Ellington Financial LLC (NYSE:EFC) has been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $17.42.
EFC has been the topic of a number of research analyst reports. Deutsche Bank dropped their target price on shares of Ellington Financial from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Sandler O’Neill initiated coverage on shares of Ellington Financial in a report on Wednesday, December 6th. They issued a “buy” rating and a $17.00 target price on the stock. ValuEngine raised shares of Ellington Financial from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Maxim Group reaffirmed a “buy” rating and issued a $20.00 target price on shares of Ellington Financial in a report on Monday, October 9th. Finally, B. Riley reissued a “buy” rating and issued a $16.00 price target (down from $17.50) on shares of Ellington Financial in a report on Wednesday, November 1st.
Shares of Ellington Financial (EFC) opened at $14.53 on Thursday. The company has a quick ratio of 3.90, a current ratio of 3.90 and a debt-to-equity ratio of 1.91. The stock has a market cap of $463.59, a PE ratio of 16.70 and a beta of 0.41. Ellington Financial has a fifty-two week low of $14.46 and a fifty-two week high of $17.00.
A number of institutional investors have recently added to or reduced their stakes in the business. Tahithromos L.L.C. raised its holdings in Ellington Financial by 0.3% in the 2nd quarter. Tahithromos L.L.C. now owns 121,645 shares of the financial services provider’s stock valued at $1,972,000 after acquiring an additional 400 shares during the period. Mutual of America Capital Management LLC raised its holdings in Ellington Financial by 0.7% in the 2nd quarter. Mutual of America Capital Management LLC now owns 418,209 shares of the financial services provider’s stock valued at $6,779,000 after acquiring an additional 2,993 shares during the period. BB&T Securities LLC raised its holdings in Ellington Financial by 21.1% in the 2nd quarter. BB&T Securities LLC now owns 47,142 shares of the financial services provider’s stock valued at $764,000 after acquiring an additional 8,200 shares during the period. Cambridge Investment Research Advisors Inc. bought a new position in Ellington Financial in the 2nd quarter valued at about $216,000. Finally, Russell Investments Group Ltd. bought a new position in Ellington Financial in the 2nd quarter valued at about $219,000. 45.70% of the stock is currently owned by hedge funds and other institutional investors.
WARNING: “Ellington Financial LLC (EFC) Given Average Rating of “Hold” by Brokerages” was published by Community Financial News and is the property of of Community Financial News. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international copyright and trademark law. The legal version of this report can be viewed at https://www.com-unik.info/2017/12/28/ellington-financial-llc-efc-given-average-rating-of-hold-by-brokerages.html.
About Ellington Financial
What are top analysts saying about Ellington Financial? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Ellington Financial and related companies.