Ellington Financial LLC (EFC) Sees Unusually-High Trading Volume
Ellington Financial LLC (NYSE:EFC) saw strong trading volume on Thursday . 98,646 shares changed hands 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 analysts have recently commented on the stock. Maxim Group lowered their price target on shares of Ellington Financial from $22.50 to $21.00 and set a “buy” rating on the stock in a report on Monday, April 18th. Zacks Investment Research upgraded shares of Ellington Financial from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. FBR & Co initiated coverage on shares of Ellington Financial in a research note on Thursday, April 21st. They issued an “outperform” rating and a $20.50 price objective for the company. Finally, Deutsche Bank AG lifted their price objective on shares of Ellington Financial from $22.00 to $22.50 and gave the company a “buy” rating in a research note 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’s stock. The company currently has a consensus rating of “Buy” and an average target price of $21.50.
The firm’s market capitalization is $565.26 million. The stock’s 50 day moving average is $17.17 and its 200-day moving average is $17.05.
Ellington Financial (NYSE:EFC) last posted its earnings results on Friday, May 6th. The company reported ($0.69) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by $1.17. During the same period in the prior year, the business posted $0.57 EPS. On average, equities research analysts forecast that Ellington Financial LLC will post $0.71 earnings per share for the current year.
An institutional investor recently raised its position in Ellington Financial stock. EJF Capital LLC boosted its stake in Ellington Financial LLC (NYSE:EFC) by 6.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,000 shares of the company’s stock after buying an additional 5,000 shares during the period. EJF Capital LLC owned 0.24% of Ellington Financial worth $1,342,000 as of its most recent SEC filing.
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