B.Riley FBR Cuts Rating of Ellington Financial (NYSE:EFC) To “Hold”. The Target is Set to $16.0

February 12, 2018 - By Louis Casey

  B.Riley FBR Cuts Rating of Ellington Financial (NYSE:EFC) To

Investors sentiment decreased to 0.64 in 2017 Q3. Its down 1.00, from 1.64 in 2017Q2. It dived, as 10 investors sold Ellington Financial LLC shares while 15 reduced holdings. 4 funds opened positions while 12 raised stakes. 13.85 million shares or 8.66% less from 15.16 million shares in 2017Q2 were reported.

Group holds 1.05M shares or 1.71% of its portfolio. Optimum Advsr invested 0.07% of its portfolio in Ellington Financial LLC (NYSE:EFC). Omega Advsr Incorporated accumulated 60,000 shares. Mutual Of America Cap Mgmt Lc reported 0.11% in Ellington Financial LLC (NYSE:EFC). Northern Corporation accumulated 11,412 shares. 2,500 were accumulated by Edge Wealth Mngmt Ltd Com. Global X Mngmt Ltd Liability holds 0.23% of its portfolio in Ellington Financial LLC (NYSE:EFC) for 526,255 shares. Michigan-based State Treasurer State Of Michigan has invested 0.2% in Ellington Financial LLC (NYSE:EFC). West Family Invests Incorporated owns 442,344 shares or 0.84% of their US portfolio. Susquehanna Int Gru Llp has 18,735 shares for 0% of their portfolio. Wells Fargo And Communication Mn accumulated 16,970 shares. New York-based Two Sigma Securities Limited Co has invested 0.02% in Ellington Financial LLC (NYSE:EFC). Moreover, Arrowstreet Ltd Partnership has 0.01% invested in Ellington Financial LLC (NYSE:EFC). Tahithromos Limited Liability Corporation stated it has 140,189 shares. Hightower Advsrs Ltd Liability Corp owns 61,357 shares or 0.01% of their US portfolio.

Ellington Financial (NYSE:EFC) Receives a Downgrade

Just today Ellington Financial (NYSE:EFC) has been downgraded by professional analysts working for B.Riley FBR to a solid “Hold” rating. This was announced in a an analyst report revealed to investors and clients on 8 November. The firm from today has a $16.0 price target on shares. B.Riley FBR’s price target means a possible upside of 8.11 %.

Investors sentiment decreased to 0.64 in 2017 Q3. Its down 1.00, from 1.64 in 2017Q2. It dived, as 10 investors sold Ellington Financial LLC shares while 15 reduced holdings. 4 funds opened positions while 12 raised stakes. 13.85 million shares or 8.66% less from 15.16 million shares in 2017Q2 were reported.

Group holds 1.05M shares or 1.71% of its portfolio. Optimum Advsr invested 0.07% of its portfolio in Ellington Financial LLC (NYSE:EFC). Omega Advsr Incorporated accumulated 60,000 shares. Mutual Of America Cap Mgmt Lc reported 0.11% in Ellington Financial LLC (NYSE:EFC). Northern Corporation accumulated 11,412 shares. 2,500 were accumulated by Edge Wealth Mngmt Ltd Com. Global X Mngmt Ltd Liability holds 0.23% of its portfolio in Ellington Financial LLC (NYSE:EFC) for 526,255 shares. Michigan-based State Treasurer State Of Michigan has invested 0.2% in Ellington Financial LLC (NYSE:EFC). West Family Invests Incorporated owns 442,344 shares or 0.84% of their US portfolio. Susquehanna Int Gru Llp has 18,735 shares for 0% of their portfolio. Wells Fargo And Communication Mn accumulated 16,970 shares. New York-based Two Sigma Securities Limited Co has invested 0.02% in Ellington Financial LLC (NYSE:EFC). Moreover, Arrowstreet Ltd Partnership has 0.01% invested in Ellington Financial LLC (NYSE:EFC). Tahithromos Limited Liability Corporation stated it has 140,189 shares. Hightower Advsrs Ltd Liability Corp owns 61,357 shares or 0.01% of their US portfolio.

Ellington Financial LLC (NYSE:EFC) Ratings Coverage

Among 7 analysts covering Ellington Financial (NYSE:EFC), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Ellington Financial has $23.0 highest and $16.0 lowest target. $17.75’s average target is 19.93% above currents $14.8 stock price. Ellington Financial had 20 analyst reports since August 10, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, August 10 by Maxim Group. The rating was maintained by Keefe Bruyette & Woods on Sunday, November 12 with “Hold”. As per Tuesday, January 9, the company rating was maintained by Maxim Group. Keefe Bruyette & Woods maintained it with “Hold” rating and $18.25 target in Tuesday, September 12 report. Maxim Group maintained Ellington Financial LLC (NYSE:EFC) rating on Friday, August 4. Maxim Group has “Buy” rating and $2000 target. The rating was maintained by FBR Capital on Friday, February 24 with “Outperform”. The rating was initiated by Sandler O’Neill with “Buy” on Wednesday, December 6. The firm has “Buy” rating given on Tuesday, July 11 by Maxim Group. On Thursday, April 21 the stock rating was initiated by FBR Capital with “Outperform”. The stock of Ellington Financial LLC (NYSE:EFC) has “Hold” rating given on Wednesday, November 8 by FBR Capital.

The stock increased 0.14% or $0.02 during the last trading session, reaching $14.8. About 25,834 shares traded. Ellington Financial LLC (NYSE:EFC) has declined 3.64% since February 12, 2017 and is downtrending. It has underperformed by 20.34% the S&P500.

Ellington Financial LLC, through its subsidiary Ellington Financial Operating Partnership LLC, operates as a specialty finance firm in the United States. The company has market cap of $475.34 million. It primarily acquires and manages mortgage-related assets, including residential mortgage-backed securities backed by prime jumbo, Alt-A, manufactured housing, and subprime residential mortgage loans; RMBS for which the principal and interest payments are guaranteed by the U.S. government agency or the U.S. government-sponsored entity; residential mortgage loans; commercial mortgage-backed securities; commercial mortgage loans and other commercial real estate debt; mortgage servicing rights; and real property and mortgage-related derivatives. It has a 17.21 P/E ratio. The firm also invests in corporate debt and equity securities, including distressed debt, collateralized loan obligations, and non-mortgage-related derivatives; and other financial assets, including private debt and equity investments in mortgage-related entities.

More notable recent Ellington Financial LLC (NYSE:EFC) news were published by: Seekingalpha.com which released: “Ellington Financial’s (EFC) CEO Laurence Penn on Q2 2017 Results – Earnings …” on August 04, 2017, also Businesswire.com with their article: “Ellington Financial LLC Reports Estimated Book Value Per Share as of January …” published on February 08, 2018, Businesswire.com published: “Ellington Financial LLC Announces Fourth Quarter Dividend of $0.41 Per Share” on February 07, 2018. More interesting news about Ellington Financial LLC (NYSE:EFC) were released by: Businesswire.com and their article: “Ellington Financial LLC Announces Expected Retirement of Chief Financial …” published on December 14, 2017 as well as Businesswire.com‘s news article titled: “Ellington Financial LLC 2016 K-1 Tax Package Now Available” with publication date: March 24, 2017.

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