About Ellington Financial (NYSE:EFC)
Ellington Financial LLC, through its subsidiary Ellington Financial Operating Partnership LLC, operates as a specialty finance company in the United States. It primarily acquires and manages mortgage-related assets, including residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, manufactured housing, and subprime residential mortgage loans; RMBS for which the principal and interest payments are guaranteed by the U.S. government agency or the U.S. government-sponsored entity; residential mortgage loans; commercial mortgage-backed securities; commercial mortgage loans and other commercial real estate debt; mortgage servicing rights; and real property and mortgage-related derivatives. The company also invests in corporate debt and equity securities, including distressed debt, collateralized loan obligations, and non-mortgage-related derivatives; and other financial assets, including private debt and equity investments in mortgage-related entities. In addition, it offers consumer loans and asset-backed securities backed by consumer and commercial assets. Ellington Financial LLC was founded in 2007 and is based in Old Greenwich, Connecticut.
Industry, Sector and Symbol
Industry Real estate
Sub-IndustryN/A
SectorFinance
SymbolNYSE:EFC
CUSIPN/A
Phone203-698-1200
Debt
Debt-to-Equity Ratio2.38%
Current Ratio3.07%
Quick Ratio3.07%
Price-To-Earnings
Trailing P/E Ratio13.67
Forward P/E Ratio10.80
P/E GrowthN/A
Sales & Book Value
Annual Sales$93.96 million
Price / Sales4.99
Cash Flow$2.1330 per share
Price / Cash6.99
Book Value$19.46 per share
Price / Book0.77
Profitability
EPS (Most Recent Fiscal Year)$1.08
Net Income$33.98 million
Net Margins36.17%
Return on Equity5.53%
Return on Assets1.23%
Miscellaneous
Employees160
Outstanding Shares31,440,000
Ellington Financial (NYSE:EFC) Frequently Asked Questions
What is Ellington Financial's stock symbol?
Ellington Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "EFC."
How often does Ellington Financial pay dividends? What is the dividend yield for Ellington Financial?
Ellington Financial announced a quarterly dividend on Tuesday, February 6th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.41 per share on Thursday, March 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 11.00%. The ex-dividend date is Wednesday, February 28th. View Ellington Financial's Dividend History.
How will Ellington Financial's stock buyback program work?
Ellington Financial declared that its board has initiated a stock repurchase program on Thursday, February 15th 2018, which permits the company to buyback 1,550,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.
How were Ellington Financial's earnings last quarter?
Ellington Financial (NYSE:EFC) issued its quarterly earnings results on Tuesday, February, 13th. The financial services provider reported $0.22 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.26 by $0.04. The financial services provider had revenue of $25.10 million for the quarter, compared to the consensus estimate of $24.63 million. Ellington Financial had a return on equity of 5.53% and a net margin of 36.17%. View Ellington Financial's Earnings History.
When is Ellington Financial's next earnings date?
What price target have analysts set for EFC?
6 equities research analysts have issued 12 month price objectives for Ellington Financial's shares. Their forecasts range from $16.00 to $19.00. On average, they expect Ellington Financial's share price to reach $17.25 in the next year. View Analyst Ratings for Ellington Financial.
What are Wall Street analysts saying about Ellington Financial stock?
Here are some recent quotes from research analysts about Ellington Financial stock:
- 1. According to Zacks Investment Research, "Ellington Financial LLC is a finance company that engages in acquiring and managing mortgage-related assets, including residential mortgage backed securities, prime jumbo, Alternative A-paper and subprime residential mortgage loans. The Company's targeted assets also include mortgage-related derivatives, corporate debt and equity securities and derivatives. Ellington Financial LLC is headquartered in Old Greenwich, USA. " (4/18/2018)
- 2. Maxim Group analysts commented, "1Q18 book value of $19.24 (versus $18.85 in 4Q17) implies 1Q18 EPS of $0.74 (assuming share buybacks equal to the 0.462 million shares already announced), versus our previous $0.37 estimate. Price target of $19 equates to 1.0x book value." (4/9/2018)
- 3. FBR & Co analysts commented, "Ellington Financial reported 1Q17 EPS of $0.46, beating the Street and FBR estimates of $0.36 and $0.29, respectively, and covering the $0.45 dividend. We estimate core EPS, which excludes realized and unrealized gains on investments, FX, and derivatives, came in at $0.36, in line with consensus but below the dividend. Overall, this was a strong quarter as the company achieved a strong economic return of 10.4% annualized while continuing to redeploy capital from legacy non-agency RMBS into higher-yielding credit investments and securing new sources of financing. Given the larger portfolio and just over two-thirds of capital allocated to credit strategies that generate mid-teens ROEs, we believe core earnings power is poised to increase going forward, which should bode well for shares and support a stronger valuation. As such, we reiterate our Outperform rating and $17.50 price target, which represents a 10% discount to tangible book value and a total potential return of 17% when including the dividend." (5/8/2017)
Who are some of Ellington Financial's key competitors?
Some companies that are related to Ellington Financial include Gazit Globe (GZT), Seritage Growth Properties (SRG), Government Properties Income Trust (GOV), Cresud S.A.C.I.F. y A. (CRESY), BBX Capital (BBX), Getty Realty (GTY), Forestar Group (FOR), Homefed (HOFD), Yangtze River Port (YRIV), Tejon Ranch (TRC), Armada Hoffler Properties (AHH), FRP (FRPH), Front Yard Residential (RESI), Consorcio ARA (CNRFF) and Nam Tai Electronics (NTP).
Who are Ellington Financial's key executives?
Ellington Financial's management team includes the folowing people:
- Mr. Laurence Eric Penn, Chief Exec. Officer, Pres & Director (Age 56)
- Ms. Lisa Michelle Mumford, Chief Financial Officer (Age 55)
- Mr. Michael William Vranos, Co-Chief Investment Officer (Age 56)
- Mr. Mark Ira Tecotzky, Co-Chief Investment Officer (Age 56)
- Ms. Maria Cozine, VP of Investor Relations
Has Ellington Financial been receiving favorable news coverage?
Headlines about EFC stock have trended positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ellington Financial earned a media sentiment score of 0.46 on Accern's scale. They also gave news stories about the financial services provider an impact score of 45.01 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near term.
How do I buy shares of Ellington Financial?
Shares of EFC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Ellington Financial's stock price today?
One share of EFC stock can currently be purchased for approximately $14.91.
How big of a company is Ellington Financial?
Ellington Financial has a market capitalization of $468.51 million and generates $93.96 million in revenue each year. The financial services provider earns $33.98 million in net income (profit) each year or $1.08 on an earnings per share basis. Ellington Financial employs 160 workers across the globe.
How can I contact Ellington Financial?
Ellington Financial's mailing address is 53 Forest Ave, Old Greenwich CT, 06870. The financial services provider can be reached via phone at 203-698-1200 or via email at [email protected]
MarketBeat Community Rating for Ellington Financial (EFC)
MarketBeat's community ratings are surveys of what our community members think about Ellington Financial and other stocks. Vote "Outperform" if you believe EFC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe EFC will underperform the S&P 500 over the long term. You may vote once every thirty days.
Ellington Financial (NYSE:EFC) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
6 Wall Street analysts have issued ratings and price targets for Ellington Financial in the last 12 months. Their average twelve-month price target is $17.25, suggesting that the stock has a possible upside of 15.69%. The high price target for EFC is $19.00 and the low price target for EFC is $16.00. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.67 | 2.67 | 2.83 | 3.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
2 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $17.25 | $17.25 | $17.25 | $18.75 |
| Price Target Upside: | 15.69% upside | 13.64% upside | 18.56% upside | 19.66% upside |
Ellington Financial (NYSE:EFC) Consensus Price Target History
Ellington Financial (NYSE:EFC) Analyst Ratings History
Show:
(Data available from 4/26/2016 forward)
Ellington Financial (NYSE:EFC) Dividend Information
Ellington Financial pays an annual dividend of $1.64 per share, with a dividend yield of 11.00%. EFC's most recent quarterly dividend payment was Thursday, March 15. Ellington Financial pays out 151.85% of its earnings out as a dividend.
| Most Recent Dividend: | 3/15/2018 |
| Annual Dividend: | $1.64 |
| Dividend Yield: | 11.00% |
| Dividend Growth: | -17.00% (3 Year Average) |
| Payout Ratio: | 151.85% (Trailing 12 Months of Earnings)
118.84% (Based on This Year's Estimates)
100.00% (Based on Next Year's Estimates)
|
| Frequency: | Quarterly Dividend |
Ellington Financial (NYSE:EFC) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/6/2018 | Quarterly | $0.41 | 11.07% | 2/28/2018 | 3/1/2018 | 3/15/2018 |
| 11/2/2017 | quarterly | $0.41 | 10.72% | 11/30/2017 | 12/1/2017 | 12/15/2017 |
| 8/1/2017 | quarterly | $0.45 | 11.1% | 8/30/2017 | 9/1/2017 | 9/15/2017 |
| 5/2/2017 | quarterly | $0.45 | 10.85% | 5/30/2017 | 6/1/2017 | 6/15/2017 |
| 2/9/2017 | quarterly | $0.45 | 11.16% | 2/27/2017 | 3/1/2017 | 3/15/2017 |
| 11/1/2016 | quarterly | $0.45 | 11.51% | 11/29/2016 | 12/1/2016 | 12/15/2016 |
| 8/2/2016 | quarterly | $0.50 | 11.6% | 8/30/2016 | 9/1/2016 | 9/15/2016 |
| 5/3/2016 | quarterly | $0.50 | 11.83% | 5/27/2016 | 6/1/2016 | 6/15/2016 |
| 2/10/2016 | quarterly | $0.50 | 12.36% | 2/26/2016 | 3/1/2016 | 3/15/2016 |
| 11/9/2015 | quarterly | $0.50 | 11.27% | 11/27/2015 | 12/1/2015 | 12/15/2015 |
| 8/4/2015 | quarterly | $0.65 | 14.24% | 8/28/2015 | 9/1/2015 | 9/15/2015 |
| 5/5/2015 | quarterly | $0.65 | 12.97% | 5/28/2015 | 6/1/2015 | 6/15/2015 |
| 2/12/2015 | quarterly | $0.65 | 12.52% | 2/25/2015 | 2/27/2015 | 3/16/2015 |
| 11/5/2014 | quarterly | $0.77 | 13.75% | 11/26/2014 | 12/1/2014 | 12/15/2014 |
| 8/5/2014 | quarterly | $0.77 | 12.86% | 8/27/2014 | 8/29/2014 | 9/15/2014 |
| 5/6/2014 | quarterly | $0.77 | 12.63% | 5/28/2014 | 5/30/2014 | 6/16/2014 |
| 2/11/2014 | quarterly | $0.77 | 12.66% | 2/26/2014 | 2/28/2014 | 3/17/2014 |
| 11/5/2013 | quarterly | $0.77 | 13.42% | 11/26/2013 | 11/29/2013 | 12/16/2013 |
| 8/1/2013 | quarterly | $0.77 | 13.69% | 8/28/2013 | 8/30/2013 | 9/16/2013 |
| 5/2/2013 | quarterly | $0.77 | 11.89% | 5/29/2013 | 5/31/2013 | 6/17/2013 |
| 2/13/2013 | special | $0.75 | 11.99% | 2/27/2013 | 3/1/2013 | 3/15/2013 |
| 2/13/2013 | quarterly | $0.77 | 11.99% | 2/27/2013 | 3/1/2013 | 3/15/2013 |
(Data available from 1/1/2013 forward)
Ellington Financial (NYSE EFC) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 11.10%
Institutional Ownership Percentage: 45.41%
Ellington Financial (NYSE EFC) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 11/14/2013 | Michael Vranos | major shareholder | Buy | 500,000 | $23.28 | $11,640,000.00 | 514,294 |  |
(Data available from 1/1/2013 forward)
Ellington Financial (NYSE EFC) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Ellington Financial (EFC) Set to Announce Quarterly Earnings on Wednesday
www.americanbankingnews.com - April 25 at 3:52 AM |
| Ellington Financial (EFC) Lifted to "Hold" at Zacks Investment Research
www.americanbankingnews.com - April 18 at 11:22 PM |
| Ellington Financial (EFC) Cut to "Sell" at BidaskClub
www.americanbankingnews.com - April 18 at 12:16 PM |
| BidaskClub Lowers Ellington Financial (EFC) to Strong Sell
www.americanbankingnews.com - April 14 at 11:26 PM |
 | Ellington Financial book value rises again
seekingalpha.com - April 9 at 5:30 PM |
| Ellington Financial (EFC) Rating Reiterated by Maxim Group
www.americanbankingnews.com - April 9 at 11:35 AM |
 | Form 8-K Ellington Financial LLC For: Apr 06
www.streetinsider.com - April 9 at 8:09 AM |
| Ellington Financial LLC (EFC) Receives Consensus Recommendation of "Hold" from Analysts
www.americanbankingnews.com - April 7 at 1:31 AM |
| B. Riley Lowers Ellington Financial (EFC) to Neutral
www.americanbankingnews.com - April 1 at 11:52 AM |
| Ellington Financial (EFC) Price Target Lowered to $17.00 at Deutsche Bank
www.americanbankingnews.com - April 1 at 9:46 AM |
| Ellington Financial's (EFC) Buy Rating Reiterated at B. Riley
www.americanbankingnews.com - April 1 at 8:50 AM |
| Ellington Financial (EFC) Lowered to "Strong Sell" at Zacks Investment Research
www.americanbankingnews.com - March 31 at 4:56 PM |
| Ellington Financial (EFC) Rating Increased to Hold at Zacks Investment Research
www.americanbankingnews.com - March 29 at 8:30 PM |
 | Edited Transcript of EFC earnings conference call or presentation 14-Feb-18 4:00pm GMT
finance.yahoo.com - March 18 at 8:09 AM |
| Zacks Investment Research Upgrades Ellington Financial (EFC) to Hold
www.americanbankingnews.com - March 13 at 9:42 PM |
| Ellington Financial LLC (EFC) Given Consensus Rating of "Hold" by Brokerages
www.americanbankingnews.com - March 13 at 1:32 AM |
| WSFS Financial (WSFS) & Ellington Financial (EFC) Head to Head Comparison
www.americanbankingnews.com - March 9 at 5:43 PM |
| Ellington Financial LLC Reports Estimated Book Value Per Share as of February 28, 2018
finance.yahoo.com - March 7 at 6:43 PM |
| Ellington Financial LLC (EFC) Shares Bought by Arrowstreet Capital Limited Partnership
www.americanbankingnews.com - March 5 at 4:42 AM |
| Ellington Financial (EFC) Rating Lowered to Hold at ValuEngine
www.americanbankingnews.com - March 4 at 7:16 PM |
| West Family Investments Inc. Has $7.10 Million Stake in Ellington Financial LLC (EFC)
www.americanbankingnews.com - February 26 at 11:36 AM |
| Ellington Financial LLC (EFC) to Issue $0.41 Quarterly Dividend
www.americanbankingnews.com - February 23 at 9:22 AM |
| B. Riley Weighs in on Ellington Financial LLC's Q1 2018 Earnings (EFC)
www.americanbankingnews.com - February 19 at 2:38 AM |
| Ellington Financial (EFC) PT Set at $17.00 by Keefe, Bruyette & Woods
www.americanbankingnews.com - February 18 at 2:16 PM |
| Ellington Financial (EFC) Given "Neutral" Rating at Keefe, Bruyette & Woods
www.americanbankingnews.com - February 17 at 4:22 PM |
| Brokers Set Expectations for Ellington Financial LLC's Q3 2019 Earnings (EFC)
www.americanbankingnews.com - February 16 at 3:12 PM |
| Ellington Financial's (EFC) CEO Laurence Penn on Q4 2017 Results - Earnings Call Transcript
seekingalpha.com - February 16 at 8:10 AM |
| Ellington Financial LLC (EFC) Given Average Rating of "Hold" by Analysts
www.americanbankingnews.com - February 16 at 1:36 AM |
| Ellington Financial (EFC) Given a $16.00 Price Target at B. Riley
www.americanbankingnews.com - February 15 at 11:52 PM |
| Ellington Financial LLC Announces Annual Shareholders Meeting and Record Date
finance.yahoo.com - February 15 at 5:26 PM |
| Ellington Financial (EFC) to Repurchase 1,550,000 Shares
www.americanbankingnews.com - February 15 at 11:16 AM |
| Ellington Financial LLC to Host Earnings Call
finance.yahoo.com - February 14 at 3:41 PM |
| Ellington Financial LLC Reports Fourth Quarter 2017 Results
finance.yahoo.com - February 14 at 8:49 AM |
| Ellington Financial (EFC) Issues Earnings Results
www.americanbankingnews.com - February 13 at 7:08 PM |
| Ellington Financial (EFC) to Release Quarterly Earnings on Monday
www.americanbankingnews.com - February 5 at 3:26 AM |
| Report: Exploring Fundamental Drivers Behind Pool, SP Plus, Callidus Software, HNI, Asbury Automotive Group, and Ellington Financial — New Horizons, Emerging Trends, and Upcoming Developments
finance.yahoo.com - January 24 at 8:54 AM |
| Ellington Financial LLC (EFC) Given Consensus Rating of "Buy" by Analysts
www.americanbankingnews.com - January 22 at 1:40 AM |
| Research Analysts Issue Forecasts for Ellington Financial LLC's FY2017 Earnings (EFC)
www.americanbankingnews.com - January 12 at 7:32 AM |
| Maxim Group Reaffirms Buy Rating for Ellington Financial (EFC)
www.americanbankingnews.com - January 9 at 12:50 PM |
| Ellington Financial (EFC) versus Ocwen Financial (OCN) Financial Analysis
www.americanbankingnews.com - January 1 at 3:28 AM |
| Ellington Financial LLC (EFC) Given Average Rating of "Hold" by Brokerages
www.americanbankingnews.com - December 28 at 1:38 AM |
| Ellington Financial LLC Reports Estimated Book Value Per Share as of November 30, 2017
finance.yahoo.com - December 7 at 5:57 PM |
| Sandler O'Neill Begins Coverage on Ellington Financial (EFC)
www.americanbankingnews.com - December 6 at 9:58 AM |
| Ellington Financial (EFC) Upgraded to "Buy" by ValuEngine
www.americanbankingnews.com - December 3 at 3:48 PM |
| Ellington Financial LLC Completes $141.2 Million Residential Mortgage Loan Securitization
finance.yahoo.com - November 16 at 1:46 PM |
| Ellington Financial LLC (EFC) Stock Rating Reaffirmed by Keefe, Bruyette & Woods
www.americanbankingnews.com - November 13 at 7:26 AM |
| FY2017 EPS Estimates for Ellington Financial LLC (EFC) Decreased by B. Riley
www.americanbankingnews.com - November 9 at 7:54 AM |
| Ellington Financial LLC (EFC) Receives Consensus Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - November 8 at 11:58 AM |
| Edited Transcript of EFC earnings conference call or presentation 7-Nov-17 4:00pm GMT
finance.yahoo.com - November 8 at 5:40 AM |
| Ellington Financial LLC Reports Estimated Book Value Per Share as of October 31, 2017
finance.yahoo.com - November 8 at 5:40 AM |
Ellington Financial (NYSE:EFC) SEC Filings
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Ellington Financial (NYSE:EFC) Income Statement, Balance Sheet and Cash Flow Statement
Ellington Financial (NYSE EFC) Stock Chart for Thursday, April, 26, 2018
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