Ellington Financial LLC (EFC) Releases Earnings Results, Misses Expectations By $-0.23 EPS

Ellington Financial LLC (EFC) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $0.15 earnings per share for the quarter, missing the analyst consensus estimate by $-0.23. Analysts had a consensus of $0.38. Analysts expectations of $24.49 million. During the same quarter in the previous year, the company posted $0.39 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 .

Ellington Financial LLC closed down -0.03 points or -0.17% at $17.24 with 88,263 shares getting traded on Tusday. Post opening the session at $17.27, the shares hit an intraday low of $17.17 and an intraday high of $17.28 and the price fluctuated in this range throughout the day.Shares ended Tusday 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.

Ellington Financial LLC

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