Ellington Financial LLC (EFC) Sees Strong Trading Volume
Ellington Financial LLC (NYSE:EFC) saw unusually-strong trading volume on Thursday . Approximately 98,646 shares were traded during trading, an increase of 77% from the previous session’s volume of 55,628 shares.The stock last traded at $17.26 and had previously closed at $17.11.
Several equities research analysts recently commented on EFC shares. Maxim Group dropped their target price on Ellington Financial from $22.50 to $21.00 and set a “buy” rating on the stock in a report on Monday, April 18th. FBR & Co initiated coverage on Ellington Financial in a report on Thursday, April 21st. They set an “outperform” rating and a $20.50 price objective on the stock. Zacks Investment Research upgraded Ellington Financial from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. Finally, Deutsche Bank AG lifted their price objective on Ellington Financial from $22.00 to $22.50 and gave the stock a “buy” rating in a report on Monday, May 9th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Ellington Financial presently has a consensus rating of “Buy” and an average price target of $21.50.
The company has a 50-day moving average of $17.18 and a 200 day moving average of $17.05. The stock’s market capitalization is $566.91 million.
Ellington Financial (NYSE:EFC) last issued its earnings results on Friday, May 6th. The company reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates of $0.48 by $1.17. During the same quarter in the previous year, the firm posted $0.57 earnings per share. Equities research analysts expect that Ellington Financial LLC will post $0.71 earnings per share for the current year.
A hedge fund recently raised its stake in Ellington Financial stock. BBR Partners LLC raised its stake in Ellington Financial LLC (NYSE:EFC) by 32.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 725,551 shares of the company’s stock after buying an additional 179,675 shares during the period. Ellington Financial comprises approximately 1.9% of BBR Partners LLC’s portfolio, making the stock its 6th largest position. BBR Partners LLC owned 2.17% of Ellington Financial worth $12,175,000 at the end of the most recent reporting period.
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