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Ellington Financial LLC (EFC) [hlAlert]

Rating:
Buy EFC
down 16.24 %

Ellington Financial LLC (EFC) rated Buy by BofA/Merrill

Posted on: Monday,  Sep 10, 2012  8:25 AM ET by BofA/Merrill

BofA/Merrill rated Buy Ellington Financial LLC (NYSE: EFC) on 09/10/2012, when the stock price was $22.22. Since
then, Ellington Financial LLC has lost 16.25% as of 08/27/2015's recent price of $18.61.
If you would have followed this BofA/Merrill's recommendation on EFC, you would have lost 16.24% of your investment in 1081 days.

Ellington Financial LLC is a specialty finance company that specializes in acquiring and managing mortgage-related assets. The Company?s targeted assets included residential mortgage-backed securities (RMBS), backed by prime jumbo, Alternative A-paper (Alt-A), and subprime residential mortgage loans, (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); mortgage-related derivatives; commercial mortgage-backed securities (CMBS), commercial mortgage loans and other commercial real estate debt, and corporate debt and equity securities and derivatives. The Company?s manager is Ellington Financial Management LLC. As of December 31, 2010, the Company?s investment portfolio included Non-Agency RMBS and CMBS, Agency RMBS-Whole pool pass-through certificates, Agency RMBS-TBAs, Agency RMBS-TBAs Sold Short, Repurchase Agreements and U.S. Treasury Securities Sold Short.

BofA/Merrill
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/10/2012 8:25 AM Buy
None
22.22
as of 12/31/2012
1 Week up  0.17 %
1 Month up  0.80 %
3 Months down  -1.57 %
1 YTD up  1.08 %

(*) Stock Price at the time of the recommendation.
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