Ellington Financial LLC (NYSE:EFC)‘s stock had its “buy” rating reiterated by analysts at Maxim Group in a report released on Monday. They presently have a $20.00 target price on the financial services provider’s stock. Maxim Group’s price objective would suggest a potential upside of 27.96% from the stock’s current price.
Several other equities research analysts also recently issued reports on the company. BidaskClub downgraded Ellington Financial from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. ValuEngine upgraded Ellington Financial from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Zacks Investment Research downgraded Ellington Financial from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $18.75.
Shares of Ellington Financial (NYSE EFC) opened at 15.63 on Monday. Ellington Financial has a 12 month low of $15.30 and a 12 month high of $17.00. The firm has a market capitalization of $501.91 million, a price-to-earnings ratio of 22.95 and a beta of 0.43. The firm’s 50-day moving average price is $15.74 and its 200-day moving average price is $16.19.
Ellington Financial (NYSE:EFC) last announced its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.06). Ellington Financial had a return on equity of 5.48% and a net margin of 26.67%. The business had revenue of $22.66 million during the quarter, compared to the consensus estimate of $21.82 million. During the same quarter last year, the company earned $0.15 earnings per share. The firm’s revenue was down 4.9% compared to the same quarter last year. On average, equities analysts anticipate that Ellington Financial will post $1.29 earnings per share for the current year.
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Several institutional investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership bought a new stake in shares of Ellington Financial in the second quarter worth about $1,245,000. Goldman Sachs Group Inc. bought a new stake in shares of Ellington Financial in the second quarter worth about $405,000. HighTower Advisors LLC bought a new stake in shares of Ellington Financial in the second quarter worth about $1,003,000. Tahithromos L.L.C. increased its holdings in shares of Ellington Financial by 0.3% in the second quarter. Tahithromos L.L.C. now owns 121,645 shares of the financial services provider’s stock worth $1,972,000 after acquiring an additional 400 shares in the last quarter. Finally, Virtu KCG Holdings LLC increased its holdings in shares of Ellington Financial by 254.7% in the second quarter. Virtu KCG Holdings LLC now owns 44,243 shares of the financial services provider’s stock worth $717,000 after acquiring an additional 31,768 shares in the last quarter. Institutional investors own 50.54% of the company’s stock.
About Ellington Financial
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