Ellington Financial LLC (NYSE:EFC) Q1 2018 Sentiment Report

June 17, 2018 - By Marguerite Chambers

Sentiment for Ellington Financial LLC (NYSE:EFC)

Ellington Financial LLC (NYSE:EFC) institutional sentiment decreased to 0.68 in Q1 2018. Its down -0.76, from 1.44 in 2017Q4. The ratio fall, as 13 investment professionals increased or opened new stock positions, while 19 decreased and sold positions in Ellington Financial LLC. The investment professionals in our partner’s database now hold: 12.89 million shares, down from 13.48 million shares in 2017Q4. Also, the number of investment professionals holding Ellington Financial LLC in their top 10 stock positions increased from 2 to 4 for an increase of 2. Sold All: 8 Reduced: 11 Increased: 9 New Position: 4.

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 $479.11 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 15.17 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.

The stock decreased 0.25% or $0.04 during the last trading session, reaching $15.78. About 30,167 shares traded. Ellington Financial LLC (NYSE:EFC) has declined 3.90% since June 17, 2017 and is downtrending. It has underperformed by 16.47% the S&P500.

Analysts await Ellington Financial LLC (NYSE:EFC) to report earnings on August, 2. They expect $0.34 earnings per share, up 25.93 % or $0.07 from last year’s $0.27 per share. EFC’s profit will be $10.32 million for 11.60 P/E if the $0.34 EPS becomes a reality. After $0.32 actual earnings per share reported by Ellington Financial LLC for the previous quarter, Wall Street now forecasts 6.25 % EPS growth.

Bbr Partners Llc holds 3.2% of its portfolio in Ellington Financial LLC for 1.21 million shares. Tahithromos L.L.C. owns 137,754 shares or 2.84% of their US portfolio. Moreover, American Financial Group Inc has 2.64% invested in the company for 1.88 million shares. The Illinois-based West Family Investments Inc. has invested 1.93% in the stock. Greenwich Investment Management Inc., a Connecticut-based fund reported 62,917 shares.

Ellington Financial LLC (NYSE:EFC) Ratings Coverage

Ratings analysis reveals 33% of Ellington Financial’s analysts are positive. Out of 3 Wall Street analysts rating Ellington Financial, 1 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $16.0 while the high is $19.5000. The stock’s average target of $17.33 is 9.82% above today’s ($15.78) share price. EFC was included in 6 notes of analysts from January 9, 2018. Maxim Group maintained the shares of EFC in report on Tuesday, January 9 with “Buy” rating. Maxim Group maintained Ellington Financial LLC (NYSE:EFC) on Tuesday, May 8 with “Buy” rating. The firm has “Hold” rating given on Thursday, February 15 by FBR Capital. Maxim Group maintained Ellington Financial LLC (NYSE:EFC) rating on Wednesday, February 14. Maxim Group has “Buy” rating and $19.0 target. The rating was maintained by Keefe Bruyette & Woods on Friday, February 16 with “Hold”. On Monday, April 9 the stock rating was maintained by Maxim Group with “Buy”.

More news for Ellington Financial LLC (NYSE:EFC) were recently published by: Businesswire.com, which released: “Ellington Financial LLC to Attend Upcoming Investor Conferences” on May 24, 2018. Nasdaq.com‘s article titled: “New Research: Key Drivers of Growth for Castle Brands, Ellington Financial, Gentherm, Comstock Resources, HNI, and …” and published on May 21, 2018 is yet another important article.

Ellington Financial LLC (NYSE:EFC) Institutional Positions Chart

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