Ellington Financial Inc. found using ticker (EFC) now have 8 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 20 and 16 and has a mean target at 18.34. With the stocks previous close at 12.83 this indicates there is a potential upside of 42.9%. The day 50 moving average is 15.71 while the 200 day moving average is 17.27. The market capitalisation for the company is $803m. Visit the company website at: https://www.ellingtonfinancial.com
The potential market cap would be $1,148m 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.
