December 1, 2016 - By Nellie Frank · 0 Comments
The stock of Ellington Financial Llc (NYSE:EFC) registered an increase of 50.25% in short interest. EFC’s total short interest was 30,200 shares in December as published by FINRA. Its up 50.25% from 20,100 shares, reported previously. With 50,000 shares average volume, it will take short sellers 1 days to cover their EFC’s short positions. The short interest to Ellington Financial Llc’s float is 0.12%. About 49,697 shares traded hands. Ellington Financial LLC (NYSE:EFC) has declined 6.28% since April 28, 2016 and is downtrending. It has underperformed by 12.20% the S&P500.
Ellington Financial LLC is a specialty finance Company that acquires and manages mortgage-related and other financial assets. The company has a market cap of $512.67 million.
Insitutional Activity: The institutional sentiment increased to 1.07 in Q2 2016. Its up 0.30, from 0.77 in 2016Q1. The ratio improved, as 10 funds sold all Ellington Financial LLC shares owned while 12 reduced positions. 3 funds bought stakes while 14 increased positions. They now own 15.35 million shares or 1.15% more from 15.18 million shares in 2016Q1.
Mutual Of America Cap Limited Company last reported 400,711 shares in the company. Renaissance Limited Liability Corp accumulated 0% or 93,000 shares. State Treasurer State Of Michigan, a Michigan-based fund reported 1.54M shares. Edge Wealth Mngmt Ltd Com holds 18,000 shares or 0.13% of its portfolio. Fmr Llc has 1.23M shares for 0% of their US portfolio. Greenwich Invest Management Inc owns 549,787 shares or 10.04% of their US portfolio. The Virginia-based Ejf Capital Lc has invested 0.04% in Ellington Financial LLC (NYSE:EFC). Bb&T Limited Liability Company holds 0.01% or 40,264 shares in its portfolio. Royal Bankshares Of Canada accumulated 0% or 8,333 shares. Wellington Mgmt Gru Limited Liability Partnership accumulated 0.02% or 4.63M shares. Tower Cap Limited Liability Corporation (Trc) owns 1,413 shares or 0% of their US portfolio. Bancshares Of America De holds 0% or 227,027 shares in its portfolio. West Family Investments Inc last reported 442,344 shares in the company. Barclays Public Limited last reported 4,472 shares in the company. Pnc Financial Serv, a Pennsylvania-based fund reported 1,900 shares.
Out of 4 analysts covering Ellington Financial (NYSE:EFC), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Ellington Financial has been the topic of 8 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by FBR Capital given on Thursday, April 21. The firm has “Buy” rating by Maxim Group given on Monday, August 10. Maxim Group maintained Ellington Financial LLC (NYSE:EFC) rating on Thursday, February 18. Maxim Group has “Buy” rating and $22.50 price target. On Tuesday, October 11 the stock rating was maintained by Maxim Group with “Buy”. The firm has “Buy” rating given on Thursday, August 13 by Maxim Group. Deutsche Bank maintained Ellington Financial LLC (NYSE:EFC) rating on Monday, August 10. Deutsche Bank has “Buy” rating and $22.75 price target. The stock of Ellington Financial LLC (NYSE:EFC) has “Buy” rating given on Monday, November 9 by Deutsche Bank.
Ellington Financial LLC, incorporated on July 9, 2007, is a specialty finance Company that acquires and manages mortgage-related and other financial assets. The Firm is focused on assets, including residential mortgage-backed securities (RMBS) backed by prime jumbo, Alternative A-paper (Alt-A) manufactured housing and subprime residential mortgage loans, collectively referred to as non-Agency RMBS; RMBS, for which the principal and interest payments are guaranteed by the United States government agency or the United States government-sponsored entity (Agency RMBS); residential mortgage loans; mortgage servicing rights (MSRs); mortgage-related derivatives; commercial mortgage-backed securities (CMBS), commercial mortgage loans and other commercial real estate debt; collateralized loan obligations (CLOs); consumer loans and asset-backed securities (ABS) backed by consumer and commercial assets, and corporate debt and equity securities and derivatives. In addition, the Company acquires and manages other types of mortgage-related and financial assets, such as real property and non-mortgage-related derivatives. It has investments in the debt and/or equity of, other entities engaged in mortgage-related businesses, such as mortgage originators and other mortgage-related entities.
More notable recent Ellington Financial LLC (NYSE:EFC) news were published by: Prnewswire.com which released: “Ellington Financial LLC Reports Third Quarter 2016 Results” on November 03, 2016, also Prnewswire.com with their article: “Ellington Financial LLC Announces Third Quarter Dividend of $0.45 Per Share” published on October 31, 2016, Marketwatch.com published: “Virtual Stock Exchange” on April 18, 2011. More interesting news about Ellington Financial LLC (NYSE:EFC) were released by: Prnewswire.com and their article: “Ellington Financial LLC 2015 K-1 Tax Package Now Available” published on March 18, 2016 as well as Equitiesfocus.com‘s news article titled: “Ellington Financial LLC (NYSE:EFC) Fixes Dividend Payout At $0.45” with publication date: December 01, 2016.
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By Nellie Frank