Today, the CEO & President of Ellington Financial (NYSE: EFC), Laurence Penn, bought shares of EFC for $376.8K.
Following this transaction Laurence Penn’s holding in the company was increased by 5.13% to a total of $8.07 million.
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Based on Ellington Financial’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $40.09 million and quarterly net profit of $21.04 million. In comparison, last year the company earned revenue of $22.02 million and had a net profit of $15.28 million. EFC’s market cap is $481.7M and the company has a P/E ratio of 12.68. Currently, Ellington Financial has an average volume of 141.3K.
Seven different firms, including B.Riley FBR and Merrill Lynch, currently also have a Buy rating on the stock. Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $17.33, reflecting a -7.2% downside.
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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.
