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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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Great Ajax Corp. announces second quarter results with interest income of $18.3 million and net loss of $(12.0) million. The company entered into a merger agreement with Ellington Financial Inc.
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Ellington Financial Inc. (NYSE: EFC) will release financial results for Q2 2023 on August 7, 2023, and host a conference call on August 8, 2023, to discuss the results.
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Ellington Financial Inc. discloses estimated book value per share of $14.70 as of June 30, 2023, and preliminary results of operations for the quarter ended June 30, 2023. Net income per share is estimated to be $0.04 for the quarter. Adjusted Distributable Earnings per share is estimated to be in the range of $0.35 to $0.39 for the quarter. The quarter-over-quarter decline in Adjusted Distributable Earnings was due primarily to a decline in Adjusted Distributable Earnings from the Company’s Longbridge segment.
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Ellington Financial Inc. (NYSE: EFC) and Arlington Asset Investment Corp. (NYSE: AAIC) have entered into a definitive merger agreement. Under the agreement, Ellington Financial will acquire Arlington, resulting in a pro forma equity capital base of over $1.5 billion. Each share of Arlington common stock will be converted into 0.3619 shares of Ellington Financial common stock, and Arlington stockholders will also receive $3 million in cash. The offer price represents a 73% premium to Arlington's share price on May 26, 2023, and a 15% discount to diluted tangible book value per share as of March 31, 2023. The transaction is expected to close in the fourth quarter of 2023.
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Ellington Financial Inc. has announced its acquisition of Arlington Asset Investment Corp., creating a combined company with a pro forma equity capital base of over $1.5 billion. The deal involves each share of Arlington common stock being converted into 0.3619 shares of Ellington Financial common stock, along with $3 million in cash. The offer price of $4.77 per Arlington share represents a 73% premium to Arlington's share price on May 26, 2023. The transaction is expected to close in Q4 2023, subject to approval by Arlington's stockholders.
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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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