Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Ellington Financial (EFC) Stock Price
News headlines about Ellington Financial (NYSE:EFC) have been trending somewhat positive on Saturday, according to Accern Sentiment. Accern rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ellington Financial earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 46.2526155489293 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Ellington Financial (NYSE EFC) traded up $0.11 during trading hours on Friday, reaching $15.32. The company had a trading volume of 44,712 shares, compared to its average volume of 79,859. Ellington Financial has a 12 month low of $14.76 and a 12 month high of $17.00. The firm has a market cap of $485.29, a price-to-earnings ratio of 13.43 and a beta of 0.41. The company has a quick ratio of 2.86, a current ratio of 3.90 and a debt-to-equity ratio of 1.91.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.41 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.64 annualized dividend and a yield of 10.70%. Ellington Financial’s payout ratio is presently 204.55%.
Several research analysts recently issued reports on the company. Keefe, Bruyette & Woods set a $17.00 target price on Ellington Financial and gave the company a “hold” rating in a research report on Monday, November 13th. Zacks Investment Research lowered Ellington Financial from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 9th. Deutsche Bank AG reduced their target price on Ellington Financial from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, November 8th. B. Riley reaffirmed a “buy” rating and set a $16.00 target price (down from $17.50) on shares of Ellington Financial in a research report on Wednesday, November 1st. Finally, Maxim Group reaffirmed a “buy” rating and set a $20.00 target price on shares of Ellington Financial in a research report on Monday, October 9th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. Ellington Financial currently has an average rating of “Hold” and a consensus price target of $17.50.
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About Ellington Financial
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