Ellington Financial LLC (NYSE:EFC) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Sunday.

Several other equities analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Ellington Financial from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective on the stock in a report on Tuesday, April 18th. FBR & Co restated a “buy” rating and issued a $17.50 price objective on shares of Ellington Financial in a report on Monday, May 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Ellington Financial has an average rating of “Hold” and a consensus price target of $19.13.

Ellington Financial (EFC) traded up 0.87% on Friday, hitting $16.25. The company’s stock had a trading volume of 54,876 shares. The company has a market capitalization of $521.82 million, a P/E ratio of 23.86 and a beta of 0.44. Ellington Financial has a 1-year low of $15.30 and a 1-year high of $18.04. The company has a 50 day moving average price of $16.67 and a 200-day moving average price of $16.14.

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A number of institutional investors have recently made changes to their positions in EFC. Ranger Global Real Estate Advisors LLC acquired a new position in shares of Ellington Financial during the first quarter valued at $11,078,000. Global X Management Co. LLC raised 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 valued at $7,472,000 after buying an additional 63,790 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Ellington Financial by 23.3% in the fourth quarter. Renaissance Technologies LLC now owns 177,962 shares of the financial services provider’s stock valued at $2,762,000 after buying an additional 33,613 shares in the last quarter. Tahithromos L.L.C. raised its position in shares of Ellington Financial by 37.0% in the first quarter. Tahithromos L.L.C. now owns 121,245 shares of the financial services provider’s stock valued at $1,919,000 after buying an additional 32,752 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of Ellington Financial by 9.6% in the first quarter. Morgan Stanley now owns 329,948 shares of the financial services provider’s stock valued at $5,224,000 after buying an additional 29,027 shares in the last quarter. Institutional investors and hedge funds own 50.82% of the company’s stock.

About Ellington Financial

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