MLV & Co Initiates Ellington Financial At Hold

Analysts at MLV & Co initiated coverage on Ellington Financial LLC (NYSE: EFC) with a Hold rating.

The target price for Ellington Financial is set to $21.

Ellington Financial shares have dropped 8.99% over the past 52 weeks, while the S&P 500 index has gained 13.04% in the same period.

Ellington Financial's shares fell 0.57% to close at $20.75 yesterday.