Ellington Financial LLC (NYSE:EFC) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Monday, July 31st.
A number of other equities research analysts have also recently issued reports on EFC. Zacks Investment Research upgraded Ellington Financial from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective for the company in a report on Tuesday, April 18th. FBR & Co restated a “buy” rating and set a $17.50 price objective on shares of Ellington Financial in a report on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Ellington Financial currently has an average rating of “Hold” and a consensus price target of $19.13.
Ellington Financial (EFC) remained flat at $16.25 during trading on Monday. The stock had a trading volume of 54,926 shares. The stock’s 50 day moving average is $16.20 and its 200-day moving average is $16.22. Ellington Financial has a 12-month low of $15.30 and a 12-month high of $18.04. The stock has a market capitalization of $521.82 million, a PE ratio of 23.69 and a beta of 0.44.
Ellington Financial (NYSE:EFC) last issued its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by $0.06. Ellington Financial had a return on equity of 5.48% and a net margin of 26.67%. The firm had revenue of $22.66 million for the quarter, compared to the consensus estimate of $21.82 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The company’s revenue was down 4.9% on a year-over-year basis. On average, equities research analysts forecast that Ellington Financial will post $1.33 EPS for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its stake in Ellington Financial by 0.4% in the first quarter. Wellington Management Group LLP now owns 4,532,923 shares of the financial services provider’s stock worth $71,756,000 after buying an additional 16,795 shares during the last quarter. FMR LLC increased its stake in Ellington Financial by 24.0% in the second quarter. FMR LLC now owns 1,522,518 shares of the financial services provider’s stock worth $24,680,000 after buying an additional 294,734 shares during the last quarter. Omega Advisors Inc. increased its stake in Ellington Financial by 1.3% in the first quarter. Omega Advisors Inc. now owns 1,266,595 shares of the financial services provider’s stock worth $20,050,000 after buying an additional 16,595 shares during the last quarter. BBR Partners LLC increased its stake in Ellington Financial by 0.9% in the first quarter. BBR Partners LLC now owns 887,707 shares of the financial services provider’s stock worth $14,052,000 after buying an additional 7,739 shares during the last quarter. Finally, Ranger Global Real Estate Advisors LLC acquired a new stake in Ellington Financial during the first quarter worth $11,078,000. Institutional investors own 51.12% of the company’s stock.
About Ellington Financial
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