Ellington Financial LLC (EFC) was Initiated by FBR Capital to “Outperform” and the brokerage firm has set the Price Target at $20.50. FBR Capital advised their investors in a research report released on Apr 21, 2016.
Many Wall Street Analysts have commented on Ellington Financial LLC. Shares were Reiterated by Maxim Group on Apr 18, 2016 to “Buy” and Lowered the Price Target to $ 21 from a previous price target of $22.50 .Shares were Reiterated by Maxim Group on Feb 18, 2016 to “Buy” and Lowered the Price Target to $ 22.50 from a previous price target of $23 .
On the company’s financial health, Ellington Financial LLC reported $0.12 EPS for the quarter, missing the analyst consensus estimate by $ -0.45 based on the information available during the earnings call on Nov 5, 2015. Analyst had a consensus of $0.57.Analysts expectations of $ 25.66.During the same quarter in the previous year, the company posted $0.46 EPS.
Ellington Financial LLC closed down -0.1 points or -0.58% at $17.16 with 46,040 shares getting traded on Monday. Post opening the session at $17.13, the shares hit an intraday low of $17.11 and an intraday high of $17.27 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Ellington Financial LLC is a specialty finance Company that acquires and manages mortgage-related and other financial assets. The Company’s focused assets include residential mortgage-backed securities (RMBS) backed by prime jumbo Alternative A-paper (Alt-A) manufactured housing and subprime residential mortgage loans collectively referred to as non-Agency RMBS; RMBS for which the principal and interest payments are guaranteed by a United States government agency or a United States government-sponsored entity (Agency RMBS); residential mortgage loans; mortgage servicing rights (MSRs); mortgage-related derivatives; commercial mortgage-backed securities (CMBS) commercial mortgage loans and other commercial real estate debt; collateralized loan obligations (CLOs); consumer loans and asset-backed securities (ABS) backed by consumer and commercial assets and corporate debt and equity securities and derivatives.