Ellington Financial Inc., through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. The company acquires and manages 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; and commercial mortgage loans and other commercial real estate debt. It also provides collateralized loan obligations; mortgage-related and non-mortgage-related derivatives; corporate debt and equity securities; corporate loans; and other strategic investments. In addition, the company offers consumer loans and asset-backed securities backed by consumer and commercial assets. Ellington Financial LLC was incorporated in 2007 and is based in Old Greenwich, Connecticut.
Ellington Financial Price Performance
Shares of Ellington Financial stock traded up $0.06 on Friday, hitting $15.68. The company's stock had a trading volume of 463,362 shares, compared to its average volume of 591,012. The firm has a fifty day moving average price of $15.19 and a 200-day moving average price of $16.30. The company has a debt-to-equity ratio of 4.62, a current ratio of 25.88 and a quick ratio of 39.86. Ellington Financial has a 1 year low of $12.74 and a 1 year high of $18.95.
Ellington Financial Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, September 26th. Stockholders of record on Wednesday, August 31st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.48%. Ellington Financial's dividend payout ratio (DPR) is -782.61%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the company. TheStreet downgraded Ellington Financial from a "b" rating to a "c" rating in a report on Friday, May 6th. Keefe, Bruyette & Woods lowered shares of Ellington Financial from an "outperform" rating to a "market perform" rating and set a $14.75 price target for the company. in a research report on Monday, July 18th. Piper Sandler cut their price objective on shares of Ellington Financial from $19.00 to $17.00 and set an "overweight" rating on the stock in a research report on Friday, June 24th. JMP Securities reduced their price objective on shares of Ellington Financial from $20.00 to $17.50 and set a "market outperform" rating for the company in a research note on Thursday, June 16th. Finally, StockNews.com downgraded Ellington Financial from a "hold" rating to a "sell" rating in a report on Friday, May 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $16.85.