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
Industry Real estate
Sub-IndustryN/A
SectorFinance
Phone203-698-1200
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$93.96 million
Profitability
Miscellaneous
Employees160
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 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 dividend yield of 10.54%. The ex-dividend date is Thursday, November 29th. View Ellington Financial's Dividend History.
How will Ellington Financial's stock buyback program work?
Ellington Financial declared that its board has initiated a share buyback program on Thursday, February 15th 2018, which allows the company to repurchase 1,550,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its shares are undervalued.
How were Ellington Financial's earnings last quarter?
Ellington Financial LLC (NYSE:EFC) issued its earnings results on Wednesday, November, 7th. The financial services provider reported $0.40 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.37 by $0.03. The financial services provider had revenue of $36.35 million for the quarter, compared to analyst estimates of $31.98 million. Ellington Financial had a net margin of 45.70% and a return on equity of 6.62%. View Ellington Financial's Earnings History.
When is Ellington Financial's next earnings date?
What price target have analysts set for EFC?
4 brokers have issued 12-month target prices for Ellington Financial's shares. Their predictions range from $16.00 to $19.50. On average, they expect Ellington Financial's stock price to reach $18.1250 in the next year. This suggests a possible upside of 16.5% 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.
Has Ellington Financial been receiving favorable news coverage?
Media headlines about EFC stock have been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Ellington Financial earned a news sentiment score of -1.4 on InfoTrie's scale. They also assigned news coverage 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 impact on the stock's share price in the next few days.
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), Office Properties Income Trust (OPI), Armada Hoffler Properties (AHH), Cresud S.A.C.I.F. y A. (CRESY), Government Properties Income Trust (GOV), Forestar Group (FOR), HomeFed (HOFD), BBX Capital (BBX), 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 37)
- Mr. Mark Ira Tecotzky, Co-Chief Investment Officer (Age 56)
- Mr. Christopher M. Smernoff B.S., CPA, Chief Accounting Officer (Age 41)
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 $15.56.
How big of a company is Ellington Financial?
Ellington Financial has a market capitalization of $467.02 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.
