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 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.
Ellington Financial has declared a monthly dividend of $0.15 per common share, payable on June 27, 2022, to shareholders on record as of May 31, 2022. This announcement reflects the company’s ongoing commitment to returning value to its shareholders through regular dividend payments, despite market uncertainties.
Ellington Financial Inc. (NYSE: EFC) has successfully completed a $426 million securitization backed by non-qualified residential mortgage loans. The majority of these loans were acquired from LendSure Mortgage Corp. and American Heritage Lending, LLC, in which Ellington holds equity stakes. The securitization received AAA ratings from Fitch and KBRA. Ellington retained certain tranches for regulatory compliance and maintains the right to call the securitization after the optional redemption date.
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 $0.15 per common share, set for payment on May 25, 2022. This dividend will benefit stockholders of record as of April 29, 2022. The company is diverse in its investments, covering residential and commercial mortgage loans, mortgage-backed securities, and various other financial assets. While the announcement is positive for investors, the company also warns of inherent risks and uncertainties that may impact future results.
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 $17.85 as of February 28, 2022. This figure includes the previously announced monthly dividend of $0.15, to be paid on March 25, 2022, to shareholders of record on February 28, 2022. The company cautioned that this estimate may change due to ongoing valuation processes and does not guarantee future results.
Ellington Financial invests in various financial assets and is managed by Ellington Financial Management LLC.