Ellington Financial (EFC) Receives a Buy from Maxim Group

In a report released yesterday, Michael Diana from Maxim Group reiterated a Buy rating on Ellington Financial (EFCResearch Report), with a price target of $19.00. The company’s shares closed last Wednesday at $16.82.

According to TipRanks.com, Diana is a 5-star analyst with an average return of 14.6% and a 51.9% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Generation Income Properties, and Pennantpark Floating Rate.

Ellington Financial has an analyst consensus of Moderate Buy, with a price target consensus of $18.25.

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The company has a one-year high of $19.60 and a one-year low of $15.68. Currently, Ellington Financial has an average volume of 771K.

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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.

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