Traders are more bearish on shares of the company recently as evidenced by the rise in short interest. The stock saw a rise in short interest between October 13, 2017 and October 31, 2017 of 8.35%. Short shares grew 2,001 over that timeframe. With short interest at 25,962 and short average daily volume at 60,589, days to cover is 0.0 and the percentage of shorted shares was 0.00% on October 31.
Additionally, here are a few investment firms who have increased or decreased their stake in (EFC). As of quarter end Wells Fargo & Company/mn had sold a total of 17,196 shares trimming its position 98.9%. The value of the investment in Ellington Financial Llc went from $282,000 to $3,000 decreasing 98.9% since the last quarter. As of the end of the quarter Citigroup Inc had acquired 1,558 shares growing its holdings by 170.3%. The value in dollars increased from $15,000 to $39,000 a change of $24,000 for the reporting period.
As of quarter end Wellington Management Group Llp had disposed of 38,244 shares trimming its stake by 1.1%. The value of the company’s investment in Ellington Financial Llc went from $56,802,000 to $54,726,000 a change of 3.7% quarter to quarter. As of the end of the quarter Raymond James & Associates had sold 463 shares trimming its position 3.3%. The value of the investment in EFC decreased from $225,000 to $212,000 a change of 5.8% quarter over quarter.
Deutsche Bank AG lowered the price target on November 8 changing the forecast from $18.00 to $17.00 and issued a “Buy” rating.
On October 9 Maxim Group made no change to the stock rating of “Buy” projecting a price of $20.00.
The company is down by 0.20% since yesterday’s close of 15.27. The P/E ratio is currently 17.39 and the market cap of the company is 486.24M. In the last earnings report the EPS was $0.88 with 31.91M shares now outstanding.
Ellington Financial LLC, launched on July 9, 2007, is a specialty finance company that acquires and manages mortgage-related and other financial assets. The Business’s targeted assets include residential mortgage-backed securities (RMBS), backed by loans for which the principal and interest payments are not guaranteed by a United States Government agency or a United States Government-sponsored entity, 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); consumer loans and asset-backed securities (ABS) backed by consumer loans; commercial mortgage-backed securities (CMBS) commercial mortgage loans and other commercial real estate debt; residential mortgage loans; collateralized loan obligations (CLOs); corporate debt and equity, including distressed debt and equity, and mortgage-related 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..