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 announced a monthly dividend on Tuesday, December 10th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.14 per share on Monday, January 27th. This represents a $1.68 annualized dividend and a dividend yield of 9.21%. The ex-dividend date is Monday, December 30th. View Ellington Financial's Dividend History.

Ellington Financial declared that its board has initiated a stock repurchase program on Thursday, February 15th 2018, which allows the company to repurchase 1,550,000 shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board of directors believes its stock is undervalued.

Ellington Financial Inc (NYSE:EFC) released its quarterly earnings results on Wednesday, November, 6th. The financial services provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.43 by $0.04. The financial services provider earned $39.99 million during 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 equities research analysts have issued 12 month price targets for Ellington Financial's shares. Their forecasts range from $18.00 to $20.00. On average, they expect Ellington Financial's share price to reach $19.33 in the next year. This suggests a possible upside of 5.9% 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.

Media stories about EFC stock have trended negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Ellington Financial earned a daily sentiment score of -2.5 on InfoTrie's scale. They also assigned news articles about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. 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 volume of 213,300 shares, the short-interest ratio is currently 3.1 days. Currently, 2.1% of the company's stock 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), Armada Hoffler Properties (AHH), Five Point (FPH), 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 ANNALY CAP MGMT/SH (NLY).

Ellington Financial's stock is owned by a variety of of retail and institutional investors. Top institutional investors 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 purchased 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 $18.25.

Ellington Financial has a market capitalization of $617.07 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]