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NYSE:EFCEllington Financial Stock Price, Forecast & News

$10.35
+0.19 (+1.87 %)
(As of 05/25/2020 04:00 PM ET)
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Today's Range
$9.74
Now: $10.35
$10.35
50-Day Range
$3.90
MA: $9.56
$11.04
52-Week Range
$3.24
Now: $10.35
$19.12
Volume330,336 shs
Average Volume592,825 shs
Market Capitalization$453.12 million
P/E RatioN/A
Dividend Yield9.28%
Beta2.08
Ellington Financial LLC, through its subsidiary Ellington Financial Operating Partnership LLC, operates as a specialty finance company in the United States. The company acquires and manages mortgage-related assets, including residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, manufactured housing, and subprime residential mortgage loans; RMBS for which the principal and interest payments are guaranteed by the U.S. government agency or the U.S. government-sponsored entity; residential mortgage loans; commercial mortgage-backed securities; commercial mortgage loans and other commercial real estate debt; and residential mortgage loans. It also provides collateralized loan obligations; mortgage-related and non-mortgage-related derivatives; equity investments in mortgage-related entities; and other strategic investments, as well as invests in corporate debt and equity securities. In addition, it offers consumer loans and asset-backed securities backed by consumer and commercial assets. Ellington Financial LLC was founded in 2007 and is based in Old Greenwich, Connecticut.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.3Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.40 out of 5 stars


Industry, Sector and Symbol

Industry Real estate
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone203-698-1200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$159.90 million
Cash Flow$2.46 per share
Book Value$17.24 per share

Profitability

Net Income$59.24 million

Miscellaneous

EmployeesN/A
Market Cap$453.12 million
Next Earnings Date8/3/2020 (Estimated)
OptionableOptionable

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Ellington Financial (NYSE:EFC) Frequently Asked Questions

How has Ellington Financial's stock been impacted by COVID-19 (Coronavirus)?

Ellington Financial's stock was trading at $14.80 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, EFC stock has decreased by 30.1% and is now trading at $10.35. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Ellington Financial?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ellington Financial in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Ellington Financial.

When is Ellington Financial's next earnings date?

Ellington Financial is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Ellington Financial.

How were Ellington Financial's earnings last quarter?

Ellington Financial Inc (NYSE:EFC) posted its earnings results on Thursday, May, 7th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.13. The financial services provider had revenue of $30.02 million for the quarter, compared to analysts' expectations of $24.52 million. Ellington Financial had a negative net margin of 55.19% and a positive return on equity of 9.94%. View Ellington Financial's earnings history.

How often does Ellington Financial pay dividends? What is the dividend yield for Ellington Financial?

Ellington Financial announced a quarterly dividend on Thursday, May 7th. Investors of record on Friday, May 29th will be given a dividend of $0.08 per share on Thursday, June 25th. This represents a $0.32 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Thursday, May 28th. View Ellington Financial's dividend history.

What price target have analysts set for EFC?

4 Wall Street analysts have issued 12 month price targets for Ellington Financial's shares. Their forecasts range from $13.00 to $20.00. On average, they expect Ellington Financial's share price to reach $17.00 in the next year. This suggests a possible upside of 64.3% from the stock's current price. View analysts' price targets for Ellington Financial.

What are Wall Street analysts saying about Ellington Financial stock?

Here are some recent quotes from research analysts about Ellington Financial stock:
  • 1. According to Zacks Investment Research, "Ellington Financial LLC is a finance company that engages in acquiring and managing mortgage-related assets, including residential mortgage backed securities, prime jumbo, Alternative A-paper and subprime residential mortgage loans. The Company's targeted assets also include mortgage-related derivatives, corporate debt and equity securities and derivatives. Ellington Financial LLC is headquartered in Old Greenwich, USA. " (5/4/2020)
  • 2. Maxim Group analysts commented, "EFC reported 2Q19 EPS of $0.43 and 2Q19 core income of $0.46 per share, both covering EFC’s new $0.42 quarterly dividend, now paid monthly ($0.14 per month) related to its conversion to a REIT. We are maintaining our price target at $20. This equates to 1.06x book value (unchanged), which is inline with the average P/BV multiple of other high- quality mortgage REITs." (8/9/2019)

Has Ellington Financial been receiving favorable news coverage?

News coverage about EFC stock has trended negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Ellington Financial earned a news impact score of -2.1 on InfoTrie's scale. They also gave media coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutEllington Financial.

Who are some of Ellington Financial's key competitors?

What other stocks do shareholders of Ellington Financial own?

Who are Ellington Financial's key executives?

Ellington Financial's management team includes the following people:
  • Mr. Laurence Eric Penn, CEO, Pres & Director (Age 57)
  • Mr. Michael William Vranos, Co-Chief Investment Officer (Age 57)
  • Mr. JR Herlihy B.A., Chief Financial Officer (Age 37)
  • Mr. Mark Ira Tecotzky, Co-Chief Investment Officer (Age 57)
  • Mr. Christopher M. Smernoff B.S., C.P.A., Chief Accounting Officer (Age 42)

What is Ellington Financial's stock symbol?

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

Who are Ellington Financial's major shareholders?

Ellington Financial's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.11%), American Financial Group Inc. (4.36%), Ranger Global Real Estate Advisors LLC (4.24%), State Street Corp (2.64%), Grantham Mayo Van Otterloo & Co. LLC (1.61%) and West Family Investments Inc. (1.35%). View institutional ownership trends for Ellington Financial.

Which institutional investors are selling Ellington Financial stock?

EFC stock was sold by a variety of institutional investors in the last quarter, including State of Michigan Retirement System, Acadian Asset Management LLC, Claybrook Capital LLC, Morgan Stanley, Nuveen Asset Management LLC, Connor Clark & Lunn Investment Management Ltd., JPMorgan Chase & Co., and UBS Group AG. View insider buying and selling activity for Ellington Financial.

Which institutional investors are buying Ellington Financial stock?

EFC stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Ranger Global Real Estate Advisors LLC, State Street Corp, American Financial Group Inc., Grantham Mayo Van Otterloo & Co. LLC, Wolverine Asset Management LLC, Balyasny Asset Management LLC, and Mackay Shields LLC. View insider buying and selling activity for Ellington Financial.

How do I buy shares of 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.

What is Ellington Financial's stock price today?

One share of EFC stock can currently be purchased for approximately $10.35.

How big of a company is Ellington Financial?

Ellington Financial has a market capitalization of $453.12 million and generates $159.90 million in revenue each year. The financial services provider earns $59.24 million in net income (profit) each year or $1.82 on an earnings per share basis.

What is Ellington Financial's official website?

The official website for Ellington Financial is www.ellingtonfinancial.com.

How can I contact Ellington Financial?

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

This page was last updated on 5/26/2020 by MarketBeat.com Staff

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