Maxim Group Keeps Their Buy Rating on Ellington Financial (EFC)

By Carrie Williams

In a report issued on July 2, Michael Diana from Maxim Group maintained a Buy rating on Ellington Financial (EFCResearch Report), with a price target of $20. The company’s shares closed yesterday at $17.95, close to its 52-week high of $18.49.

According to TipRanks.com, Diana is a 5-star analyst with an average return of 6.4% and a 58.0% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Manhattan Bridge Capital Inc, and Arlington Asset Investment.

Ellington Financial has an analyst consensus of Moderate Buy, with a price target consensus of $19.

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Based on Ellington Financial’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $15.79 million. In comparison, last year the company had a net profit of $21.19 million.

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Ellington Financial, Inc. 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.