Ellington Financial Inc Stock Price, News & Analysis

Ellington Financial Inc. (EFC) reported a net income of $20.6 million ($0.41 per share) for Q3 2021, with core earnings of $23.0 million ($0.46 per share). The company's book value per share stood at $18.35, and it declared a monthly dividend of $0.15. The total long credit portfolio grew by 24% to $1.688 billion. Significant unrealized losses were observed in its investment in Longbridge Financial, attributed to market conditions. The company successfully raised $100 million in October to support future growth.

Ellington Financial Inc. (NYSE: EFC) has declared a monthly dividend of $0.15 per common share, scheduled for payment on December 27, 2021. This dividend is payable to stockholders of record as of November 30, 2021. The announcement reflects the company's ongoing commitment to providing returns to its shareholders.

Ellington Financial (NYSE: EFC) will announce its financial results for the quarter ending September 30, 2021, on November 8, 2021, before market open. A conference call is scheduled for 11:00 a.m. ET the same day. Participation can be via telephone or through a live webcast on the company's website. A replay will be available shortly after the call, lasting until November 15, 2021. An investor presentation will also be posted online prior to the call, providing further insights into the company’s performance.

Ellington Financial Inc. (NYSE:EFC) announced a public offering of 5,000,000 shares, expected to raise $91.3 million in gross proceeds. The company granted underwriters a 30-day option to purchase an additional 750,000 shares. Proceeds will be used to acquire targeted assets and for general corporate purposes. The offering, closing on October 15, 2021, will utilize the existing shelf registration statement effective from April 9, 2021. Joint book-running managers include Morgan Stanley and BofA Securities.

Ellington Financial Inc. (NYSE: EFC) reported an estimated book value per share of common stock between $18.31 and $18.37 as of September 30, 2021. This estimate factors in the previously announced monthly dividend of $0.15 per share, payable on October 25, 2021. The range is subject to change and not audited by PricewaterhouseCoopers LLP, with potential material adjustments before final financial statements are released. Forward-looking statements are included, emphasizing the risks around market fluctuations and regulatory changes.

Ellington Financial Inc. (NYSE: EFC) has initiated a public offering of 5,000,000 shares of common stock, with an option for underwriters to purchase an additional 750,000 shares over 30 days. Proceeds will primarily be used for asset acquisition, with additional funds allocated for working capital. This offering is conducted under the existing shelf registration statement, effective since April 9, 2021. The offering involves several major financial institutions acting as joint book-running managers.

Ellington Financial Inc. (NYSE:EFC) has successfully closed a $258 million securitization backed by non-qualified residential mortgage loans. The majority of these loans were acquired from LendSure Mortgage Corp., where EFC holds a strategic equity investment. The securitization received AAA ratings for the senior tranche from both Fitch and KBRA. EFC retained certain tranches to adhere to credit risk retention rules and has the option to call back the securitization post the optional redemption date.

Ellington Financial has announced a monthly dividend of $0.15 per common share, payable on November 26, 2021, to stockholders of record as of October 29, 2021. Additionally, a quarterly dividend of $0.421875 per share will be paid on the 6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock on November 1, 2021, for stockholders of record as of October 18, 2021. This announcement reflects the company's continued commitment to providing returns to its shareholders.

Ellington Financial Inc. (NYSE: EFC) reported an estimated book value per common share of $18.30 as of August 31, 2021. This estimate factors in a announced monthly dividend of $0.15 per share, payable on September 27, 2021, to holders of record on August 31, 2021. The company cautioned that this estimated book value may change following completion of month-end valuation procedures and may not reflect future results. Forward-looking statements in the release underscore various risks affecting future performance.