5 Cheap Stocks Billionaire Leon Cooperman Is Buying

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In this article we take a look at 5 cheap stocks billionaire Leon Cooperman is buying. Read why what the billionaire is saying about the GameStop saga and more about his stock-picking strategies in our article 10 Cheap Stocks Billionaire Leon Cooperman is Buying.
5. Ellington Financial Inc (NYSE: EFC)
Forward P/E: 8.74

Ellington Financial acquires and manages mortgage-related and other financial assets. The company invests in residential and commercial mortgage-backed securities, residential and commercial mortgage loans, consumer loans and asset-backed securities. A total of 11 hedge funds tracked by Insider Monkey held stakes in Ellington Financial entering the fourth quarter. Omega Advisors owns 760,000 shares of the company, worth $9.32 million.

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