BidaskClub lowered shares of Ellington Financial LLC (NYSE:EFC) from a hold rating to a sell rating in a research note published on Sunday.

Several other research firms have also commented on EFC. FBR & Co reiterated a buy rating and issued a $17.50 price objective on shares of Ellington Financial in a research report on Monday, May 8th. Zacks Investment Research lowered shares of Ellington Financial from a strong-buy rating to a hold rating in a research report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Ellington Financial currently has an average rating of Hold and a consensus target price of $19.13.

Ellington Financial (NYSE EFC) traded up 0.87% during trading on Friday, reaching $16.25. 54,876 shares of the company’s stock were exchanged. Ellington Financial has a 52 week low of $15.30 and a 52 week high of $18.04. The stock has a 50-day moving average price of $16.67 and a 200 day moving average price of $16.14. The firm has a market capitalization of $521.82 million, a price-to-earnings ratio of 23.86 and a beta of 0.44.

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A number of hedge funds and other institutional investors have recently made changes to their positions in EFC. Hancock Holding Co. bought a new position in Ellington Financial during the first quarter worth approximately $188,000. Wells Fargo & Company MN increased its position in Ellington Financial by 16.9% in the first quarter. Wells Fargo & Company MN now owns 21,534 shares of the financial services provider’s stock worth $341,000 after buying an additional 3,109 shares in the last quarter. Global Endowment Management LP increased its position in Ellington Financial by 56.9% in the first quarter. Global Endowment Management LP now owns 30,000 shares of the financial services provider’s stock worth $475,000 after buying an additional 10,885 shares in the last quarter. Edge Wealth Management LLC increased its position in Ellington Financial by 15.1% in the first quarter. Edge Wealth Management LLC now owns 32,000 shares of the financial services provider’s stock worth $506,000 after buying an additional 4,200 shares in the last quarter. Finally, BB&T Securities LLC increased its position in Ellington Financial by 0.9% in the first quarter. BB&T Securities LLC now owns 38,942 shares of the financial services provider’s stock worth $616,000 after buying an additional 339 shares in the last quarter. 50.82% of the stock is owned by hedge funds and other institutional investors.

Ellington Financial Company Profile

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