News stories about Ellington Financial (NYSE:EFC) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ellington Financial earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 46.2788755616372 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Ellington Financial LLC breached its 50 day moving average in a Bearish Manner : EFC-US : August 11, 2017 (finance.yahoo.com)
- Ellington Financial LLC (NYSE:EFC) Downgraded to “Sell” at Zacks Investment Research (americanbankingnews.com)
- Ellington Financial LLC Reports Estimated … (ih.advfn.com)
- Ellington Financial LLC Reports Estimated Book Value Per Share as of July 31, 2017 (finance.yahoo.com)
Shares of Ellington Financial (NYSE:EFC) remained flat at $16.25 on Friday. 54,926 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $16.20 and a 200 day moving average price of $16.22. The firm has a market capitalization of $521.82 million, a P/E ratio of 23.69 and a beta of 0.44. Ellington Financial has a 12-month low of $15.30 and a 12-month high of $18.04.
Ellington Financial (NYSE:EFC) last announced its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.06. The company had revenue of $22.66 million during the quarter, compared to analyst estimates of $21.82 million. Ellington Financial had a net margin of 26.67% and a return on equity of 5.48%. Ellington Financial’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 EPS. Equities research analysts forecast that Ellington Financial will post $1.33 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 11.08%. The ex-dividend date of this dividend is Wednesday, August 30th. Ellington Financial’s dividend payout ratio is 257.15%.
A number of equities research analysts have issued reports on EFC shares. Zacks Investment Research upgraded Ellington Financial from a “hold” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a research note on Tuesday, April 18th. FBR & Co reiterated a “buy” rating and issued a $17.50 target price on shares of Ellington Financial in a research note on Monday, May 8th. Finally, BidaskClub cut Ellington Financial from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Ellington Financial has a consensus rating of “Hold” and a consensus price target of $19.13.
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Ellington Financial Company Profile
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