Analysts Set Ellington Financial Inc. (NYSE:EFC) Target Price at $14.00

Ellington Financial Inc. (NYSE:EFC - Get Free Report) has been assigned an average rating of "Buy" from the five brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $14.00.

A number of analysts have recently commented on EFC shares. JMP Securities reissued a "market outperform" rating and issued a $14.00 price target on shares of Ellington Financial in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods boosted their target price on Ellington Financial from $13.75 to $14.50 and gave the stock an "outperform" rating in a report on Monday, March 3rd. Finally, B. Riley raised Ellington Financial to a "strong-buy" rating in a research note on Tuesday, January 7th.

Ellington Financial Stock Down 0.1 %

Shares of EFC stock traded down $0.02 during mid-day trading on Friday, reaching $13.25. 695,496 shares of the company's stock traded hands, compared to its average volume of 929,955. The company's 50-day moving average price is $13.10 and its 200-day moving average price is $12.67. The company has a market cap of $1.20 billion, a P/E ratio of 10.11 and a beta of 1.99. The company has a quick ratio of 37.04, a current ratio of 37.04 and a debt-to-equity ratio of 10.87. Ellington Financial has a 12 month low of $10.88 and a 12 month high of $14.40.

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Ellington Financial (NYSE:EFC - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.07. The company had revenue of $38.13 million during the quarter, compared to analysts' expectations of $112.88 million. Ellington Financial had a net margin of 106.40% and a return on equity of 10.26%. On average, equities analysts expect that Ellington Financial will post 1.38 earnings per share for the current fiscal year.

Ellington Financial Announces Dividend

The firm also recently disclosed a mar 25 dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be given a $0.13 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a yield of 11.7%. Ellington Financial's dividend payout ratio (DPR) is presently 113.04%.

Institutional Trading of Ellington Financial

Institutional investors and hedge funds have recently modified their holdings of the business. Larson Financial Group LLC boosted its position in shares of Ellington Financial by 18,200.0% during the fourth quarter. Larson Financial Group LLC now owns 2,562 shares of the financial services provider's stock valued at $31,000 after buying an additional 2,548 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Ellington Financial by 162.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,602 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 1,610 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of Ellington Financial by 814.9% during the 4th quarter. Sterling Capital Management LLC now owns 2,644 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 2,355 shares during the last quarter. AlphaQuest LLC bought a new stake in shares of Ellington Financial in the fourth quarter worth approximately $37,000. Finally, State of Wyoming purchased a new position in shares of Ellington Financial during the fourth quarter valued at approximately $56,000. Institutional investors own 55.62% of the company's stock.

About Ellington Financial

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 mortgage; RMBS for which the principal and interest payments are guaranteed by the U.S.