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. reports specialty finance developments tied to its investment portfolio, Longbridge reverse mortgage business, and recurring capital returns. The company invests in residential and commercial mortgage loans, mortgage-backed securities, reverse mortgage loans, mortgage servicing rights, consumer loans, asset-backed securities, collateralized loan obligations, derivatives, and strategic investments in loan origination companies.
Company news commonly covers quarterly results, estimated book value per common share, monthly common dividends, preferred stock dividends, securitization activity, and portfolio performance across credit and mortgage-related assets. Ellington Financial is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, L.L.C.
Ellington Financial reported a net loss of $(33.3) million or $(0.55) per share for Q3 2022, with Adjusted Distributable Earnings of $26.5 million, $0.44 per share. The company faced gross losses of $(11.3) million in its credit strategy and $(10.7) million in its agency strategy. Despite market challenges, total long credit portfolio increased by 3% to $2.742 billion. The acquisition of Longbridge Financial for $38.9 million was completed, reflecting a discount to its book value. The dividend yield stands at 13.6%, with cash and cash equivalents at $175.2 million.
Ellington Financial Inc. (NYSE: EFC) has announced a monthly dividend of $0.15 per common share, set for payment on December 27, 2022. Shareholders of record as of November 30, 2022 will qualify for this dividend. The company invests in a variety of financial assets, including mortgage loans and securities, consumer loans, and collateralized loan obligations. This dividend distribution reflects the company's ongoing commitment to return value to its shareholders.
Ellington Financial Inc. (NYSE: EFC) will announce its financial results for the quarter ending September 30, 2022, after market close on November 7, 2022. A conference call to discuss these results is scheduled for November 8, 2022, at 11:00 a.m. ET. Investors can access the call by dialing (800) 225-9448 or through a live webcast available on the company's website. A replay of the call will be available from November 8 to November 15, 2022. An investor presentation will also be posted on the company's site following the earnings release.
Ellington Financial Inc. (NYSE: EFC) has announced an estimated book value per share of $15.22 as of September 30, 2022. This includes a monthly dividend of $0.15 per share, payable on October 25, 2022, to holders of record as of September 30, 2022. The company cautions that this estimated book value may change due to month-end and quarter-end valuation processes and does not guarantee future results. Forward-looking statements are made, indicating potential risks, such as changes in interest rates, mortgage default rates, and economic conditions.
Ellington Financial Inc. (NYSE: EFC) has announced a monthly dividend of $0.15 per common share, set to be paid on November 25, 2022. Shareholders of record as of October 31, 2022 are eligible for this dividend. The company invests in various financial assets, including mortgage loans and securities, with management provided by Ellington Financial Management LLC. This announcement reflects the company's ongoing commitment to returning value to its shareholders.
Ellington Financial Inc. (NYSE: EFC) reported an estimated book value per share of $15.99 as of August 31, 2022. This value includes the upcoming monthly dividend of $0.15 per share, which will be distributed on September 26, 2022. The ex-dividend date is August 30, 2022. It is important to note that the estimated book value may change due to valuation procedures and does not predict future results. The company warns that actual results could vary significantly due to various risks, including market conditions and interest rate changes.
Ellington Financial Inc. (NYSE: EFC) has declared a monthly dividend of $0.15 per common share, payable on October 25, 2022, to stockholders of record as of September 30, 2022. Additionally, a quarterly dividend of $0.421875 per share on the Company’s 6.750% Series A Preferred Stock and $0.390625 for the 6.250% Series B Preferred Stock will be paid on October 31, 2022. Both are also to record holders from September 30, 2022.
Ellington Financial Inc. (NYSE: EFC) reported an estimated book value per share of $16.32 as of July 31, 2022. This figure factors in a monthly dividend of $0.15, payable on August 25, 2022, to stockholders on record as of July 29, 2022. The company cautions that the estimated book value is subject to significant changes and may not reflect future results, influenced by various unpredictable factors including market conditions and interest rates.
Ellington Financial reported a net loss of $(64.9) million, or $(1.08) per share, for Q2 2022. Adjusted Distributable Earnings were $24.9 million ($0.41 per share). The company faced significant challenges, including a gross loss of $(48.9) million from credit strategies and $(12.3) million from agency strategies. Book value per share was $16.22, with a dividend yield of 11.3%. Despite these losses, the credit portfolio grew by 29% since year-end 2021, and strategic investments in loan originators represented 9% of total equity. The debt-to-equity ratio stood at 3.8:1.
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.