Ellington Financial LLC, through its subsidiary Ellington Financial Operating Partnership LLC, operates as a specialty finance company in the United States. The company 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; and residential mortgage loans. It also provides collateralized loan obligations; mortgage-related and non-mortgage-related derivatives; equity investments in mortgage-related entities; and other strategic investments, as well as invests in corporate debt and equity securities. 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
Stock Exchange NYSE
Industry Real estate
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:EFC
Previous Symbol
CUSIPN/A
Phone203-698-1200
Debt
Debt-to-Equity Ratio3.12
Current Ratio1.80
Quick Ratio1.80
Price-To-Earnings
Trailing P/E Ratio14.09
Forward P/E Ratio10.75
P/E GrowthN/A
Sales & Book Value
Annual Sales$93.96 million
Price / Sales4.88
Cash Flow$2.1297 per share
Price / Cash Flow7.17
Book Value$19.46 per share
Price / Book0.78
Profitability
EPS (Most Recent Fiscal Year)$1.08
Net Income$33.98 million
Net Margins45.70%
Return on Equity6.62%
Return on Assets1.20%
Miscellaneous
Employees160
Outstanding Shares30,010,000
Market Cap$458.91 million
OptionableOptionable
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 Thursday, November 1st. Shareholders of record on Friday, November 30th will be paid a dividend of $0.41 per share on Monday, December 17th. This represents a $1.64 annualized dividend and a yield of 10.74%. The ex-dividend date of this dividend is Thursday, November 29th. View Ellington Financial's Dividend History.
How will Ellington Financial's stock buyback program work?
Ellington Financial announced that its board has authorized a share repurchase program on Thursday, February 15th 2018, which authorizes the company to repurchase 1,550,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.
How were Ellington Financial's earnings last quarter?
Ellington Financial LLC (NYSE:EFC) announced its earnings results on Wednesday, November, 7th. The financial services provider reported $0.40 EPS for the quarter, beating the Zacks' consensus estimate of $0.37 by $0.03. The financial services provider had revenue of $36.35 million for the quarter, compared to analysts' expectations of $31.98 million. Ellington Financial had a return on equity of 6.62% and a net margin of 45.70%. View Ellington Financial's Earnings History.
When is Ellington Financial's next earnings date?
What price target have analysts set for EFC?
4 brokerages have issued 12-month price targets for Ellington Financial's shares. Their forecasts range from $16.00 to $19.50. On average, they expect Ellington Financial's stock price to reach $18.1250 in the next twelve months. This suggests a possible upside of 18.7% from the stock's current price. View Analyst Price Targets for Ellington Financial.
What is the consensus analysts' recommendation for Ellington Financial?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ellington Financial in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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. " (12/10/2018)
- 2. Maxim Group analysts commented, "2Q18 book value of $19.58 (versus $19.25 in 1Q18) implies 2Q18 EPS of $0.62 (assuming share buybacks equal to the 0.203 million shares already announced), versus our previous $0.41 estimate. Price target of $19.50 equates to 1.0x book value." (7/10/2018)
Has Ellington Financial been receiving favorable news coverage?
News stories about EFC stock have been trending somewhat positive recently, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Ellington Financial earned a media sentiment score of 1.0 on InfoTrie's scale. They also assigned press coverage about the financial services provider a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
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), Getty Realty (GTY), Five Point (FPH), Government Properties Income Trust (GOV), Armada Hoffler Properties (AHH), Yangtze River Port and Logistics (YRIV), Cresud S.A.C.I.F. y A. (CRESY), BBX Capital (BBX), Forestar Group (FOR), HomeFed (HOFD), Front Yard Residential (RESI), Retail Value (RVI), Innovative Industrial Properties (IIPR) and FRP (FRPH).
Who are Ellington Financial's key executives?
Ellington Financial's management team includes the folowing people:
- Mr. Laurence Eric Penn, CEO, Pres & Director (Age 56)
- Mr. Michael William Vranos, Co-Chief Investment Officer (Age 56)
- Mr. JR Herlihy B.A., Chief Financial Officer (Age 36)
- Mr. Mark Ira Tecotzky, Co-Chief Investment Officer (Age 56)
- Mr. Christopher M. Smernoff B.S., CPA, Chief Accounting Officer (Age 41)
Who are Ellington Financial's major shareholders?
Ellington Financial's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Morgan Stanley (3.72%), Mutual of America Capital Management LLC (1.53%), Wedge Capital Management L L P NC (0.24%), GSA Capital Partners LLP (0.18%), Renaissance Technologies LLC (0.10%) and Stockman Wealth Management Inc. (0.08%). Company insiders that own Ellington Financial stock include Laurence Penn, Michael W Vranos and Ronald I Simon. View Institutional Ownership Trends for Ellington Financial.
Which institutional investors are selling Ellington Financial stock?
Which institutional investors are buying Ellington Financial stock?
EFC stock was bought by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Mutual of America Capital Management LLC, Cambridge Investment Research Advisors Inc., Stockman Wealth Management Inc. and Morgan Stanley. Company insiders that have bought Ellington Financial stock in the last two years include Laurence Penn, Michael W Vranos and Ronald I Simon. View Insider Buying and Selling for Ellington Financial.
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 $15.27.
How big of a company is Ellington Financial?
Ellington Financial has a market capitalization of $458.91 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.
What is Ellington Financial's official website?
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 (NYSE 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.
