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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. (EFC) reported an estimated book value per share of $13.66 as of February 29, 2024, including a monthly dividend of $0.15 per share. The dividend is payable on March 25, 2024, to holders of record on February 29, 2024.
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Ellington Financial Inc. (EFC) closes a $208 million securitization backed by proprietary reverse mortgage loans originated by Longbridge Financial. Morningstar DBRS rates the senior tranches AAA(sf). Company retains certain tranches and the option to call the securitization.
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Ellington Financial Inc. (EFC) declares dividends for common and preferred stockholders, including monthly and quarterly payments on various series of preferred stock.
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Ellington Financial Inc. (EFC) reports an estimated book value per share of $13.73 as of January 31, 2024.
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Ellington Financial Inc. (EFC) reported Q4 2023 financial results with net income of $12.5 million. Adjusted Distributable Earnings were $18.9 million. The company closed a merger with Arlington Asset Investment Corp. Recourse debt-to-equity ratio was 2.0:1. The company plans to reduce the monthly dividend from $0.15 to $0.13 per share.
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Ellington Financial Inc. (EFC) will release financial results for Q4 2023 on February 26, 2024, followed by a conference call on February 27, 2024. Investors can dial in or access the webcast for details.
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Ellington Financial Inc. (EFC) declares a monthly dividend of $0.15 per share of common stock, payable on March 25, 2024, to stockholders of record as of February 29, 2024.
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Ellington Financial Inc. (EFC) reported an estimated book value per share of common stock of $13.83 as of December 31, 2023.
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Ellington Financial Inc. (EFC) has announced the posting of information on the federal income tax treatment of distributions paid in 2023 on the Company's common and preferred stock. The details can be found on the Company's website.
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Ellington Financial Inc. (EFC) announced the federal income tax treatment of distributions paid in 2023 on Arlington Asset Investment Corp.'s preferred stock and the Form 8937 related to the merger of AAIC into a subsidiary of the Company. AAIC did not make any distributions to its common stock during the 2023 tax year.
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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%
REIT - Mortgage
Real Estate
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United States of America
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