Ellington Financial (EFC) Stock Rating Lowered by ValuEngine
Ellington Financial (NYSE:EFC) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Thursday.
EFC has been the topic of a number of other research reports. Keefe, Bruyette & Woods set a $17.00 target price on Ellington Financial and gave the company a “hold” rating in a research report on Monday, November 13th. Maxim Group reiterated a “buy” rating and set a $19.00 target price on shares of Ellington Financial in a research report on Tuesday, January 9th. B. Riley lowered Ellington Financial from a “buy” rating to a “neutral” rating and decreased their target price for the company from $17.50 to $16.00 in a research report on Wednesday, November 8th. Deutsche Bank decreased their target price on Ellington Financial from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, November 8th. Finally, Zacks Investment Research lowered Ellington Financial from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $17.25.
Shares of Ellington Financial (EFC) traded up $0.03 during trading hours on Thursday, hitting $14.23. The stock had a trading volume of 39,113 shares, compared to its average volume of 114,780. Ellington Financial has a 52-week low of $14.12 and a 52-week high of $17.00. The stock has a market cap of $454.02, a price-to-earnings ratio of 13.55 and a beta of 0.34. The company has a quick ratio of 3.90, a current ratio of 3.90 and a debt-to-equity ratio of 1.91.
Hedge funds have recently made changes to their positions in the business. Wasatch Advisors Inc. purchased a new position in Ellington Financial in the 4th quarter valued at $222,000. Edge Wealth Management LLC lifted its holdings in Ellington Financial by 640.0% in the 4th quarter. Edge Wealth Management LLC now owns 18,500 shares of the financial services provider’s stock valued at $267,000 after purchasing an additional 16,000 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in Ellington Financial in the 2nd quarter valued at $405,000. BB&T Securities LLC lifted its holdings in Ellington Financial by 21.4% in the 3rd quarter. BB&T Securities LLC now owns 57,249 shares of the financial services provider’s stock valued at $903,000 after purchasing an additional 10,107 shares in the last quarter. Finally, Tahithromos L.L.C. lifted its holdings in Ellington Financial by 15.2% in the 3rd quarter. Tahithromos L.L.C. now owns 140,189 shares of the financial services provider’s stock valued at $2,214,000 after purchasing an additional 18,544 shares in the last quarter. Institutional investors own 43.16% of the company’s stock.
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Ellington Financial Company Profile
Ellington Financial LLC is a specialty finance company that acquires and manages mortgage-related and other financial assets. The Company’s targeted assets include residential mortgage-backed securities (RMBS), backed by loans for which the principal and interest payments are not guaranteed by a United States Government agency or a United States Government-sponsored entity, collectively referred to as non-Agency RMBS; RMBS for which the principal and interest payments are guaranteed by the United States government agency or the United States government-sponsored entity (Agency RMBS); consumer loans and asset-backed securities (ABS) backed by consumer loans; commercial mortgage-backed securities (CMBS) commercial mortgage loans and other commercial real estate debt; residential mortgage loans; collateralized loan obligations (CLOs); corporate debt and equity, including distressed debt and equity, and mortgage-related derivatives.
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