Bbr Partners buys $15 Million stake in Ellington Financial LLC (EFC)

Ellington Financial LLC (EFC) : Bbr Partners scooped up 128,175 additional shares in Ellington Financial LLC during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 853,726 shares of Ellington Financial LLC which is valued at $15 Million.Ellington Financial LLC makes up approximately 2.56% of Bbr Partners’s portfolio.

Other Hedge Funds, Including , Bessemer Group Inc reduced its stake in EFC by selling 1,000 shares or 50.0% in the most recent quarter. The Hedge Fund company now holds 1,000 shares of EFC which is valued at $17,520.Penserra Capital Management reduced its stake in EFC by selling 38 shares or 10.44% in the most recent quarter. The Hedge Fund company now holds 326 shares of EFC which is valued at $5,712. Sonora Investment Management sold out all of its stake in EFC during the most recent quarter. The investment firm sold 60 shares of EFC which is valued $1,051. Ifp Advisors Inc added EFC to its portfolio by purchasing 1,000 company shares during the most recent quarter which is valued at $17,180.

Ellington Financial LLC opened for trading at $17.7 and hit $17.77 on the upside on Friday, eventually ending the session at $17.7, with a gain of 0.74% or 0.13 points. The heightened volatility saw the trading volume jump to 62,212 shares. Company has a market cap of $581 M.

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.

Investors should note that on May 2, 2016, Ellington Financial LLC announced a cash dividend of $0.5000. The company’s management has announced May 27, 2016 as the ex-dividend date and fixed the record date on Jun 1, 2016. The payable date has been fixed on Jun 15, 2016.

Many Wall Street Analysts have commented on Ellington Financial LLC. Company shares were Reiterated by Deutsche Bank on May 9, 2016 to “Buy”, Firm has raised the Price Target to $ 22.50 from a previous price target of $22 .FBR Capital Initiated Ellington Financial LLC on Apr 21, 2016 to “Outperform”, Price Target of the shares are set at $20.50.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 .

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.

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