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.
Ellington Financial Inc. (NYSE: EFC) reported strong financial results for Q4 2021, achieving net income of $34.3 million, or $0.61 per share, and core earnings of $24.9 million, equivalent to $0.44 per share. Total equity increased by 20% due to the issuance of 5.75 million common shares and 4.8 million preferred shares. The credit portfolio grew by 22%, reaching $2.1 billion. Despite a gross loss of $1.4 million from the Agency strategy, the company maintained a solid dividend yield of 10.5%. As of December 31, 2021, the debt-to-equity ratio was 2.7:1, reflecting prudent leverage practices.
Ellington Financial Inc. (NYSE: EFC) announced an estimated book value per share of
Ellington Financial has declared a monthly dividend of $0.15 per common share, payable on March 25, 2022. This dividend will be distributed to stockholders of record as of February 28, 2022. The announcement highlights the company’s commitment to returning value to its shareholders amidst various financial uncertainties, such as interest rate fluctuations and mortgage default rates.
Ellington Financial (NYSE: EFC) will release its financial results for Q4 2021 on February 23, 2022, after market close. A conference call to discuss these results is scheduled for February 24, 2022, at 11:00 a.m. ET. Callers can dial (877) 876-9173 and reference code EFCQ421 for participation. A replay will be available from 2:00 p.m. on February 24 until March 3. An investor presentation will also be posted on its website after the earnings release.
Ellington Financial Inc. (NYSE: EFC) has announced the publication of federal income tax treatment information for distributions paid in 2021 on its common and preferred stock. This crucial information can be found on the company’s website via links for the common stock, Series A preferred stock, and Series B preferred stock. The company is actively engaged in a broad range of financial investments, including mortgage loans and asset-backed securities, and is externally managed by Ellington Financial Management LLC.
Ellington Financial Inc. (NYSE: EFC) announced the successful closure of a $417 million securitization backed by non-qualified residential mortgage (non-QM) loans, primarily acquired from LendSure Mortgage Corp. The securitization's senior tranche achieved AAA ratings from Fitch and KBRA. To comply with credit risk retention rules, the Company retained certain tranches and holds the option to call the securitization post-redemption date. This move reflects Ellington's strategy to enhance its investment portfolio in diverse financial assets.
Ellington Financial Inc. (NYSE: EFC) has announced an estimated book value per share of $18.39 as of December 31, 2021. This estimate reflects the adjustment due to the monthly dividend of $0.15 per common share, payable on January 25, 2022. Shareholders of record as of December 30, 2021, will receive this payment, with an ex-dividend date set for December 29, 2021. The company cautions that this book value estimate may change significantly following month-end and quarter-end valuations.
Ellington Financial Inc. (NYSE: EFC) has announced a strategic partnership with Sheridan Capital, LLC, involving an equity investment in the commercial real estate bridge loan originator. Sheridan Capital's Principal, Aaron Kurlansky, emphasized the partnership’s potential to enhance their unique loan offerings. CEO Laurence Penn highlighted over a decade of successful collaboration with Sheridan, which is known for its efficient financing solutions. In 2021, Sheridan originated over $575 million in senior commercial mortgage loans, showcasing its industry standing.
Ellington Financial Inc. (NYSE: EFC) has declared a monthly dividend of
Ellington Financial Inc. (NYSE: EFC) announced its estimated book value per share of
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