Ellington Financial Inc Stock Price, News & Analysis

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.

Ellington Financial Inc. (NYSE: EFC) has declared a monthly dividend of $0.15 per common share, payable on October 25, 2021, to stockholders of record as of September 30, 2021. This move highlights the company's commitment to returning value to its shareholders amidst a diverse investment portfolio that includes residential and commercial mortgage loans, mortgage-backed securities, and consumer loans.

Ellington Financial (EFC) reported an estimated book value per common share of $18.29 as of July 31, 2021. This figure includes a monthly dividend of $0.15 per share, payable on August 25, 2021. Investors should note that the estimated book value is subject to change based on month-end and quarter-end valuations. The release also includes cautionary statements regarding forward-looking projections, emphasizing that actual results could differ significantly due to various risks, including market conditions and interest rate fluctuations.

Ellington Financial reported its Q2 2021 results, showing a net income of $32.7 million ($0.75 per share) and core earnings of $22.3 million ($0.51 per share). The company raised its monthly dividend by 50% to $0.15 per share, reflecting strong performance, particularly in non-QM loan origination. The credit strategy generated gross income of $55.3 million, while the agency strategy incurred a loss of $1.2 million. As of June 30, 2021, book value was $18.47 per share, with cash and equivalents at $134.7 million. The company maintained a debt-to-equity ratio of 3.2:1.

Ellington Financial (EFC) declared a monthly dividend of $0.15 per share, payable on September 27, 2021 to stockholders of record as of August 31, 2021. This announcement reflects the company's ongoing commitment to providing returns to its shareholders. However, investors should be aware of potential risks outlined in the release, including market fluctuations and changes in government regulations that could impact future dividends.