In a report released yesterday, Eric Hagen from KBW reiterated a Hold rating on Ellington Financial (NYSE: EFC), with a price target of $17.50. The company’s shares closed yesterday at $16.41, close to its 52-week high of $16.50.
According to TipRanks.com, Hagen is a 1-star analyst with an average return of 0.3% and a 75.0% success rate. Hagen covers the Financial sector, focusing on stocks such as Capstead Mortgage, Encore Capital, and Dynex Capital.
Ellington Financial has an analyst consensus of Moderate Buy, with a price target consensus of $18.50.
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Based on Ellington Financial’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $21.19 million. In comparison, last year the company had a net profit of $5.06 million.
Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EFC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
