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) has successfully closed a $258 million securitization backed by non-qualified residential mortgage loans. The majority of these loans were acquired from LendSure Mortgage Corp., where EFC holds a strategic equity investment. The securitization received AAA ratings for the senior tranche from both Fitch and KBRA. EFC retained certain tranches to adhere to credit risk retention rules and has the option to call back the securitization post the optional redemption date.
Ellington Financial has announced a monthly dividend of $0.15 per common share, payable on November 26, 2021, to stockholders of record as of October 29, 2021. Additionally, a quarterly dividend of $0.421875 per share will be paid on the 6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock on November 1, 2021, for stockholders of record as of October 18, 2021. This announcement reflects the company's continued commitment to providing returns to its shareholders.
Ellington Financial Inc. (NYSE: EFC) reported an estimated book value per common share of $18.30 as of August 31, 2021. This estimate factors in a announced monthly dividend of $0.15 per share, payable on September 27, 2021, to holders of record on August 31, 2021. The company cautioned that this estimated book value may change following completion of month-end valuation procedures and may not reflect future results. Forward-looking statements in the release underscore various risks affecting future performance.
Ellington Financial Inc. (NYSE: EFC) has declared a monthly dividend of $0.15 per common share, payable on October 25, 2021, to stockholders of record as of September 30, 2021. This move highlights the company's commitment to returning value to its shareholders amidst a diverse investment portfolio that includes residential and commercial mortgage loans, mortgage-backed securities, and consumer loans.
Ellington Financial (EFC) reported an estimated book value per common share of $18.29 as of July 31, 2021. This figure includes a monthly dividend of $0.15 per share, payable on August 25, 2021. Investors should note that the estimated book value is subject to change based on month-end and quarter-end valuations. The release also includes cautionary statements regarding forward-looking projections, emphasizing that actual results could differ significantly due to various risks, including market conditions and interest rate fluctuations.
Ellington Financial reported its Q2 2021 results, showing a net income of $32.7 million ($0.75 per share) and core earnings of $22.3 million ($0.51 per share). The company raised its monthly dividend by 50% to $0.15 per share, reflecting strong performance, particularly in non-QM loan origination. The credit strategy generated gross income of $55.3 million, while the agency strategy incurred a loss of $1.2 million. As of June 30, 2021, book value was $18.47 per share, with cash and equivalents at $134.7 million. The company maintained a debt-to-equity ratio of 3.2:1.
Ellington Financial (EFC) declared a monthly dividend of $0.15 per share, payable on September 27, 2021 to stockholders of record as of August 31, 2021. This announcement reflects the company's ongoing commitment to providing returns to its shareholders. However, investors should be aware of potential risks outlined in the release, including market fluctuations and changes in government regulations that could impact future dividends.
Ellington Financial Inc. (NYSE: EFC) will disclose its financial results for the quarter ending June 30, 2021, after market closure on August 5, 2021. A conference call is scheduled for August 6, 2021, at 11:00 a.m. Eastern Time to discuss these results. Participants can dial in or access the live webcast via the Company's website. A replay of the call will be available post-event from August 6 to August 13, 2021. In addition, an investor presentation will be posted on their website after the results announcement.
Ellington Financial announced an estimated book value per common share of $18.47 as of June 30, 2021. This estimate accounts for a monthly dividend of $0.15 per common share, payable on July 26, 2021. The ex-dividend date is June 29, 2021. The company cautioned that the estimated book value is subject to change and may not reflect actual results for future periods. Factors affecting future results include interest rate changes, market value fluctuations, and economic conditions related to the COVID-19 pandemic.
Ellington Financial has announced a monthly dividend of $0.15 per common share, payable on August 25, 2021, to stockholders recorded as of July 30, 2021. Additionally, a quarterly dividend of $0.421875 is declared on its 6.750% Series A Fixed-to-Floating Rate Preferred Stock, payable on July 30, 2021 to preferred stockholders of record as of July 19, 2021. The company cautions that forward-looking statements regarding dividends and financial performance are subject to numerous risks and uncertainties.
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