Ellington Financial (NYSE:EFC) Rating Lowered to “Sell” at Wall Street Zen

Ellington Financial (NYSE:EFC) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Ellington Financial in a research report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $14.56.

Ellington Financial Stock Performance

NYSE EFC opened at $12.04 on Friday. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 9.79 and a beta of 0.95. The business’s 50 day moving average is $13.15 and its two-hundred day moving average is $13.42. Ellington Financial has a 12-month low of $11.12 and a 12-month high of $14.12. The company has a current ratio of 47.25, a quick ratio of 47.25 and a debt-to-equity ratio of 11.02.

Ellington Financial (NYSE:EFC) last posted its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.44 by $0.03. Ellington Financial had a return on equity of 14.62% and a net margin of 53.10%.The business had revenue of $96.44 million during the quarter, compared to analysts’ expectations of $132.07 million. Research analysts expect that Ellington Financial will post 1.38 EPS for the current year.

Institutional Investors Weigh In On Ellington Financial

A number of large investors have recently bought and sold shares of EFC. Daytona Street Capital LLC acquired a new position in shares of Ellington Financial in the fourth quarter worth $34,000. Huntington National Bank lifted its position in shares of Ellington Financial by 134.4% in the second quarter. Huntington National Bank now owns 2,752 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 1,578 shares in the last quarter. REAP Financial Group LLC acquired a new stake in shares of Ellington Financial during the fourth quarter valued at $36,000. Danske Bank A S purchased a new stake in Ellington Financial during the 3rd quarter worth about $44,000. Finally, Steward Partners Investment Advisory LLC increased its position in Ellington Financial by 93.9% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,582 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 1,735 shares in the last quarter. Institutional investors and hedge funds own 55.62% of the company’s stock.

Ellington Financial Company Profile

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.