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) announced the pricing of an underwritten public offering of 4,400,000 shares of 6.250% Series B Preferred Stock, amounting to gross proceeds of $110 million. An additional 660,000 shares may be available to underwriters for over-allotments. The offering intends to close on December 13, 2021, pending customary conditions, and the proceeds will primarily be used for acquiring targeted assets and general corporate purposes. The Series B Preferred Stock will be listed under the symbol 'EFC PR B' on the New York Stock Exchange.
Ellington Financial Inc. (NYSE: EFC) has initiated an underwritten public offering of Series B Fixed-Rate Reset Cumulative Redeemable Preferred Stock, which it plans to list on the New York Stock Exchange under the symbol 'EFC PR B.' The proceeds will be utilized to acquire targeted assets and for general corporate purposes. Piper Sandler & Co. is the sole bookrunning manager for the offering. This action follows the company's existing shelf registration statement effective since April 9, 2021. The offering will be conducted through a prospectus filed with the SEC.
Ellington Financial Inc. (NYSE: EFC) has declared a monthly dividend of $0.15 per common share, scheduled for payment on January 25, 2022. This dividend will be issued to stockholders of record as of December 30, 2021. Additionally, a quarterly dividend of $0.421875 will be paid on the 6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, also to record holders as of December 30, 2021, with a payment date of January 31, 2022.
Ellington Financial Inc. (NYSE: EFC) reported an estimated book value per share of
Ellington Financial Inc. (EFC) reported a net income of $20.6 million ($0.41 per share) for Q3 2021, with core earnings of $23.0 million ($0.46 per share). The company's book value per share stood at $18.35, and it declared a monthly dividend of $0.15. The total long credit portfolio grew by 24% to $1.688 billion. Significant unrealized losses were observed in its investment in Longbridge Financial, attributed to market conditions. The company successfully raised $100 million in October to support future growth.
Ellington Financial Inc. (NYSE: EFC) has declared a monthly dividend of
Ellington Financial (NYSE: EFC) will announce its financial results for the quarter ending September 30, 2021, on November 8, 2021, before market open. A conference call is scheduled for 11:00 a.m. ET the same day. Participation can be via telephone or through a live webcast on the company's website. A replay will be available shortly after the call, lasting until November 15, 2021. An investor presentation will also be posted online prior to the call, providing further insights into the company’s performance.
Ellington Financial Inc. (NYSE:EFC) announced a public offering of 5,000,000 shares, expected to raise
Ellington Financial Inc. (NYSE: EFC) reported an estimated book value per share of common stock between $18.31 and $18.37 as of September 30, 2021. This estimate factors in the previously announced monthly dividend of $0.15 per share, payable on October 25, 2021. The range is subject to change and not audited by PricewaterhouseCoopers LLP, with potential material adjustments before final financial statements are released. Forward-looking statements are included, emphasizing the risks around market fluctuations and regulatory changes.
Ellington Financial Inc. (NYSE: EFC) has initiated a public offering of 5,000,000 shares of common stock, with an option for underwriters to purchase an additional 750,000 shares over 30 days. Proceeds will primarily be used for asset acquisition, with additional funds allocated for working capital. This offering is conducted under the existing shelf registration statement, effective since April 9, 2021. The offering involves several major financial institutions acting as joint book-running managers.
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