Ellington Financial (NYSE:EFC) Buy Rating Reiterated Today By Maxim Group; The Target Given is $20.0

December 10, 2017 - By Richard Conner

 Ellington Financial (NYSE:EFC) Buy Rating Reiterated Today By Maxim Group; The Target Given is $20.0

Investors sentiment is 1.64 in Q2 2017. Its the same as in 2017Q1. It is flat, as 2 investors sold Ellington Financial LLC shares while 12 reduced holdings. only 11 funds opened positions while 12 raised stakes. 15.16 million shares or 2.53% less from 15.56 million shares in 2017Q1 were reported.

Optimum Advsrs has invested 0.07% in Ellington Financial LLC (NYSE:EFC). Deutsche Commercial Bank Ag has 262,700 shares for 0% of their portfolio. Hightower Lc has invested 0.01% in Ellington Financial LLC (NYSE:EFC). Susquehanna Intll Grp Limited Liability Partnership has 22,756 shares for 0% of their portfolio. Fmr Ltd Liability holds 0% or 1.52M shares. Nine Chapters Management Ltd Limited Liability Company holds 1.63% in Ellington Financial LLC (NYSE:EFC) or 10,600 shares. 183,210 are held by Reservoir Operations L P. Renaissance Techs Ltd has invested 0% in Ellington Financial LLC (NYSE:EFC). Moreover, Citadel Ltd Liability has 0% invested in Ellington Financial LLC (NYSE:EFC) for 17,059 shares. Mutual Of America Mgmt Lc has 418,209 shares for 0.12% of their portfolio. Raymond James & Associates holds 0% or 13,909 shares in its portfolio. Merriman Wealth Management Limited Liability Co has 1.73% invested in Ellington Financial LLC (NYSE:EFC). Tahithromos has 2.09% invested in Ellington Financial LLC (NYSE:EFC). Endowment Mgmt L P invested 0.07% of its portfolio in Ellington Financial LLC (NYSE:EFC). Financial Group Inc Inc owns 1.05M shares.

Ellington Financial (NYSE:EFC) Rating Reaffirmed

They currently have a $20.0 target price per share on Ellington Financial (NYSE:EFC). The target price by Maxim Group would suggest a potential upside of 33.87 % from the company’s last stock price. This has been revealed to investors in a report on Monday, 9 October.

Investors sentiment is 1.64 in Q2 2017. Its the same as in 2017Q1. It is flat, as 2 investors sold Ellington Financial LLC shares while 12 reduced holdings. only 11 funds opened positions while 12 raised stakes. 15.16 million shares or 2.53% less from 15.56 million shares in 2017Q1 were reported.

Optimum Advsrs has invested 0.07% in Ellington Financial LLC (NYSE:EFC). Deutsche Commercial Bank Ag has 262,700 shares for 0% of their portfolio. Hightower Lc has invested 0.01% in Ellington Financial LLC (NYSE:EFC). Susquehanna Intll Grp Limited Liability Partnership has 22,756 shares for 0% of their portfolio. Fmr Ltd Liability holds 0% or 1.52M shares. Nine Chapters Management Ltd Limited Liability Company holds 1.63% in Ellington Financial LLC (NYSE:EFC) or 10,600 shares. 183,210 are held by Reservoir Operations L P. Renaissance Techs Ltd has invested 0% in Ellington Financial LLC (NYSE:EFC). Moreover, Citadel Ltd Liability has 0% invested in Ellington Financial LLC (NYSE:EFC) for 17,059 shares. Mutual Of America Mgmt Lc has 418,209 shares for 0.12% of their portfolio. Raymond James & Associates holds 0% or 13,909 shares in its portfolio. Merriman Wealth Management Limited Liability Co has 1.73% invested in Ellington Financial LLC (NYSE:EFC). Tahithromos has 2.09% invested in Ellington Financial LLC (NYSE:EFC). Endowment Mgmt L P invested 0.07% of its portfolio in Ellington Financial LLC (NYSE:EFC). Financial Group Inc Inc owns 1.05M shares.

Ellington Financial LLC (NYSE:EFC) Ratings Coverage

Among 7 analysts covering Ellington Financial (NYSE:EFC), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Ellington Financial has $23.0 highest and $16.0 lowest target. $17.75’s average target is 18.81% above currents $14.94 stock price. Ellington Financial had 19 analyst reports since August 10, 2015 according to SRatingsIntel. The stock has “Buy” rating by Deutsche Bank on Monday, August 10. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, November 8 report. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Sunday, November 12 report. The company was maintained on Tuesday, July 11 by Maxim Group. The stock has “Buy” rating by Maxim Group on Monday, August 10. Maxim Group maintained Ellington Financial LLC (NYSE:EFC) rating on Tuesday, November 7. Maxim Group has “Buy” rating and $19.0 target. The firm earned “Buy” rating on Monday, November 9 by Deutsche Bank. Maxim Group maintained it with “Buy” rating and $2000 target in Friday, August 4 report. The company was maintained on Tuesday, October 11 by Maxim Group. The firm earned “Hold” rating on Tuesday, September 12 by Keefe Bruyette & Woods.

The stock increased 0.13% or $0.02 during the last trading session, reaching $14.94. About 110,027 shares traded or 26.57% up from the average. Ellington Financial LLC (NYSE:EFC) has declined 3.64% since December 10, 2016 and is downtrending. It has underperformed by 20.34% the S&P500.

Analysts await Ellington Financial LLC (NYSE:EFC) to report earnings on February, 12. They expect $0.27 EPS, 0.00 % or $0.00 from last year’s $0.27 per share. EFC’s profit will be $8.67 million for 13.83 P/E if the $0.27 EPS becomes a reality. After $0.24 actual EPS reported by Ellington Financial LLC for the previous quarter, Wall Street now forecasts 12.50 % EPS growth.

Ellington Financial LLC, through its subsidiary Ellington Financial Operating Partnership LLC, operates as a specialty finance firm in the United States. The company has market cap of $479.84 million. It primarily acquires and manages mortgage-related assets, including residential mortgage-backed securities backed by prime jumbo, Alt-A, manufactured housing, and subprime residential mortgage loans; RMBS for which the principal and interest payments are guaranteed by the U.S. government agency or the U.S. government-sponsored entity; residential mortgage loans; commercial mortgage-backed securities; commercial mortgage loans and other commercial real estate debt; mortgage servicing rights; and real property and mortgage-related derivatives. It has a 21.94 P/E ratio. The firm also invests in corporate debt and equity securities, including distressed debt, collateralized loan obligations, and non-mortgage-related derivatives; and other financial assets, including private debt and equity investments in mortgage-related entities.

More notable recent Ellington Financial LLC (NYSE:EFC) news were published by: Seekingalpha.com which released: “Ellington Financial’s (EFC) CEO Larry Penn on Q4 2016 Results – Earnings Call …” on February 14, 2017, also Businesswire.com with their article: “Ellington Financial LLC 2016 K-1 Tax Package Now Available” published on March 24, 2017, Reuters.com published: “BRIEF-Ellington Financial Estimated Book Value As Of Nov. 30 $18.74/Shr On …” on December 07, 2017. More interesting news about Ellington Financial LLC (NYSE:EFC) were released by: Businesswire.com and their article: “Ellington Financial LLC Announces Extension of Exchange Offer of 5.25% Senior …” published on November 01, 2017 as well as Seekingalpha.com‘s news article titled: “Ellington Financial’s (EFC) CEO Laurence Penn on Q3 2017 Results – Earnings …” with publication date: November 11, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.