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.
Read More…
Industry, Sector and Symbol
Industry Real estate
Sub-IndustryN/A
SectorFinance
Phone203-698-1200
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$135.04 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date11/6/2019 (Estimated)
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 declared a monthly dividend on Wednesday, August 7th. Investors of record on Friday, August 30th will be given a dividend of $0.14 per share on Wednesday, September 25th. This represents a $1.68 annualized dividend and a yield of 9.55%. The ex-dividend date of this dividend is Thursday, August 29th. View Ellington Financial's Dividend History.
How will Ellington Financial's stock buyback program work?
Ellington Financial declared that its Board of Directors has initiated a stock repurchase program on Thursday, February 15th 2018, which allows the company to repurchase 1,550,000 shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.
How were Ellington Financial's earnings last quarter?
Ellington Financial Inc (NYSE:EFC) issued its quarterly earnings data on Monday, August, 5th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.42 by $0.04. The financial services provider earned $38.55 million during the quarter, compared to analysts' expectations of $37.46 million. Ellington Financial had a net margin of 21.99% and a return on equity of 8.70%. View Ellington Financial's Earnings History.
When is Ellington Financial's next earnings date?
What price target have analysts set for EFC?
2 brokerages have issued 12-month target prices for Ellington Financial's stock. Their forecasts range from $18.00 to $20.00. On average, they anticipate Ellington Financial's stock price to reach $19.00 in the next twelve months. This suggests a possible upside of 8.0% from the stock's current price. View Analyst Price Targets for Ellington Financial.
What is the consensus analysts' recommendation for Ellington Financial?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ellington Financial in the last year. There are currently 1 hold rating and 1 buy rating 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. Maxim Group analysts commented, "EFC reported 2Q19 EPS of $0.43 and 2Q19 core income of $0.46 per share, both covering EFC’s new $0.42 quarterly dividend, now paid monthly ($0.14 per month) related to its conversion to a REIT. We are maintaining our price target at $20. This equates to 1.06x book value (unchanged), which is inline with the average P/BV multiple of other high- quality mortgage REITs." (8/9/2019)
- 2. 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. " (7/19/2019)
Has Ellington Financial been receiving favorable news coverage?
News stories about EFC stock have trended negative recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Ellington Financial earned a media sentiment score of -2.3 on InfoTrie's scale. They also gave news headlines about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Ellington Financial.
Are investors shorting Ellington Financial?
Ellington Financial saw a decrease in short interest during the month of July. As of July 31st, there was short interest totalling 504,500 shares, a decrease of 20.0% from the June 30th total of 630,600 shares. Based on an average daily volume of 348,100 shares, the short-interest ratio is currently 1.4 days. Approximately 1.8% of the company's shares are short sold. View Ellington Financial's Current Options Chain.
Who are some of Ellington Financial's key competitors?
Some companies that are related to Ellington Financial include Shanghai Industrial (SGHIY), Urban Edge Properties (UE), Seritage Growth Properties (SRG), Office Properties Income Trust (OPI), Getty Realty (GTY), Innovative Industrial Properties (IIPR), Five Point (FPH), Armada Hoffler Properties (AHH), Forestar Group (FOR), Retail Value (RVI), HomeFed (HOFD), Front Yard Residential (RESI), FRP (FRPH), Tejon Ranch (TRC) and BBX Capital (BBX).
What other stocks do shareholders of Ellington Financial own?
Who are Ellington Financial's key executives?
Ellington Financial's management team includes the folowing people:
- Mr. Laurence Eric Penn, CEO, Pres & Director (Age 57)
- Mr. Michael William Vranos, Co-Chief Investment Officer (Age 57)
- Mr. JR Herlihy B.A., Chief Financial Officer (Age 37)
- Mr. Mark Ira Tecotzky, Co-Chief Investment Officer (Age 57)
- Mr. Christopher M. Smernoff B.S., C.P.A., Chief Accounting Officer (Age 42)
Who are Ellington Financial's major shareholders?
Ellington Financial's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.54%), Vanguard Group Inc. (3.95%), BBR Partners LLC (3.37%), Cooperman Leon G (2.89%), Acadian Asset Management LLC (1.66%) and Morgan Stanley (1.16%). 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?
EFC stock was sold by a variety of institutional investors in the last quarter, including Cooperman Leon G, BBR Partners LLC, ClariVest Asset Management LLC, GSA Capital Partners LLP, Wedge Capital Management L L P NC, EJF Capital LLC and Bank of America Corp DE. View Insider Buying and Selling for Ellington Financial.
Which institutional investors are buying Ellington Financial stock?
EFC stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., Acadian Asset Management LLC, Renaissance Technologies LLC, Charles Schwab Investment Management Inc., Nuveen Asset Management LLC, Morgan Stanley and Marshall Wace LLP. 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 $17.59.
How big of a company is Ellington Financial?
Ellington Financial has a market capitalization of $594.01 million and generates $135.04 million in revenue each year. The financial services provider earns $46.68 million in net income (profit) each year or $1.41 on an earnings per share basis. View Additional Information About Ellington Financial.
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.
