Ellington Financial LLC (EFC) was Reiterated by Maxim Group to “Buy” while Lowering the Price Target of the company shares to $ 21 from a previous price target of $22.50 . Maxim Group advised their investors in a research report released on Apr 18, 2016.
Many Wall Street Analysts have commented on Ellington Financial LLC. 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 opened for trading at $17.1513 and hit $17.41 on the upside on Friday, eventually ending the session at $17.26, with a gain of 0.35% or 0.06 points. The heightened volatility saw the trading volume jump to 26,031 shares. Company has a market cap of $570 M.
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.