NYSE:EFC - Ellington Financial Stock Price, Forecast & News

Ellington Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "EFC."

Ellington Financial declared a monthly dividend on Thursday, November 7th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.14 per share on Thursday, December 26th. This represents a $1.68 dividend on an annualized basis and a yield of 9.22%. The ex-dividend date of this dividend is Wednesday, November 27th. View Ellington Financial's Dividend History.

Ellington Financial declared that its board has approved a share buyback program on Thursday, February 15th 2018, which permits the company to buyback 1,550,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board believes its shares are undervalued.

Ellington Financial Inc (NYSE:EFC) issued its quarterly earnings data on Wednesday, November, 6th. The financial services provider reported $0.47 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.43 by $0.04. The financial services provider had revenue of $39.99 million for the quarter, compared to analyst estimates of $39.03 million. Ellington Financial had a return on equity of 9.00% and a net margin of 28.49%. View Ellington Financial's Earnings History.

Ellington Financial is scheduled to release their next quarterly earnings announcement on Wednesday, February 19th 2020. View Earnings Estimates for Ellington Financial.

3 analysts have issued 1-year price targets for Ellington Financial's shares. Their forecasts range from $18.00 to $20.00. On average, they anticipate Ellington Financial's stock price to reach $19.33 in the next year. This suggests a possible upside of 6.1% from the stock's current price. View Analyst Price Targets for Ellington Financial.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ellington Financial in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ellington Financial.

News coverage about EFC stock has been trending extremely positive this week, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Ellington Financial earned a daily sentiment score of 5.0 on InfoTrie's scale. They also assigned headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Ellington Financial.

Ellington Financial saw a drop in short interest during the month of November. As of November 15th, there was short interest totalling 658,100 shares, a drop of 10.8% from the October 31st total of 738,000 shares. Based on an average daily trading volume, of 213,300 shares, the short-interest ratio is currently 3.1 days. Currently, 2.1% of the company's shares are short sold. View Ellington Financial's Current Options Chain.

Some companies that are related to Ellington Financial include Shanghai Industrial (SGHIY), Gazit Globe (GZTGF), Office Properties Income Trust (OPI), Seritage Growth Properties (SRG), Getty Realty (GTY), Five Point (FPH), Armada Hoffler Properties (AHH), Forestar Group (FOR), Innovative Industrial Properties (IIPR), Front Yard Residential (RESI), Retail Value (RVI), HomeFed (HOFD), FRP (FRPH), BBX Capital (BBX) and Tejon Ranch (TRC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Ellington Financial investors own include Energy Transfer LP Unit (ET), AGNC Investment (AGNC), Navios Maritime Midstream Partners (NAP), Ares Capital (ARCC), Arlington Asset Investment (AI), AT&T (T), Ford Motor (F), NGL Energy Partners (NGL), New Residential Investment (NRZ) and Cornerstone Total Return Fund (CRF).

Ellington Financial's stock is owned by many different of institutional and retail investors. Top institutional shareholders include State Street Corp (1.81%), Chicago Equity Partners LLC (0.56%), Millennium Management LLC (0.47%), Boston Advisors LLC (0.30%), Wedge Capital Management L L P NC (0.22%) and California State Teachers Retirement System (0.14%). Company insiders that own Ellington Financial stock include Laurence Penn, Michael W Vranos and Ronald I Simon. View Institutional Ownership Trends for Ellington Financial.

EFC stock was sold by a variety of institutional investors in the last quarter, including Yorktown Management & Research Co Inc, Russell Investments Group Ltd., BB&T Securities LLC and Jag Capital Management LLC. View Insider Buying and Selling for Ellington Financial.

EFC stock was acquired by a variety of institutional investors in the last quarter, including State Street Corp, Chicago Equity Partners LLC, Millennium Management LLC, SG Americas Securities LLC, Meeder Asset Management Inc., Boston Advisors LLC, Nisa Investment Advisors LLC and Wedge Capital Management L L P NC. Company insiders that have bought Ellington Financial stock in the last two years include Laurence Penn, Michael W Vranos and Ronald I Simon. View Insider Buying and Selling for Ellington Financial.

Shares of EFC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of EFC stock can currently be purchased for approximately $18.23.

Ellington Financial has a market capitalization of $616.36 million and generates $135.04 million in revenue each year. The financial services provider earns $46.68 million in net income (profit) each year or $1.41 on an earnings per share basis. View Additional Information About Ellington Financial.

The official website for Ellington Financial is http://www.ellingtonfinancial.com/.

Ellington Financial's mailing address is 53 Forest Ave, Old Greenwich CT, 06870. The financial services provider can be reached via phone at 203-698-1200 or via email at [email protected]