A share price of Ellington Financial Inc [EFC] is currently trading at $11.51, up 0.88%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The EFC shares have gain 4.16% over the last week, with a monthly amount drifted -4.08%, and not seem to be holding up well over a long-time horizon.
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On 7, March 2024, Ellington Financial Declares Common and Preferred Dividends. In a post published today on Yahoo Finance, Ellington Financial Inc. (NYSE: EFC) (the “Company”) today announced that its Board of Directors has declared the following: (i) a monthly dividend of $0.13 per share of common stock, payable on April 25, 2024 to common stockholders of record as of March 29, 2024; (ii) a quarterly dividend of $0.421875 per share on the Company’s 6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, payable on April 30, 2024 to Series A preferred stockholders of record as of March 29, 2024; (iii) a quarterly dividend of $0.390625 per share on the Company’s 6.250% Series B Fixed-Rate Reset Cumulative Redeemable Preferred Stock, payable on April 30, 2024 to Series B preferred stockholders of record as of March 29, 2024; (iv) a quarterly dividend of $0.5390625 per share on the Company’s 8.625% Series C Fixed-Rate Reset Cumulative Redeemable Preferred Stock, payable on April 30, 2024 to Series C preferred stockholders of record as of March 29, 2024; (v) a quarterly dividend of $0.4375 per share on the Company’s 7.00% Series D Cumulative Perpetual Redeemable Preferred Stock, payable on April 1, 2024 to Series D preferred stockholders of record as of March 20, 2024; and (vi) a quarterly dividend of $0.515625 per share on the Company’s 8.250% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, payable on April 1, 2024 to Series E preferred stockholders of record as of March 20, 2024.
From an analyst’s perspective:
Ellington Financial Inc [NYSE: EFC] stock has seen the most recent analyst activity on December 06, 2023, when UBS initiated its Neutral rating and assigned the stock a price target of $13.50. Previously, B. Riley Securities started tracking the stock with Buy rating on October 19, 2023, and set its price target to $15. On May 15, 2023, upgrade upgraded it’s rating to Outperform but maintained its price target of $13.75 on the stock. Credit Suisse downgraded its rating to a Neutral but stick to its price target of $14 on January 09, 2023. Maxim Group reiterated its recommendation of a Buy and reduced its price target to $15.50 on October 20, 2022. Keefe Bruyette downgraded its rating to Mkt Perform for this stock on July 18, 2022, but kept the price target unchanged to $14.75. In a note dated June 08, 2021, UBS downgraded an Neutral rating on this stock and boosted its target price from $17.50 to $18.50.
Ellington Financial Inc experienced fluctuations in its stock price throughout the past year between $10.81 and $14.21. Ellington Financial Inc [NYSE: EFC] shares were valued at $11.51 at the most recent close of the market.
Analyzing the EFC fundamentals
Trailing Twelve Months sales for Ellington Financial Inc [NYSE:EFC] were 351.95M which represents -26.91% decline. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.34%, and Net Profit Margin reading is 0.32%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.06 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of8.79.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.40 points at the first support level, and at 11.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.57, and for the 2nd resistance point, it is at 11.63.
Ellington Financial Inc [EFC] reported earnings per share of $0.27 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.4/share, meaning a difference of -$0.13 and a surprise factor of -32.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.33 per share as compared to estimates of $0.43 per share, a difference of -$0.1 representing a surprise of -23.30%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 2.78, the price to book ratio is 0.82 and price to earnings (TTM) ratio is 12.95.
Transactions by insiders
Recent insider trading involved Mumford Lisa, Director, that happened on Dec 14 ’23 when 21180.0 shares were sold.
