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 (NYSE: EFC) announced its estimated book value per common share of $13.57 as of October 31, 2024. This estimate incorporates the previously announced monthly dividend of $0.13 per share, which was paid on November 25, 2024, to shareholders of record on October 31, 2024.
Ellington Financial (NYSE: EFC) has completed a $290 million securitization backed by non-qualified residential mortgage loans. The company contributed approximately 65% of the loans, while funds managed by Ellington Management Group provided the remainder. The debt tranches received top ratings from Fitch and KBRA, with senior-most tranches achieving AAAsf and AAA (sf) ratings. EFC retained certain tranches to comply with U.S. and EU credit risk retention rules and maintained the option to call the securitization after the optional redemption date.
Ellington Financial (NYSE: EFC) has announced its Board of Directors has declared a monthly dividend of $0.13 per share of common stock. The dividend will be payable on December 26, 2024, to stockholders of record as of November 29, 2024.
Ellington Financial (NYSE: EFC) reported Q3 2024 financial results with net income of $16.2 million ($0.19 per share). The investment portfolio generated $44.0 million ($0.51 per share), with $39.2 million from credit strategy and $4.8 million from Agency strategy. Adjusted Distributable Earnings were $34.5 million ($0.40 per share). Book value per share was $13.66, with $0.39 quarterly dividends. The company maintained a 13.1% dividend yield based on $11.95 stock price, with monthly dividends of $0.13 per share. The credit portfolio expanded 19% to $3.25 billion, while Agency RMBS portfolio decreased 14% to $394.6 million.
Ellington Financial (NYSE: EFC) has announced the redemption of all 957,133 outstanding shares of its Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. The redemption is scheduled for December 13, 2024, at $25.540558 per share, comprising the $25.00 liquidation preference plus $0.540558 in estimated accrued dividends. The Series E Preferred Stock will be suspended from NYSE trading before market open on the redemption date, and all shares will be redeemed through the Depository Trust Company (DTC).
Ellington Financial (NYSE: EFC) has announced its estimated book value per common share of $13.66 as of September 30, 2024. This estimate incorporates the previously announced monthly dividend of $0.13 per share, which will be paid on October 25, 2024, to shareholders of record as of September 30, 2024.
Ellington Financial (NYSE: EFC) announced it will release its third quarter 2024 financial results after market close on November 6, 2024. The company will host a conference call to discuss the results on November 7, 2024, at 11:00 a.m. Eastern Time. Investors can participate via telephone or webcast through the company's website. A replay of the call will be available until November 14, 2024, and an investor presentation will be posted on the company's website after market close on November 6.
Ellington Financial Inc. (NYSE: EFC) has announced that its Board of Directors has declared a monthly dividend of $0.13 per share of common stock. This dividend is payable on November 25, 2024 to stockholders of record as of October 31, 2024. The announcement demonstrates the company's commitment to providing regular returns to its shareholders, maintaining its dividend policy despite potential market fluctuations.
Ellington Financial Inc. (NYSE: EFC) has successfully completed a $288 million securitization backed by non-qualified residential mortgage (non-QM) loans. The company contributed approximately 83% of the loans in the securitization pool, with the remainder coming from funds managed by Ellington Management Group, L.L.C.
The debt tranches issued in the securitization were rated by S&P, with the senior-most tranches receiving AAA(sf) ratings. Ellington Financial retained certain tranches to comply with U.S. and EU credit risk retention rules, and also kept the option to call the securitization after the optional redemption date.
Ellington Financial Inc. (NYSE: EFC) has announced its estimated book value per share of common stock as of August 31, 2024. The company reported a figure of $13.69 per share, which includes the effect of the previously announced monthly dividend of $0.13 per share. This dividend is payable on September 25, 2024, to shareholders of record as of August 30, 2024, with the same ex-dividend date.
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