Ellington Financial (NYSE:EFC – Get Free Report) had its price objective raised by equities researchers at UBS Group from $14.00 to $14.50 in a report released on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. UBS Group’s target price suggests a potential upside of 5.34% from the stock’s previous close.
Other analysts also recently issued reports about the stock. Zacks Research downgraded shares of Ellington Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Weiss Ratings restated a “hold (c)” rating on shares of Ellington Financial in a report on Tuesday, August 11th. BTIG Research downgraded shares of Ellington Financial from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 17th. Finally, Wall Street Zen upgraded shares of Ellington Financial from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Ellington Financial presently has a consensus rating of “Hold” and an average price target of $14.50.
View Our Latest Stock Analysis on EFC
Ellington Financial Trading Up 1.1%
Ellington Financial (NYSE:EFC – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The financial services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.14. Ellington Financial had a return on equity of 16.61% and a net margin of 52.43%.The business had revenue of $134.11 million during the quarter, compared to the consensus estimate of $114.59 million. Sell-side analysts anticipate that Ellington Financial will post 2.13 EPS for the current fiscal year.
Institutional Trading of Ellington Financial
A number of large investors have recently bought and sold shares of EFC. GAMMA Investing LLC increased its position in Ellington Financial by 18.3% during the second quarter. GAMMA Investing LLC now owns 5,071 shares of the financial services provider’s stock worth $69,000 after buying an additional 785 shares during the last quarter. Motiv8 Investments LLC lifted its position in shares of Ellington Financial by 7.9% in the fourth quarter. Motiv8 Investments LLC now owns 13,664 shares of the financial services provider’s stock valued at $186,000 after buying an additional 1,002 shares during the last quarter. MGO One Seven LLC lifted its position in shares of Ellington Financial by 5.9% in the fourth quarter. MGO One Seven LLC now owns 18,147 shares of the financial services provider’s stock valued at $246,000 after buying an additional 1,010 shares during the last quarter. Huntington National Bank boosted its stake in shares of Ellington Financial by 35.3% during the 4th quarter. Huntington National Bank now owns 4,136 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 1,078 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Ellington Financial by 4.4% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,568 shares of the financial services provider’s stock worth $361,000 after acquiring an additional 1,128 shares during the period. 55.62% of the stock is owned by institutional investors.
About Ellington Financial
Ellington Financial, Inc (NYSE: EFC) is a mortgage real estate investment trust (REIT) that focuses on generating attractive risk-adjusted returns through investments in residential and commercial mortgage-related assets. Established in 2013, the company is externally managed by Ellington Financial Management, L.P., a subsidiary of Ellington Management Group, an alternative asset management firm. EFC’s core strategy centers on actively acquiring and managing agency and non-agency residential mortgage-backed securities (MBS), mortgage servicing rights, residential whole loans, and other structured finance instruments, including asset-backed securities and commercial mortgage-backed securities (CMBS).
The company employs leverage and structured financing tools—such as repurchase agreements and secured credit facilities—to enhance portfolio yield while maintaining focus on risk mitigation.
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