Revenue Update on Ellington Financial LLC(NYSE:EFC)

Ellington Financial LLC(NYSE:EFC) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 13, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $20.607M. Analysts estimated a revenue of $12.880M. The revenues were 59.99% above the estimates. Earnings per share were $0.05. The reported EPS was below estimates by -80.77%. Analysts had estimated an EPS of $0.26.

Ellington Financial LLC (EFC) made into the market gainers list on Wednesdays trading session with the shares advancing 0.49% or 0.08 points. Due to strong positive momentum, the stock ended at $16.34, which is also near the day’s high of $16.36. The stock began the session at $16.27 and the volume stood at 1,07,590 shares. The 52-week high of the shares is $18.2 and the 52 week low is $15.2964. The company has a current market capitalization of $528 M and it has 3,22,94,703 shares in outstanding.

Ellington Financial LLC is a specialty finance Company that acquires and manages mortgage-related and other financial assets. The Company’s focused assets include residential mortgage-backed securities (RMBS) backed by prime jumbo Alternative A-paper (Alt-A) manufactured housing and subprime residential mortgage loans collectively referred to as non-Agency RMBS; RMBS for which the principal and interest payments are guaranteed by a United States government agency or a United States government-sponsored entity (Agency RMBS); residential mortgage loans; mortgage servicing rights (MSRs); mortgage-related derivatives; commercial mortgage-backed securities (CMBS) commercial mortgage loans and other commercial real estate debt; collateralized loan obligations (CLOs); consumer loans and asset-backed securities (ABS) backed by consumer and commercial assets and corporate debt and equity securities and derivatives.

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