Ellington Financial

Ellington Financial, Inc. operates as an investment trust. The firm engages in the provision of investment services. It manages mortgage-backed assets, securities, loans and real estate debts. The company was founded on July 9, 2007 and is headquartered in Old Greenwich, CT.

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Ellington Financial reports solid Q4 performance amidst market challenges

Ellington Financial (EFC) delivered a solid Q4 performance, driven by strong contributions from Longbridge Financial and the Agency strategy. Despite challenges from spiked short-term interest rates impacting borrowing costs, EFC remains well-positioned with a strong liquidity position and a growing credit portfolio. The company is strategically focusing on market opportunities and acquisitions to drive future growth and profitability.

Ellington Financial (EFC) reports solid Q1 performance amidst strategic portfolio adjustments

Ellington Financial (EFC) delivered a strong performance in Q1 2023, showcasing effective capital management and strategic portfolio adjustments. While facing challenges such as regional banking distress and liquidity risks, the company remains optimistic about future opportunities and potential dividend increases.

Ellington Financial (EFC) reports strong Q2 earnings and strategic acquisitions

Ellington Financial (EFC) delivered solid performance in Q2 2023, driven by its credit strategy segment and pending strategic acquisitions.
The company's focus on diversification, capital allocation flexibility, and entering new sectors like mortgage servicing rights bode well for future growth.
While facing challenges such as delinquencies and portfolio shifts, EFC is actively exploring opportunities in M&A, distressed assets, and longer-duration assets.
Overall, EFC's strategic moves and financial strength position it favorably to navigate challenges and capitalize on emerging opportunities in the market.

Ellington Financial reports solid Q3 earnings amidst market challenges

Ellington Financial's Q3 2023 showcased strong performance in credit portfolios, offsetting challenges in agency strategies. The company's interest rate hedging strength and ample dry powder position it well for future investments. Opportunities in distressed commercial mortgage loans and CMBS are being actively pursued. The merger with Arlington and potential FDIC portfolio bid signal strategic growth moves.

Ellington Financial reports Q4 resilience post-merger, eyes growth opportunities

Ellington Financial's Q4 performance showed resilience with a focus on recovery and growth post-merger, supported by a strong balance sheet and asset sales.
The company's strengths lie in its scale, balance sheet strength, and commitment to long-term value creation through strategic investments and dividend coverage.
Challenges include rebuilding earnings, managing leverage effectively, and navigating market uncertainties, while opportunities exist in growth, regulatory changes, and strategic investments.
Overall, Ellington Financial's strategic focus on growth, value creation, and financial stability positions it well for long-term success and shareholder value enhancement.

Ellington Financial (EFC) reports robust Q2 earnings and strategic growth outlook

Ellington Financial (EFC) demonstrated strong financial performance in Q2 2024, driven by diversified credit portfolios and strategic investments.
The company showcased resilience and adaptability in navigating market challenges while capitalizing on growth opportunities.
Maintaining a balanced approach to portfolio management and leveraging strengths in key areas position Ellington Financial for continued success.
Strategic focus on optimizing earnings, managing debt ratios, and exploring new avenues for growth will be key to sustained performance.

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Ellington Financial, Inc. engages in the provision of investment services. It operates through the Investment Portfolio and Longbridge segments. The Investment Portfolio segment is focused on investing in a diverse array of financial assets, which includes residential and commercial mortgage loans, reverse mortgage loans, residential mortgage-backed securities, commercial mortgage-backed securities, consumer loans & asset-backed securities backed, collateralized loan obligations, non-mortgage and mortgage-related derivatives, debt and equity investments in loan origination companies. The Longbridge segment consists of the origination and servicing of reverse mortgage loans. The company was founded on July 9, 2007 and is headquartered in Old Greenwich, CT.

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OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced that it has closed a $290 million securitization backed by a pool of non-qualified residential mortgage (“non-QM”) loans. Ellington Financial contributed approximately 65% of the loans included in the securitization, with the remainder contributed by funds managed by Ellington Management Group, L.L.C. The debt tranches issued in the securitization were rated by Fitch and KBRA, with the se.

Ellington Financial Inc. Completes Non-QM Securitization

Ellington Financial, Inc. (NYSE:EFC ) Q3 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Alaael-Deen Shilleh - Associate General Counsel and Secretary Larry Penn - Chief Executive Officer Mark Tecotzky - Co-Chief Investment Officer JR Herlihy - Chief Financial Officer Conference Call Participants Trevor Cranston - Citizens JMP Francesco Labetti - KBW Matthew Erdner - Jones Trading Eric Hagen - BTIG Matthew Howlett - B. Riley Operator Good morning, ladies and gentlemen, and thank you for standing by.

Ellington Financial, Inc. (EFC) Q3 2024 Earnings Call Transcript

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced that its Board of Directors has declared a monthly dividend of $0.13 per share of common stock, payable on December 26, 2024 to stockholders of record as of November 29, 2024. Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 19.

Ellington Financial Declares Monthly Common Dividend

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) ("we," "us," or "our") today reported financial results for the quarter ended September 30, 2024. Highlights Net income attributable to common stockholders of $16.2 million, or $0.19 per common share.1 $44.0 million, or $0.51 per common share, from the investment portfolio. $39.2 million, or $0.45 per common share, from the credit strategy. $4.8 million, or $0.06 per common share, from the Agency strategy. $(2.5) millio.

Ellington Financial Inc. Reports Third Quarter 2024 Results

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced that its Board of Directors has authorized the redemption of all 957,133 outstanding shares of its Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series E Preferred Stock") (NYSE: EFC PRE). The anticipated redemption date is December 13, 2024 (the “Redemption Date”). The Series E Preferred Stock redemption price is estimated to be $25.540558 per share of Serie.

Ellington Financial Announces Redemption of its Series E Preferred Stock

EFC-A recently changed to a floating rate. Despite the 10% yield, investors should be aware of the risks. Since they haven't called EFC-E, there's a decent chance that they won't call them.

10.09% Preferred Share From Ellington Financial

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OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced its estimated book value per share of common stock of $13.66 as of September 30, 2024. This estimate includes the effect of the previously announced monthly dividend of $0.13 per share of common stock, payable on October 25, 2024 to holders of record on September 30, 2024, with the same ex-dividend date. Cautionary Statement Regarding Forward-Looking Statements Estimated book value per co.

Ellington Financial Announces Estimated Book Value Per Common Share as of September 30, 2024

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OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced that it will release financial results for the quarter ended September 30, 2024 after market close on Wednesday, November 6, 2024. The Company will host a conference call to discuss its financial results at 11:00 a.m. Eastern Time on Thursday, November 7, 2024. To participate in the event by telephone, please dial (800) 343-4849 at least 10 minutes prior to the start time and reference th.

Ellington Financial Announces Release Date of Third Quarter 2024 Earnings, Conference Call, and Investor Presentation

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My investment focus has shifted to income generation, with Ellington Financial offering a 12% yield despite a recent dividend cut. EFC's dividend reduction from $0.15 to $0.13 per share and missed earnings expectations prompt a downgrade to Hold. The real estate sector shows signs of recovery with rate cuts, but EFC's future performance hinges on economic stability and effective hedging.

Ellington Financial: Offers Monthly Dividends And Should Benefit From Lower Interest Rates

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced its estimated book value per share of common stock of $13.69 as of August 31, 2024. This estimate includes the effect of the previously announced monthly dividend of $0.13 per share of common stock, payable on September 25, 2024 to holders of record on August 30, 2024, with the same ex-dividend date. Cautionary Statement Regarding Forward-Looking Statements Estimated book value per common.

Ellington Financial Announces Estimated Book Value Per Common Share as of August 31, 2024

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OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced that its Board of Directors has declared the following: (i) a monthly dividend of $0.13 per share of common stock, payable on October 25, 2024 to common stockholders of record as of September 30, 2024; (ii) a quarterly dividend of $0.421875 per share on the Company's 6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, payable on October 30, 2024 to Series A prefe.

Ellington Financial Declares Common and Preferred Dividends

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced its estimated book value per share of common stock of $13.80 as of July 31, 2024. This estimate includes the effect of the previously announced monthly dividend of $0.13 per share of common stock, payable on August 26, 2024 to holders of record on July 31, 2024, with the same ex-dividend date. Cautionary Statement Regarding Forward-Looking Statements Estimated book value per common share.

Ellington Financial Announces Estimated Book Value Per Common Share as of July 31, 2024

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News for Ellington Financial Stock (EFC)