Fmr LLC Maintains Stake in Ellington Financial LLC (EFC)

Fmr LLC continued to hold its position in shares of Ellington Financial LLC (NYSE:EFC) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,227,784 shares of the financial services provider’s stock at the end of the first quarter. Fmr LLC owned about 3.81% of Ellington Financial worth $19,436,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of EFC. Wellington Management Group LLP increased its position in shares of Ellington Financial by 0.4% in the first quarter. Wellington Management Group LLP now owns 4,532,923 shares of the financial services provider’s stock worth $71,756,000 after buying an additional 16,795 shares during the period. BB&T Securities LLC increased its position in shares of Ellington Financial by 0.9% in the first quarter. BB&T Securities LLC now owns 38,942 shares of the financial services provider’s stock worth $616,000 after buying an additional 339 shares during the period. Hancock Holding Co. acquired a new position in shares of Ellington Financial during the first quarter worth about $188,000. Wells Fargo & Company MN increased its position in shares of Ellington Financial by 16.9% in the first quarter. Wells Fargo & Company MN now owns 21,534 shares of the financial services provider’s stock worth $341,000 after buying an additional 3,109 shares during the period. Finally, Merriman Wealth Management LLC increased its position in shares of Ellington Financial by 1.2% in the first quarter. Merriman Wealth Management LLC now owns 442,450 shares of the financial services provider’s stock worth $7,004,000 after buying an additional 5,200 shares during the period. 50.81% of the stock is owned by institutional investors and hedge funds.

Ellington Financial LLC (NYSE:EFC) opened at 16.15 on Tuesday. The stock’s 50 day moving average price is $16.67 and its 200-day moving average price is $16.14. Ellington Financial LLC has a 52 week low of $15.30 and a 52 week high of $18.04. The stock has a market capitalization of $518.61 million, a P/E ratio of 23.72 and a beta of 0.44.

COPYRIGHT VIOLATION WARNING: “Fmr LLC Maintains Stake in Ellington Financial LLC (EFC)” was originally reported by Transcript Daily and is owned by of Transcript Daily. If you are accessing this article on another website, it was illegally stolen and republished in violation of U.S. and international copyright law. The legal version of this article can be viewed at https://transcriptdaily.com/2017/07/18/fmr-llc-maintains-stake-in-ellington-financial-llc-efc.html.

A number of brokerages have recently issued reports on EFC. FBR & Co reissued a “buy” rating and set a $17.50 target price on shares of Ellington Financial in a research note on Monday, May 8th. Zacks Investment Research downgraded Ellington Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Finally, BidaskClub downgraded Ellington Financial from a “hold” rating to a “sell” rating in a research note on Sunday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Ellington Financial currently has an average rating of “Hold” and an average price target of $19.13.

About Ellington Financial

Institutional Ownership by Quarter for Ellington Financial (NYSE:EFC)

Receive News & Ratings for Ellington Financial LLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ellington Financial LLC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply