Ellington Financial LLC (NYSE:EFC) had its target price cut by Maxim Group from $20.50 to $20.00 in a research note published on Tuesday. They currently have a buy rating on the stock.

A number of other brokerages have also issued reports on EFC. Zacks Investment Research lowered shares of Ellington Financial from a hold rating to a sell rating in a report on Tuesday, August 9th. Credit Suisse Group AG reaffirmed a buy rating and set a $20.00 target price on shares of Ellington Financial in a research note on Sunday, September 11th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company has an average rating of Buy and a consensus price target of $20.75.

Ellington Financial (NYSE:EFC) traded up 0.7461% on Tuesday, hitting $16.1899. 10,730 shares of the company traded hands. The firm’s market capitalization is $528.55 million. Ellington Financial has a 12 month low of $14.18 and a 12 month high of $18.74. The stock’s 50-day moving average is $16.99 and its 200 day moving average is $17.23.

Ellington Financial (NYSE:EFC) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.29. During the same quarter in the previous year, the firm earned $0.39 EPS. Equities analysts forecast that Ellington Financial will post $0.28 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 12.45%. The ex-dividend date was Tuesday, August 30th.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Omega Advisors Inc. raised its position in Ellington Financial by 5.4% in the first quarter. Omega Advisors Inc. now owns 1,225,000 shares of the company’s stock valued at $21,340,000 after buying an additional 63,260 shares during the last quarter. Mutual of America Capital Management LLC raised its position in Ellington Financial by 2.7% in the second quarter. Mutual of America Capital Management LLC now owns 400,711 shares of the company’s stock valued at $6,864,000 after buying an additional 10,666 shares during the last quarter. Global X Management Co. LLC raised its position in Ellington Financial by 47.4% in the second quarter. Global X Management Co. LLC now owns 341,459 shares of the company’s stock valued at $5,849,000 after buying an additional 109,778 shares during the last quarter. Merriman Wealth Management LLC acquired a new position in Ellington Financial during the second quarter valued at approximately $3,475,000. Finally, Citigroup Inc. raised its position in Ellington Financial by 6,184.8% in the second quarter. Citigroup Inc. now owns 131,981 shares of the company’s stock valued at $2,261,000 after buying an additional 129,881 shares during the last quarter.

About Ellington Financial

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