Ellington Financial LLC (EFC) is Reiterated by Maxim Group to Buy, Lowers Price Target to $ 20

Ellington Financial LLC (EFC) was Reiterated by Maxim Group to “Buy” while Lowering the Price Target of the company shares to $ 20 from a previous price target of $20.50 . Maxim Group advised their investors in a research report released on Oct 11, 2016.

On the company’s financial health, Ellington Financial LLC reported $0.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.23 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.38.Analysts expectations of $ 24.49.During the same quarter in the previous year, the company posted $0.39 EPS.

Ellington Financial LLC closed down -0.05 points or -0.32% at $15.8 with 1,86,074 shares getting traded on Friday. Post opening the session at $15.9, the shares hit an intraday low of $15.78 and an intraday high of $16.14 and the price fluctuated in this range throughout the day.Shares ended Friday 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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