Trade Report: The Ellington Financial LLC (EFC) To Go Ex-Dividend on November 29th

The Ellington Financial LLC (EFC) To Go Ex-Dividend on November 29th

Ellington Financial LLC (NYSE:EFC) announced a quarterly dividend on Tuesday, November 1st. Investors of record on Thursday, December 1st will be given a dividend of 0.45 per share on Thursday, December 15th. This represents a $1.80 annualized dividend and a yield of 10.81%. The ex-dividend date of this dividend is Tuesday, November 29th.

Shares of Ellington Financial (NYSE:EFC) opened at 16.65 on Monday. The company’s market capitalization is $541.57 million. Ellington Financial has a 52-week low of $14.18 and a 52-week high of $18.20. The company has a 50-day moving average of $16.01 and a 200 day moving average of $16.96.

Ellington Financial (NYSE:EFC) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.23. During the same quarter in the previous year, the business posted $0.12 EPS. Analysts predict that Ellington Financial will post ($0.15) earnings per share for the current year.

Several equities analysts have issued reports on EFC shares. Maxim Group decreased their price target on shares of Ellington Financial from $20.50 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, October 11th. Credit Suisse Group AG restated a “buy” rating and issued a $20.00 price target on shares of Ellington Financial in a research report on Sunday, September 11th. Finally, Zacks Investment Research upgraded shares of Ellington Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, November 8th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Ellington Financial currently has a consensus rating of “Buy” and a consensus target price of $20.75.

A hedge fund recently raised its stake in Ellington Financial stock. Citigroup Inc. boosted its stake in Ellington Financial LLC (NYSE:EFC) by 6,184.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 131,981 shares of the company’s stock after buying an additional 129,881 shares during the period. Citigroup Inc. owned approximately 0.40% of Ellington Financial worth $2,261,000 at the end of the most recent reporting period.

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