Ellington Financial Inc [EFC] stock is trading at $11.28, up 1.35%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling.
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On 8, April 2024, Ellington Financial Declares Monthly Common Dividend. In a post published today on Yahoo Finance, Ellington Financial Inc. (NYSE: EFC) (the “Company”) today announced that its Board of Directors has declared a monthly dividend of $0.13 per share of common stock, payable on May 28, 2024 to stockholders of record as of April 30, 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 [EFC] stock has fluctuated between $10.89 and $14.21 over the past year. Currently, Wall Street analysts expect the stock to reach $14 within the next 12 months. Ellington Financial Inc [NYSE: EFC] shares were valued at $11.28 at the most recent close of the market. An investor can expect a potential return of 24.11% based on the average EFC price forecast.
Analyzing the EFC fundamentals
Ellington Financial Inc [NYSE:EFC] reported sales of 351.95M for the trailing twelve months, which represents a drop of -26.91%. 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 11.14 points at the first support level, and at 11.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.35, and for the 2nd resistance point, it is at 11.43.
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 2.73, the price to book ratio is 0.81 and price to earnings (TTM) ratio is 12.69.
Transactions by insiders
Recent insider trading involved Mumford Lisa, Director, that happened on Dec 14 ’23 when 21180.0 shares were sold.
