Headlines about Ellington Financial (NYSE:EFC) have been trending positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ellington Financial earned a media sentiment score of 0.27 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 44.7218254857021 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s analysis:
- B. Riley Lowers Ellington Financial (EFC) to Neutral (americanbankingnews.com)
- Ellington Financial (EFC) Price Target Lowered to $17.00 at Deutsche Bank (americanbankingnews.com)
- Ellington Financial’s (EFC) Buy Rating Reiterated at B. Riley (americanbankingnews.com)
- Ellington Financial (EFC) Lowered to “Strong Sell” at Zacks Investment Research (americanbankingnews.com)
- Ellington Financial (EFC) Rating Increased to Hold at Zacks Investment Research (americanbankingnews.com)
EFC has been the topic of a number of analyst reports. Sandler O’Neill initiated coverage on shares of Ellington Financial in a research report on Wednesday, December 6th. They issued a “buy” rating and a $17.00 target price on the stock. Maxim Group restated a “buy” rating and issued a $19.00 price objective on shares of Ellington Financial in a research report on Tuesday, January 9th. Zacks Investment Research upgraded shares of Ellington Financial from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 9th. B. Riley set a $16.00 price objective on shares of Ellington Financial and gave the company a “hold” rating in a research report on Thursday, February 15th. Finally, Keefe, Bruyette & Woods restated a “neutral” rating on shares of Ellington Financial in a research report on Friday, February 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $17.25.
Shares of EFC stock traded down $0.03 during mid-day trading on Monday, reaching $14.78. The stock had a trading volume of 12,457 shares, compared to its average volume of 91,655. Ellington Financial has a 52-week low of $14.12 and a 52-week high of $17.00. The stock has a market capitalization of $465.68, a price-to-earnings ratio of 13.69 and a beta of 0.30. The company has a current ratio of 3.07, a quick ratio of 3.07 and a debt-to-equity ratio of 2.38.
Ellington Financial (NYSE:EFC) last released its quarterly earnings data on Tuesday, February 13th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.04). Ellington Financial had a net margin of 36.17% and a return on equity of 5.53%. The firm had revenue of $25.10 million during the quarter, compared to analysts’ expectations of $24.63 million. equities analysts predict that Ellington Financial will post 1.38 EPS for the current year.
Ellington Financial declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, February 13th that authorizes the company to buyback 1,550,000 outstanding shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 11.10%. The ex-dividend date was Wednesday, February 28th. Ellington Financial’s dividend payout ratio is currently 151.85%.
About Ellington Financial
Ellington Financial LLC is a specialty finance company that acquires and manages mortgage-related and other financial assets. The Company’s targeted assets include residential mortgage-backed securities (RMBS), backed by loans for which the principal and interest payments are not guaranteed by a United States Government agency or a United States Government-sponsored entity, collectively referred to as non-Agency RMBS; RMBS for which the principal and interest payments are guaranteed by the United States government agency or the United States government-sponsored entity (Agency RMBS); consumer loans and asset-backed securities (ABS) backed by consumer loans; commercial mortgage-backed securities (CMBS) commercial mortgage loans and other commercial real estate debt; residential mortgage loans; collateralized loan obligations (CLOs); corporate debt and equity, including distressed debt and equity, and mortgage-related derivatives.
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