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.
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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
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