BidaskClub Lowers Ellington Financial LLC (EFC) to Sell

Ellington Financial LLC (NYSE:EFC) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

A number of other equities analysts have also recently commented on the company. FBR & Co reiterated a “buy” rating and issued a $17.50 target price on shares of Ellington Financial in a report on Monday, May 8th. Zacks Investment Research cut Ellington Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 26th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. Ellington Financial presently has a consensus rating of “Hold” and a consensus price target of $19.13.

Shares of Ellington Financial (NYSE:EFC) opened at 16.02 on Thursday. The firm has a 50-day moving average price of $16.16 and a 200 day moving average price of $16.24. Ellington Financial has a 12 month low of $15.30 and a 12 month high of $18.04. The company has a market cap of $514.43 million, a P/E ratio of 23.52 and a beta of 0.44.

Ellington Financial (NYSE:EFC) last released its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.33 by $0.06. The firm had revenue of $22.66 million for the quarter, compared to analysts’ expectations of $21.82 million. Ellington Financial had a net margin of 26.67% and a return on equity of 5.48%. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.15 EPS. Equities analysts predict that Ellington Financial will post $1.35 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “BidaskClub Lowers Ellington Financial LLC (EFC) to Sell” was originally published by BNB Daily and is the property of of BNB Daily. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.baseball-news-blog.com/2017/08/19/bidaskclub-lowers-ellington-financial-llc-efc-to-sell.html.

Institutional investors have recently made changes to their positions in the company. Ranger Global Real Estate Advisors LLC bought a new position in shares of Ellington Financial during the first quarter worth approximately $11,078,000. FMR LLC boosted its position in shares of 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 period. Arrowstreet Capital Limited Partnership bought a new position in shares of Ellington Financial during the second quarter worth approximately $1,245,000. Global X Management Co. LLC boosted its position in shares of Ellington Financial by 15.6% in the first quarter. Global X Management Co. LLC now owns 471,999 shares of the financial services provider’s stock worth $7,472,000 after buying an additional 63,790 shares during the period. Finally, HighTower Advisors LLC bought a new position in shares of Ellington Financial during the second quarter worth approximately $1,003,000. Hedge funds and other institutional investors own 51.00% of the company’s stock.

About Ellington Financial

Receive News & Ratings for Ellington Financial LLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ellington Financial LLC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply