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. (NYSE: EFC) is a specialty finance company that regularly releases news on its investment activities, portfolio performance, capital markets transactions, and shareholder distributions. Company press releases and related Form 8-K filings provide updates on its diverse investments in residential and commercial mortgage loans and mortgage-backed securities, reverse mortgage loans, mortgage servicing rights and related investments, consumer loans, asset-backed securities, collateralized loan obligations, and other mortgage-related and non-mortgage-related derivatives and strategic investments.
News for Ellington Financial often highlights dividend declarations on its common and preferred stock, including monthly common dividends and quarterly preferred dividends approved by its Board of Directors. The company also publishes estimated book value per common share as of specific month-ends, and reports quarterly financial results for its Investment Portfolio and Longbridge segments, detailing contributions from credit and Agency strategies and from the Longbridge reverse mortgage business.
Investors following EFC news can also see announcements about senior unsecured notes offerings, including the issuance and closing of notes due 2030, as well as updates on equity distribution agreements that support an at-the-market common stock offering program. Additional releases cover the timing of quarterly earnings releases, conference calls, and investor presentations, with details on how to access those events.
This news page aggregates Ellington Financial’s publicly released information so readers can review company communications on dividends, estimated book value, earnings, financing transactions, and other material events as disclosed in press releases and SEC filings.
Ellington Financial Inc. (NYSE: EFC) announced an estimated book value per share of $17.74 as of March 31, 2022. This figure incorporates a monthly dividend of $0.15 per share, payable on April 25, 2022, to holders of record on March 31, 2022. The company cautions that its estimated book value may change following its month-end and quarter-end valuation procedures. There is no assurance that this estimate will reflect actual results for future periods, given various market and economic factors.
Ellington Financial (NYSE:EFC) will release its financial results for Q1 2022 after market close on May 5, 2022. A conference call is scheduled for May 6, 2022, at 11:00 a.m. ET, with dial-in options available for participants. An investor presentation will be posted on the company's website after the earnings release. Ellington Financial invests in a range of financial assets, including mortgage loans and asset-backed securities, and is managed by Ellington Financial Management LLC.
Ellington Financial (NYSE: EFC) has announced a monthly dividend of
Ellington Financial Inc. (NYSE: EFC) has successfully closed a private offering of $210 million in 5.875% senior unsecured notes maturing in April 2027. These notes will be fully guaranteed by the Company. The offering is compliant with Rule 144A and Regulation D, targeting qualified institutional buyers and international investors, thus avoiding registration under the Securities Act. The press release includes cautionary forward-looking statements regarding the Company's future performance, emphasizing the potential risks and uncertainties that could affect results.
Ellington Financial Inc. (NYSE: EFC) announced an estimated book value per share of
Ellington Financial invests in various financial assets and is managed by Ellington Financial Management LLC.
Ellington Financial Inc. (NYSE: EFC) declared a monthly dividend of $0.15 per share, payable on April 25, 2022. Additionally, it announced quarterly dividends of $0.421875 for its 6.750% Series A Preferred Stock and $0.390625 for its 6.250% Series B Preferred Stock, both payable on May 2, 2022. All dividends are for stockholders of record as of March 31, 2022. The company emphasized ongoing risks associated with forward-looking statements, including interest rate fluctuations and changes in government regulations.
Ellington Financial has announced the acquisition of an additional 49.6% stake in Longbridge Financial from Home Point Capital for approximately $75 million. Following the transaction, Ellington will hold almost all of Longbridge's equity. Longbridge, a reverse mortgage lender, increased its annual loan volume to $2.2 billion from 2019 to 2021 and ranks as the third largest reverse mortgage lender in the U.S., holding an 18% market share. The acquisition is expected to close in Q2 2022, enhancing Ellington's position in the reverse mortgage market.
Ellington Financial Inc. (NYSE: EFC) reported strong financial results for Q4 2021, achieving net income of $34.3 million, or $0.61 per share, and core earnings of $24.9 million, equivalent to $0.44 per share. Total equity increased by 20% due to the issuance of 5.75 million common shares and 4.8 million preferred shares. The credit portfolio grew by 22%, reaching $2.1 billion. Despite a gross loss of $1.4 million from the Agency strategy, the company maintained a solid dividend yield of 10.5%. As of December 31, 2021, the debt-to-equity ratio was 2.7:1, reflecting prudent leverage practices.
Ellington Financial Inc. (NYSE: EFC) announced an estimated book value per share of
Ellington Financial has declared a monthly dividend of $0.15 per common share, payable on March 25, 2022. This dividend will be distributed to stockholders of record as of February 28, 2022. The announcement highlights the company’s commitment to returning value to its shareholders amidst various financial uncertainties, such as interest rate fluctuations and mortgage default rates.