The Ellington Financial Inc. (NYSE:EFC) is going down by -3.08% in today’s trading session, a fall equivalent to -0.58% of the stock’s price from yesterday’s market close. A news came out 15 hours ago stating that Ellington Financial Inc. Announces Pricing of Common Stock Offering by WSJ. The lowest point that the shares touched during the trading session was $18.75, while the peak of the day was recorded at a share price of $18.86. EFC finished the previous session at $18.81 according to the data provided by Barchart, while the trading volume was observed to be $3952308.
In the 100 days of trading, EFC managed to top a 17.96% Moving average. Additionally, Ellington Financial Inc. shares have achieved a 52-week range between 14.69 and 18.89 alongside 100 days raw stochastic set at 70.59%.
The number of shares outstanding, according to the fundamentals of the company, is set at 33.32M, equal to the value of $626.75M in market capitalization. In the last 30 days, Ellington Financial Inc. shares went down by -3.44%, adding 18.89 to growth in value, on top of a +0.83% boost since 10/18/19.
Ellington Financial Inc. (NYSE:EFC) Analyst’s Estimates
Ellington Financial Inc. (EFC) could record at least $0.45 per share in quarterly earnings in the upcoming report on 02/11/2020, a number that would actually represent an increase of 1.85 YOY.
According to the average analyst rating, Ellington Financial Inc. would be rated as Buy. Out of 5 different analysts monitoring EFC stock, 4 analysts rate the stock as a BUY, 1 suggest to give the rating of HOLD, 0 indicate that EFC is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On September 27, 2019, the stock earned a Initiated rating due to a new analyst call from Nomura, while analysts from Sandler O’Neill believe that the stock is set at Buy, as concluded on December 06, 2017. B. Riley FBR Inc., is still rather wary about the stock, deciding to keep the rating at Neutral as confirmed through a call on November 08, 2017.
Regardless of the rating, FBR & Co. did decrease their price from $18 to $17.50 as they are considering target share price analysis. Maxim Group, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on October 11, 2016, giving the stock a Buy rating.
EFC Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +83.84% has been attained, while the operating margin has been recorded at +32.56%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 1.34%. Beta value of the stock is recorded at 0.37. Additionally, Ellington Financial Inc. is recording price volatility of 1.13% for the period of the last seven days and 0.95% in the last 30 days.
Ellington Financial Inc. (NYSE:EFC) Technical Outlook
For the period of the last 50 days, Ellington Financial Inc. had its Raw Stochastic average set at 48.00% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 18.75%. Stochastic %K for Ellington Financial Inc., with the last 20 days included, was set at 64.58%, having Stochastic %D topping 68.61%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for Ellington Financial Inc. stocks with recording 22.70% in metrics.
Ellington Financial Inc. Insider Watch:
Similarly, 59.13% of the company’s float is held by institutions – and there are 56 institutions in total holding shares of this company. The top three institutional holders of EFC stocks are: Blackrock Inc. with ownership of $58.6 million, which is approximately 3243090 of the company’s shares; FMR, LLC, holding 1845435 shares of the stock with an approximate value of $33.35 million; and American Financial Group Inc., currently with more than 1507162 shares of the company valued at $27.23 million. Positions in Ellington Financial Inc. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 1 insider purchases amounting to 3610 shares.