Ellington Financial Inc (NYSE: EFC) is 1.26% higher on its value in year-to-date trading and has touched a low of $10.88 and a high of $14.21 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The EFC stock was last observed hovering at around $12.59 in the last trading session, with the day’s gains setting it 0.28%.
Currently trading at $12.87, the stock is 5.94% and 7.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.98 million and changing 2.22% at the moment leaves the stock 5.69% off its SMA200. EFC registered -6.40% loss for a year compared to 6-month loss of 2.47%.
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The stock witnessed a 7.97% gain in the last 1 month and extending the period to 3 months gives it a 15.63%, and is 5.93% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.47% over the week and 1.30% over the month.
Ellington Financial Inc (EFC) has around 170 employees, a market worth around $1.09B and $417.47M in sales. Current P/E ratio is 20.51 and Fwd P/E is 7.76. Profit margin for the company is 11.71%. Distance from 52-week low is 18.29% and -9.43% from its 52-week high. The company has generated returns on investments over the last 12 months (0.46%).
The EPS is expected to grow by 6.60% this year
The shares outstanding are 83.00M, and float is at 80.95M with Short Float at 6.96%.
Ellington Financial Inc (EFC) Insider Activity
The most recent transaction is an insider sale by Vranos Michael W, the company’s Co-Chief Investment Officer. SEC filings show that Vranos Michael W sold 5,900 shares of the company’s common stock on Jul 02 ’24 at a price of $12.12 per share for a total of $71508.0. Following the sale, the insider now owns 0.18 million shares.
Ellington Financial Inc disclosed in a document filed with the SEC on Jun 17 ’24 that Vranos Michael W (Co-Chief Investment Officer) sold a total of 8,300 shares of the company’s common stock. The trade occurred on Jun 17 ’24 and was made at $12.15 per share for $0.1 million. Following the transaction, the insider now directly holds 0.16 million shares of the EFC stock.
Still, SEC filings show that on Jun 14 ’24, Vranos Michael W (Co-Chief Investment Officer) disposed off 8,300 shares at an average price of $12.11 for $0.1 million. The insider now directly holds 169,174 shares of Ellington Financial Inc (EFC).
