Ellington Financial (EFC) Receives a Buy from Maxim Group

Maxim Group analyst Michael Diana reiterated a Buy rating on Ellington Financial (EFC) today and set a price target of $19.50. The company’s shares opened today at $16.

Diana wrote:

“EFC reported 3Q18 EPS of $0.22, versus its $0.41 dividend, but 98% of the dividend was covered by adjusted net investment income (NII), which should make future coverage of the dividend more predictable.”

According to, Diana is a 4-star analyst with an average return of 4.4% and a 55.7% success rate. Diana covers the Financial sector, focusing on stocks such as Manhattan Bridge Capital Inc, Arlington Asset Investment, and Westamerica Bancorporation.

Ellington Financial has an analyst consensus of Moderate Buy, with a price target consensus of $19.50.

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Ellington Financial’s market cap is currently $481.4M and has a P/E ratio of 8.81. The company has a Price to Book ratio of 0.80.

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Ellington Financial LLC engages in the provision of investment services. It manages mortgage-backed assets, securities, loans and real estate debts. The company was founded on July 9, 2007 and is headquartered in Old Greenwich, CT.