Ellington Financial LLC (NYSE:EFC) – Equities research analysts at B. Riley decreased their FY2017 earnings per share (EPS) estimates for Ellington Financial in a research report issued to clients and investors on Thursday. B. Riley analyst J. Levi-Ribner now forecasts that the financial services provider will earn $1.07 per share for the year, down from their prior forecast of $1.08. B. Riley currently has a “Buy” rating and a $16.00 target price on the stock. B. Riley also issued estimates for Ellington Financial’s Q4 2017 earnings at $0.26 EPS, Q1 2018 earnings at $0.27 EPS, Q2 2018 earnings at $0.29 EPS, Q3 2018 earnings at $0.30 EPS, Q4 2018 earnings at $0.32 EPS, FY2018 earnings at $1.19 EPS, Q1 2019 earnings at $0.39 EPS, Q2 2019 earnings at $0.39 EPS, Q3 2019 earnings at $0.39 EPS, Q4 2019 earnings at $0.39 EPS and FY2019 earnings at $1.55 EPS.
Several other brokerages also recently weighed in on EFC. Zacks Investment Research upgraded Ellington Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, October 9th. Maxim Group restated a “buy” rating and set a $20.00 target price on shares of Ellington Financial in a research note on Monday, October 9th. Keefe, Bruyette & Woods set a $17.00 target price on Ellington Financial and gave the stock a “hold” rating in a research note on Monday, November 13th. Deutsche Bank dropped their target price on Ellington Financial from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. Finally, ValuEngine upgraded Ellington Financial from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Ellington Financial has a consensus rating of “Buy” and an average price target of $17.25.
A number of institutional investors have recently bought and sold shares of the business. Tahithromos L.L.C. grew its stake in Ellington Financial by 0.3% during 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 purchasing an additional 400 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in Ellington Financial by 0.7% during 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 purchasing an additional 2,993 shares during the last quarter. BB&T Securities LLC grew its stake in Ellington Financial by 21.4% during the 3rd quarter. BB&T Securities LLC now owns 57,249 shares of the financial services provider’s stock valued at $903,000 after purchasing an additional 10,107 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in Ellington Financial during the 2nd quarter valued at about $216,000. Finally, Russell Investments Group Ltd. purchased a new stake in Ellington Financial during the 2nd quarter valued at about $219,000. Institutional investors and hedge funds own 45.70% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.64 annualized dividend and a yield of 11.01%. Ellington Financial’s payout ratio is presently 186.36%.
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Ellington Financial Company Profile
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