Ellington Financial LLC (EFC) : Merriman Wealth Management added new position in Ellington Financial LLC during the most recent quarter end. The investment management firm now holds 202,850 shares of Ellington Financial LLC which is valued at $3,418,023 , the company said in a statement filed on Jul 8, 2016 with the SEC.Ellington Financial LLC makes up approximately 0.95% of Merriman Wealth Management’s portfolio.
Other Hedge Funds, Including ,
Ellington Financial LLC opened for trading at $17.15 and hit $17.2 on the upside on Wednesday, eventually ending the session at $17.18, with a gain of 0.70% or 0.12 points. The heightened volatility saw the trading volume jump to 51,241 shares. Company has a market cap of $564 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.
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.