Wall Street Sees a 19% Upside to Ellington Financial (EFC)

Core Viewpoint - Ellington Financial Inc. (NYSE:EFC) is identified as a high growth stock with a potential upside of 8% based on average price targets, and a Street high suggesting a 19% upside [1][2]. Financial Performance - For Q3, Ellington Financial reported a GAAP net income of $0.29 per share and adjusted distributable earnings of $0.53 per share [2]. - The company's overall portfolio expanded by 12% during the third quarter [2]. - As of September 30, cash and cash equivalents stood at $184.8 million [2]. Capital Management - The company priced $400 million in five-year senior unsecured notes, contributing to its strong financial position [2]. - CEO Laurence Penn indicated that the company is well-positioned for future growth due to conservative leverage and significant liquidity from recent note issuance [3]. Dividend Information - A monthly dividend of $0.13 per share was announced, to be distributed on December 31 to shareholders as of November 28 [3].