Ellington Financial Inc. with ticker code (EFC) have now 8 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 20 and 16 calculating the mean target price we have 18.34. Now with the previous closing price of 15.29 this indicates there is a potential upside of 19.9%. The 50 day MA is 16.49 and the 200 day MA is 17.51. The market capitalisation for the company is $928m. Visit the company website at: https://www.ellingtonfinancial.com
The potential market cap would be $1,113m based on the market concensus.
Ellington Financial Inc., through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. The company acquires and manages residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, manufactured housing, and subprime residential mortgage loans; RMBS for which the principal and interest payments are guaranteed by the U.S. government agency or the U.S. government-sponsored entity; residential mortgage loans; commercial mortgage-backed securities; and commercial mortgage loans and other commercial real estate debt. It also provides collateralized loan obligations; mortgage-related and non-mortgage-related derivatives; corporate debt and equity securities; corporate loans; and other strategic investments. In addition, the company offers consumer loans and asset-backed securities backed by consumer and commercial assets. Ellington Financial LLC was incorporated in 2007 and is based in Old Greenwich, Connecticut.
