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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. (NYSE: EFC) reported an estimated book value per share of $15.10 as of March 31, 2023. This estimate factors in the monthly dividend of $0.15 per share, which is payable on April 25, 2023 to holders of record on March 31, 2023, with an ex-dividend date of March 30, 2023. The estimated book value is subject to change pending the company's month-end and quarter-end valuation procedures, indicating potential volatility. Investors are cautioned that the estimated book value may not reflect the company's actual performance for the corresponding periods. The press release also underscores risks related to market fluctuations, interest rate changes, and regulatory factors.

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Ellington Financial has announced a monthly dividend of $0.15 per share, payable on May 25, 2023, to stockholders of record as of April 28, 2023. This decision reflects the company's ongoing commitment to delivering value to its shareholders while navigating various market conditions.

As a diversified financial asset investment firm, Ellington Financial engages in a variety of sectors, including residential and commercial mortgage loans and securities. The declaration of this dividend indicates the company's aim to maintain liquidity and shareholder confidence, despite potential market volatility.

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Ellington Financial Inc. (NYSE: EFC) announced an estimated book value per share of $15.12 as of February 28, 2023. This estimate factors in a $0.15 monthly dividend payable on March 27, 2023, with the record date set for February 28 and an ex-dividend date of February 27. The company cautioned that this estimated book value is subject to change based on its month-end valuation procedures, and may not reflect future performance. It also highlighted that actual results could differ due to various risks and uncertainties, including market conditions and regulatory changes.

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Ellington Financial Inc. (NYSE: EFC) has authorized a new repurchase program for up to $50 million of its common stock, building on its previous authority for 1.55 million shares established in 2018. The company has already repurchased nearly all of those shares. The new buyback program does not impose any obligation to acquire specific shares and has no definitive termination date, as repurchases will depend on market conditions and liquidity. The company intends to use available liquidity to fund these repurchases, which may occur through various methods.

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Ellington Financial Inc. (NYSE: EFC) has declared a monthly dividend of $0.15 per share, payable on April 25, 2023, for stockholders of record as of March 31, 2023. Additionally, the company will distribute quarterly dividends for its preferred stocks: $0.421875 for Series A, $0.390625 for Series B, and $0.50313 for Series C, all payable on May 1, 2023, with the same record date. These dividends reflect Ellington Financial's strategy in diversifying its investments across mortgage and consumer-related assets.

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Ellington Financial Inc. (NYSE: EFC) has announced an estimated book value per share of $15.00 as of January 31, 2023. This estimate factors in the monthly dividend of $0.15 per share, payable on February 27, 2023, to stockholders of record on January 31, 2023. The ex-dividend date is January 30, 2023.

The company cautions that the estimated book value is subject to change and may not reflect future financial performance. Additionally, forward-looking statements in the release include various risks and uncertainties that could lead to actual results differing significantly from projections.

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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%
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