Ellington Financial (EFC) Stock Rating Upgraded by Zacks Investment Research
Ellington Financial (NYSE:EFC) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday.
According to Zacks, “Ellington Financial LLC is a finance company that engages in acquiring and managing mortgage-related assets, including residential mortgage backed securities, prime jumbo, Alternative A-paper and subprime residential mortgage loans. The Company’s targeted assets also include mortgage-related derivatives, corporate debt and equity securities and derivatives. Ellington Financial LLC is headquartered in Old Greenwich, USA. “
Other research analysts also recently issued reports about the company. B. Riley reaffirmed a “buy” rating and set a $16.00 price target (down from $17.50) on shares of Ellington Financial in a report on Wednesday, November 1st. Maxim Group reaffirmed a “buy” rating and set a $20.00 price target on shares of Ellington Financial in a report on Monday, October 9th. Deutsche Bank lowered their price target on 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 Ellington Financial in a report on Wednesday, December 6th. They set a “buy” rating and a $17.00 price target on the stock. Finally, ValuEngine raised Ellington Financial from a “hold” rating to a “buy” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $17.25.
A number of hedge funds have recently bought and sold shares of EFC. Cambridge Investment Research Advisors Inc. bought a new position in Ellington Financial in the second quarter valued at about $216,000. Russell Investments Group Ltd. bought a new position in Ellington Financial in the second quarter valued at about $219,000. Citadel Advisors LLC bought a new position in Ellington Financial in the second quarter valued at about $277,000. Goldman Sachs Group Inc. bought a new position in Ellington Financial in the second quarter valued at about $405,000. Finally, Virtu KCG Holdings LLC lifted its holdings in Ellington Financial by 254.7% in the second quarter. Virtu KCG Holdings LLC now owns 44,243 shares of the financial services provider’s stock valued at $717,000 after acquiring an additional 31,768 shares during the period. 45.70% of the stock is currently owned by institutional investors.
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Ellington Financial Company Profile
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