Shares of Ellington Financial LLC (NYSE:EFC) have been given an average rating of “Hold” by the seven analysts that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $17.90.
EFC has been the subject of several research reports. Sandler O’Neill set a $19.00 price objective on shares of Ellington Financial and gave the company a “buy” rating in a research report on Wednesday, August 8th. Maxim Group initiated coverage on shares of Ellington Financial in a research report on Tuesday, July 10th. They set a “buy” rating and a $19.50 price objective for the company. Zacks Investment Research lowered shares of Ellington Financial from a “buy” rating to a “hold” rating in a research report on Friday, August 10th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $18.00 price objective on shares of Ellington Financial in a research report on Wednesday, August 8th.
Large investors have recently bought and sold shares of the company. Merriman Wealth Management LLC bought a new position in shares of Ellington Financial during the 2nd quarter valued at about $179,000. GSA Capital Partners LLP purchased a new stake in Ellington Financial during the first quarter valued at about $361,000. Renaissance Technologies LLC purchased a new stake in Ellington Financial during the second quarter valued at about $693,000. Finally, FMR LLC lifted its stake in Ellington Financial by 4.2% during the second quarter. FMR LLC now owns 1,779,384 shares of the financial services provider’s stock valued at $27,776,000 after buying an additional 71,500 shares in the last quarter. Institutional investors own 46.31% of the company’s stock.
Ellington Financial (NYSE:EFC) last announced its earnings results on Monday, August 6th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.25. The firm had revenue of $33.04 million during the quarter, compared to analyst estimates of $29.09 million. Ellington Financial had a net margin of 51.11% and a return on equity of 5.85%. On average, equities analysts expect that Ellington Financial will post 1.42 EPS for the current year.
About Ellington Financial
Ellington Financial LLC, through its subsidiary Ellington Financial Operating Partnership LLC, operates as a specialty finance company in the United States. The company acquires and manages mortgage-related assets, including residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, manufactured housing, and subprime residential mortgage loans; RMBS for which the principal and interest payments are guaranteed by the U.S.
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