Sandler O’Neill Begins Coverage on Ellington Financial (EFC)

Research analysts at Sandler O’Neill assumed coverage on shares of Ellington Financial (NYSE:EFC) in a report released on Wednesday. The brokerage set a “buy” rating on the financial services provider’s stock.

Several other research firms have also recently commented on EFC. Zacks Investment Research cut Ellington Financial from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. BidaskClub raised Ellington Financial from a “sell” rating to a “hold” rating in a report on Friday, August 11th. ValuEngine raised Ellington Financial from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Maxim Group reaffirmed a “buy” rating and issued a $20.00 price target on shares of Ellington Financial in a report on Monday, October 9th. Finally, B. Riley cut Ellington Financial from a “buy” rating to a “neutral” rating and cut their price target for the company from $17.50 to $16.00 in a report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. Ellington Financial has a consensus rating of “Hold” and a consensus target price of $17.50.

Shares of Ellington Financial (NYSE:EFC) opened at $14.85 on Wednesday. Ellington Financial has a fifty-two week low of $14.76 and a fifty-two week high of $17.00. The company has a debt-to-equity ratio of 1.91, a current ratio of 3.90 and a quick ratio of 3.90. The company has a market capitalization of $472.85, a P/E ratio of 13.00 and a beta of 0.41.

A number of hedge funds have recently bought and sold shares of EFC. FMR LLC increased its stake in Ellington Financial by 24.0% during the second quarter. FMR LLC now owns 1,522,518 shares of the financial services provider’s stock worth $24,680,000 after acquiring an additional 294,734 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Ellington Financial during the second quarter worth $1,245,000. HighTower Advisors LLC acquired a new stake in Ellington Financial during the second quarter worth $1,003,000. Acadian Asset Management LLC increased its stake in Ellington Financial by 319.4% during the second quarter. Acadian Asset Management LLC now owns 78,507 shares of the financial services provider’s stock worth $1,272,000 after acquiring an additional 59,788 shares during the last quarter. Finally, Virtu KCG Holdings LLC boosted its position in shares of Ellington Financial by 254.7% during the second quarter. Virtu KCG Holdings LLC now owns 44,243 shares of the financial services provider’s stock worth $717,000 after buying an additional 31,768 shares during the period. 45.84% of the stock is owned by institutional investors.

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Ellington Financial Company Profile

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