Ellington Financial LLC (NYSE:EFC) had its target price cut by Maxim Group from $20.50 to $20.00 in a research report released on Tuesday morning. They currently have a buy rating on the stock.
EFC has been the subject of several other research reports. Credit Suisse Group AG reiterated a buy rating and set a $20.00 target price on shares of Ellington Financial in a research report on Sunday, September 11th. Zacks Investment Research upgraded Ellington Financial from a sell rating to a hold rating in a research report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Ellington Financial currently has an average rating of Buy and an average price target of $20.75.
Shares of Ellington Financial (NYSE:EFC) opened at 16.01 on Tuesday. Ellington Financial has a 12 month low of $14.18 and a 12 month high of $18.74. The firm has a 50-day moving average price of $16.84 and a 200 day moving average price of $17.21. The company’s market cap is $522.68 million.
Ellington Financial (NYSE:EFC) last released its earnings results on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.29. During the same period in the previous year, the firm posted $0.39 earnings per share. Equities analysts predict that Ellington Financial will post $0.28 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its position in shares of Ellington Financial by 61.0% in the second quarter. Royal Bank of Canada now owns 8,333 shares of the company’s stock worth $143,000 after buying an additional 3,157 shares during the period. Mutual of America Capital Management LLC boosted its position in shares of Ellington Financial by 2.7% in the second quarter. Mutual of America Capital Management LLC now owns 400,711 shares of the company’s stock worth $6,864,000 after buying an additional 10,666 shares during the period. GSA Capital Partners LLP boosted its position in shares of Ellington Financial by 93.8% in the second quarter. GSA Capital Partners LLP now owns 25,000 shares of the company’s stock worth $428,000 after buying an additional 12,100 shares during the period. Optimum Investment Advisors boosted its position in shares of Ellington Financial by 64.2% in the second quarter. Optimum Investment Advisors now owns 39,730 shares of the company’s stock worth $681,000 after buying an additional 15,535 shares during the period. Finally, Acadian Asset Management LLC bought a new position in shares of Ellington Financial during the second quarter worth approximately $292,000.
Ellington Financial Company Profile