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Ellington Financial Inc. - EFC STOCK NEWS

Welcome to our dedicated page for Ellington Financial news (Ticker: EFC), a resource for investors and traders seeking the latest updates and insights on Ellington Financial stock.

Ellington Financial Inc. (EFC) is a specialty finance company headquartered in Columbus, Ohio. With a focus on generating attractive, risk-adjusted returns for its shareholders, Ellington Financial Inc. operates through two main segments: the Investment Portfolio Segment and the Longbridge Segment.

The Investment Portfolio Segment is dedicated to investing in a diverse array of financial assets. These include residential and commercial mortgage loans, residential mortgage-backed securities (RMBS), non-mortgage- and mortgage-related derivatives, debt and equity investments in loan origination companies, and other strategic investments. This segment aims to leverage the company's expertise in asset management and financial markets to deliver consistent returns.

The Longbridge Segment focuses on the origination and servicing of reverse mortgage loans. The company acquires these loans both through its origination activities and through secondary market purchases, providing a significant stream of income and growth opportunities. This segment underscores Ellington Financial Inc.’s commitment to addressing the financial needs of an aging population by offering solutions that help senior homeowners convert part of the equity in their homes into cash.

Ellington Financial Inc. continues to build on its strong foundation by seeking out new partnerships and investing in innovative products. The company’s strategic approach and diversified portfolio help to mitigate risks and capitalize on market opportunities.

Recent achievements include enhanced portfolio performance and strategic acquisitions that have bolstered the company's market position. Financially, Ellington Financial Inc. remains robust, with a well-capitalized balance sheet and a disciplined investment strategy that aims to maximize shareholder value.

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Ellington Financial Inc. (NYSE: EFC) announced an estimated book value per share of $14.89 as of November 30, 2022. This figure includes the monthly dividend of $0.15 per share, scheduled for payment on December 27, 2022. The estimated book value is subject to change based on the Company’s month-end and quarter-end valuation procedures, and may not accurately predict future financial results. Investors are warned of potential fluctuations due to various risks, including interest rate changes and market conditions.

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Ellington Financial (NYSE: EFC) has declared a $0.15 monthly dividend on common shares, payable on January 25, 2023, to stockholders of record as of December 30, 2022. Additionally, a quarterly dividend of $0.421875 per share will be paid on its 6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, and $0.390625 per share on its 6.250% Series B Fixed-Rate Reset Cumulative Redeemable Preferred Stock, both payable on January 30, 2023.

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Ellington Financial Inc. (NYSE: EFC) announced an estimated book value per share of $14.86 as of October 31, 2022. This includes the monthly dividend of $0.15 per share, payable on November 25, 2022, to shareholders of record on October 31, 2022. The company cautioned that this estimate is subject to change, highlighting the potential for material differences based on market conditions and investment valuations. Forward-looking statements in the release emphasize various risks, including changes in interest rates, mortgage default rates, and regulatory factors.

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Ellington Financial reported a net loss of $(33.3) million or $(0.55) per share for Q3 2022, with Adjusted Distributable Earnings of $26.5 million, $0.44 per share. The company faced gross losses of $(11.3) million in its credit strategy and $(10.7) million in its agency strategy. Despite market challenges, total long credit portfolio increased by 3% to $2.742 billion. The acquisition of Longbridge Financial for $38.9 million was completed, reflecting a discount to its book value. The dividend yield stands at 13.6%, with cash and cash equivalents at $175.2 million.

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Ellington Financial Inc. (NYSE: EFC) has announced a monthly dividend of $0.15 per common share, set for payment on December 27, 2022. Shareholders of record as of November 30, 2022 will qualify for this dividend. The company invests in a variety of financial assets, including mortgage loans and securities, consumer loans, and collateralized loan obligations. This dividend distribution reflects the company's ongoing commitment to return value to its shareholders.

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Ellington Financial Inc. (NYSE: EFC) will announce its financial results for the quarter ending September 30, 2022, after market close on November 7, 2022. A conference call to discuss these results is scheduled for November 8, 2022, at 11:00 a.m. ET. Investors can access the call by dialing (800) 225-9448 or through a live webcast available on the company's website. A replay of the call will be available from November 8 to November 15, 2022. An investor presentation will also be posted on the company's site following the earnings release.

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Ellington Financial Inc. (NYSE: EFC) has announced an estimated book value per share of $15.22 as of September 30, 2022. This includes a monthly dividend of $0.15 per share, payable on October 25, 2022, to holders of record as of September 30, 2022. The company cautions that this estimated book value may change due to month-end and quarter-end valuation processes and does not guarantee future results. Forward-looking statements are made, indicating potential risks, such as changes in interest rates, mortgage default rates, and economic conditions.

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Ellington Financial Inc. (NYSE: EFC) has announced a monthly dividend of $0.15 per common share, set to be paid on November 25, 2022. Shareholders of record as of October 31, 2022 are eligible for this dividend. The company invests in various financial assets, including mortgage loans and securities, with management provided by Ellington Financial Management LLC. This announcement reflects the company's ongoing commitment to returning value to its shareholders.

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Ellington Financial Inc. (NYSE: EFC) reported an estimated book value per share of $15.99 as of August 31, 2022. This value includes the upcoming monthly dividend of $0.15 per share, which will be distributed on September 26, 2022. The ex-dividend date is August 30, 2022. It is important to note that the estimated book value may change due to valuation procedures and does not predict future results. The company warns that actual results could vary significantly due to various risks, including market conditions and interest rate changes.

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Ellington Financial Inc. (NYSE: EFC) has declared a monthly dividend of $0.15 per common share, payable on October 25, 2022, to stockholders of record as of September 30, 2022. Additionally, a quarterly dividend of $0.421875 per share on the Company’s 6.750% Series A Preferred Stock and $0.390625 for the 6.250% Series B Preferred Stock will be paid on October 31, 2022. Both are also to record holders from September 30, 2022.

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FAQ

What is the current stock price of Ellington Financial (EFC)?

The current stock price of Ellington Financial (EFC) is $12.13 as of December 20, 2024.

What is the market cap of Ellington Financial (EFC)?

The market cap of Ellington Financial (EFC) is approximately 1.1B.

What does Ellington Financial Inc. do?

Ellington Financial Inc. is a specialty finance company that invests in a variety of financial assets and services reverse mortgage loans.

What are the main segments of Ellington Financial Inc.?

The main segments are the Investment Portfolio Segment and the Longbridge Segment.

Where is Ellington Financial Inc. headquartered?

The company is headquartered in Columbus, Ohio, United States.

What is the primary investment objective of Ellington Financial Inc.?

The primary investment objective is to generate attractive, risk-adjusted total returns for its shareholders.

What assets does the Investment Portfolio Segment focus on?

It focuses on residential and commercial mortgage loans, RMBS, non-mortgage- and mortgage-related derivatives, and debt and equity in loan origination companies.

What does the Longbridge Segment specialize in?

The Longbridge Segment specializes in the origination and servicing of reverse mortgage loans.

How does Ellington Financial Inc. acquire reverse mortgage loans?

The company acquires reverse mortgage loans both through its origination activities and through secondary market purchases.

What recent achievements has Ellington Financial Inc. made?

Recent achievements include enhanced portfolio performance and strategic acquisitions that have bolstered the company's market position.

What is Ellington Financial Inc.'s financial condition?

Ellington Financial Inc. maintains a robust financial condition with a well-capitalized balance sheet and a disciplined investment strategy.

What is unique about Ellington Financial Inc.'s approach?

Ellington Financial Inc. employs a strategic approach with a diversified portfolio to mitigate risks and capitalize on market opportunities.

Ellington Financial Inc.

NYSE:EFC

EFC Rankings

EFC Stock Data

1.10B
87.41M
3.59%
56.19%
4.75%
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