Ellington Financial Inc (NYSE: EFC): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

EFC belongs to the Real Estate sector of the NYSE while operating in the REIT – Mortgage industry. The current market capitalization of Ellington Financial Inc is $1.10B. A total of 0.63 million shares were traded on the day, compared to an average of 894.18K shares.

In the most recent transaction, Vranos Michael W sold 14,361 shares of EFC for 12.58 per share on Oct 15 ’24. After the transaction, the Co-Chief Investment Officer now owns 153,998 company shares. In a previous transaction on Oct 14 ’24, Vranos Michael W sold 14,000 shares at 12.48 per share. EFC shares that Co-Chief Investment Officer owns now total 168,359.

Among the insiders who sold shares, Vranos Michael W disposed of 5,900 shares on Jul 02 ’24 at a per-share price of $12.12. This resulted in the Co-Chief Investment Officer holding 179,655 shares of EFC after the transaction. In another insider transaction, Vranos Michael W sold 8,300 shares at $12.15 per share on Jun 17 ’24. Company shares held by the Co-Chief Investment Officer now total 160,874.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Ellington Financial Inc pays an annual dividend of $1.66, resulting in a dividend yield of 13.17%, and it has a price to earnings (P/E) ratio of 10.55. EFC’s most recent ex-dividend date was 10/31/2024 when it declared a $0.13 quarterly dividend that was paid in cash on 11/25/2024. Previously, the company paid the dividend on 10/25/2024 with an ex-dividend date of 9/30/2024. The EFC stock dividend was $0.13 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, EFC has a high of $13.46 and a low of $10.88.

As of this writing, EFC has an earnings estimate of $0.36 per share for the current quarter. EPS was calculated based on a consensus of 5.0 estimates, with a high estimate of $0.44 per share and a lower estimate of $0.33. The company reported an EPS of $0.33 in the last quarter

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. Its Book Value Per Share was $14.08, while its Total Shareholder’s Equity was $1.32B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EFC is Buy with a score of 4.57.

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