Ellington Financial Inc Stock Price, News & Analysis

Ellington Financial Inc. (NYSE: EFC) has announced a monthly dividend of $0.15 per common share, to be paid on September 26, 2022. Stockholders recorded by August 31, 2022 will receive this payment. The company invests in various financial assets, including mortgage-backed securities and consumer loans. However, shareholders should be aware of the inherent risks in forward-looking statements regarding future performance, which are subject to uncertainties in market conditions.

Ellington Financial Inc. (NYSE: EFC) has successfully closed a $346 million securitization backed by non-qualified residential mortgage loans. The Company acquired these loans from LendSure Mortgage Corp. and American Heritage Lending, LLC, in which it holds strategic equity investments. The securitization received AAA ratings for the senior tranche from Fitch and KBRA. Ellington retained certain tranches to comply with credit risk retention rules and has the option to call the securitization post-optional redemption date.

Ellington Financial Inc. (NYSE: EFC) will release its financial results for Q2 2022 on August 4, 2022, post-market. A conference call is scheduled for August 5, 2022, at 11:00 a.m. ET to discuss the results. Callers can dial (800) 225-9448 or (203) 518-9708 for international participants to join. A replay will be available starting August 5 at 2:00 p.m. ET through August 12. Financial presentations will also be posted on their website.

Ellington Financial Inc. (NYSE: EFC) announced an estimated book value per share of $16.22 as of June 30, 2022. This figure includes the impact of a monthly dividend of $0.15 per share, scheduled for payment on July 25, 2022, to stockholders on record as of June 30, 2022. The company cautions that this estimated book value is subject to significant changes following month-end and quarter-end valuations, and actual results may vary due to various factors, including market conditions and regulatory changes.

Ellington Financial Inc. (NYSE: EFC) has declared a monthly dividend of $0.15 per common share. The dividend, payable on August 25, 2022, is intended for stockholders of record as of July 29, 2022. This announcement indicates the company's ongoing commitment to providing returns to its investors amidst fluctuating market conditions.

Investors should note the potential impacts of economic factors and market conditions on the company's operations and future performance.

Ellington Financial (NYSE: EFC) reported an estimated book value per share of $16.94 as of May 31, 2022. This figure reflects the impact of a monthly dividend of $0.15, payable on June 27, 2022. The Company warns that this estimated book value may change after month-end valuation procedures and does not guarantee future results. Potential risks include fluctuations in interest rates, mortgage default rates, and adverse economic conditions, including those related to the COVID-19 pandemic.

Ellington Financial Inc. (NYSE: EFC) has declared a $0.15 monthly dividend for common shares, payable on July 25, 2022, for stockholders on record by June 30, 2022. Additionally, the company will pay a quarterly dividend of $0.421875 for Series A Preferred Stock and $0.390625 for Series B Preferred Stock, both payable on August 1, 2022, also to shareholders on record as of June 30, 2022. These actions reflect the company’s ongoing commitment to providing returns to its investors.

Ellington Financial Inc. (NYSE: EFC) reported an estimated book value per share of $17.10 as of April 30, 2022. This figure incorporates a monthly dividend of $0.15, payable on May 25, 2022, to shareholders on record as of April 29, 2022. The company cautions that this estimated book value may change significantly upon finalization of their valuation procedures, and actual results can differ due to various market factors, including interest rates and economic conditions.

Ellington Financial reported a net loss of $(9.9) million, or $(0.17) per share, for Q1 2022. Core Earnings were positive at $23.2 million, translating to $0.40 per share. The company's book value per share was $17.74, with a 10.7% dividend yield based on a closing stock price of $16.86. The credit strategy generated $16.5 million in gross income, but the agency strategy incurred a gross loss of $(20.1) million. Total long credit portfolio grew by 11% to $2.301 billion, while debt-to-equity ratio stands at 3.2:1 as of March 31, 2022. Significant strategic financings were completed, providing ample liquidity for future investments.