report on Wednesday, August 9th. Finally, ValuEngine raised shares of Ellington Financial from a hold rating to a buy rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $18.75.

Ellington Financial (NYSE:EFC) opened at 15.70 on Monday. The company has a market cap of $504.16 million, a P/E ratio of 23.05 and a beta of 0.43. Ellington Financial has a 12-month low of $15.30 and a 12-month high of $17.00. The stock’s 50 day moving average is $15.75 and its 200-day moving average is $16.19.

Ellington Financial (NYSE:EFC) last announced its earnings results on Thursday, August 3rd. The financial services provider reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.06). Ellington Financial had a return on equity of 5.48% and a net margin of 26.67%. The business had revenue of $22.66 million for the quarter, compared to analyst estimates of $21.82 million. During the same quarter in the previous year, the company posted $0.15 EPS. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. Analysts predict that Ellington Financial will post $1.34 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Ellington Financial LLC (EFC) Receives Buy Rating from Maxim Group” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this story can be viewed at https://ledgergazette.com/2017/10/10/ellington-financial-llc-efc-receives-buy-rating-from-maxim-group.html.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 11.46%. The ex-dividend date of this dividend was Wednesday, August 30th. Ellington Financial’s dividend payout ratio (DPR) is currently 257.15%.

A number of hedge funds and other institutional investors have recently bought and sold shares of EFC. Nine Chapters Capital Management LLC bought a new stake in Ellington Financial during the second quarter worth $172,000. Cambridge Investment Research Advisors Inc. bought a new stake in Ellington Financial during the second quarter worth $216,000. Russell Investments Group Ltd. bought a new stake in Ellington Financial during the second quarter worth $219,000. Citadel Advisors LLC bought a new stake in Ellington Financial during the second quarter worth $277,000. Finally, Wells Fargo & Company MN raised its position in Ellington Financial by 16.9% during the first quarter. Wells Fargo & Company MN now owns 21,534 shares of the financial services provider’s stock worth $341,000 after acquiring an additional 3,109 shares in the last quarter. 50.54% of the stock is currently owned by hedge funds and other institutional investors.

Ellington Financial Company Profile

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