Ellington Financial Inc (NYSE: EFC) is 2.12% higher on its value in year-to-date trading and has touched a low of $10.88 and a high of $13.46 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 $12.96 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $12.98, the stock is -1.29% and -0.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.77 million and changing 0.15% at the moment leaves the stock 5.69% off its SMA200. EFC registered 4.01% gain for a year compared to 6-month gain of 11.80%. The firm has a 50-day simple moving average (SMA 50) of $12.9842 and a 200-day simple moving average (SMA200) of $12.2814.
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The stock witnessed a -1.59% loss in the last 1 month and extending the period to 3 months gives it a 7.01%, and is -2.04% down 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 0.94% over the week and 1.16% over the month.
Ellington Financial Inc (EFC) has around 170 employees, a market worth around $1.13B and $402.13M in sales. Current P/E ratio is 10.87 and Fwd P/E is 7.99. Profit margin for the company is 24.46%. Distance from 52-week low is 19.30% and -3.57% from its 52-week high. The company has generated returns on investments over the last 12 months (0.91%).
Ellington Financial Inc quarterly earnings per share for the current quarter are estimated at 0.37 with sales reaching $42.56M over the same period.The EPS is expected to shrink by -3.34% this year, but quarterly earnings will post 51.10% year-over-year. Quarterly sales are estimated to grow 14.30% in year-over-year returns.
218.0 institutions hold shares in Ellington Financial Inc (EFC), with institutional investors hold 59.72% of the company’s shares. The shares outstanding are 86.93M, and float is at 84.08M with Short Float at 4.36%. Institutions hold 57.48% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 14.36 million shares valued at $173.48 million. The investor’s holdings represent 17.0014 of the EFC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 5.45 million shares valued at $65.8 million to account for 6.4481 of the shares outstanding. The other top investors are STATE STREET CORP which holds 3.02 million shares representing 3.5699 and valued at over $36.8 million, while RANGER GLOBAL REAL ESTATE ADVISORS, LLC holds 3.4469 of the shares totaling 2.91 million with a market value of $35.17 million.
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).
