Ellington Financial(EFC)

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Ellington Financial(EFC) - 2024 Q2 - Quarterly Results
2024-08-06 23:58
Exhibit 99.1 Ellington Financial Inc. Reports Second Quarter 2024 Results OLD GREENWICH, Connecticut—August 6, 2024 Ellington Financial Inc. (NYSE: EFC) ("we," "us," or "our") today reported financial results for the quarter ended June 30, 2024. Highlights • Net income attributable to common stockholders of $52.3 million, or $0.62 per common share. 1 ◦ $69.1 million, or $0.81 per common share, from the investment portfolio. ▪ $68.0 million, or $0.80 per common share, from the credit strategy. ▪ $1.1 million ...
Ellington Financial: Series A Preferred Shares To Float, Yield Over 10%
Seeking Alpha· 2024-07-15 05:32
p I te with Introduction Microsoft Excel API Companies that utilize leverage to lend have been battling higher borrowing costs and struggling to grow their earnings to keep up with higher interest rates. Fortunately, Ellington Financial's interest income has grown at a faster pace than its interest expense. Net interest income (interest income less interest expense) grew by $3.5 million or more than 10% to $31 million in the first quarter. Unfortunately, the increase in net interest income was more than off ...
Ellington Financial: Income-Thirsty Investors Can Consider This Diversified mREIT
Seeking Alpha· 2024-06-18 16:18
Mortgage real estate investment trusts, or mREITs, have been a tough investment in this rate environment. One name that has held up in the space is Ellington Financial Inc. (NYSE:EFC), and it is well positioned for when rates normalize and the housing industry rebounds, in our opinion. We still like income names to comprise about 20% of your long-term portfolio. Within those long-term income holdings, we endorse having dividend paying names, blended with dividend growth, and/or high-yield. Now we got some b ...
Ellington Financial(EFC) - 2024 Q1 - Quarterly Report
2024-05-10 18:15
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-34569 Ellington Financial Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 26-0489289 (State or Other ...
Ellington Financial(EFC) - 2024 Q1 - Earnings Call Transcript
2024-05-08 19:26
Ellington Financial Inc. (NYSE:EFC) Q1 2024 Earnings Conference Call May 8, 2024 11:00 AM ET Company Participants Alaael-Deen Shilleh – Associate General Counsel and Secretary Larry Penn – Chief Executive Officer JR Herlihy – Chief Financial Officer Mark Tecotzky – Co-Chief Investment Officer Conference Call Participants Trevor Cranston – Citizens JMP Frank Labetti – KBW Jason Weaver – JonesTrading Eric Hagen – BTIG Operator Good morning, ladies and gentlemen. Thank you for standing by. Welcome to the Ellin ...
Ellington Financial(EFC) - 2024 Q1 - Earnings Call Presentation
2024-05-08 17:26
Earnings Conference Call Q1 May 8, 2024 2024 Q1 2024 EARNINGS Important Notice Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve numerous risks and uncertainties. Our actual results may differ from our beliefs, expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as prediction ...
Ellington Financial(EFC) - 2024 Q1 - Quarterly Results
2024-05-07 21:45
Ellington Financial Inc. Reports First Quarter 2024 Results OLD GREENWICH, Connecticut—May 7, 2024 Ellington Financial Inc. (NYSE: EFC) ("we," "us," or "our") today reported financial results for the quarter ended March 31, 2024. Highlights First Quarter 2024 Results Exhibit 99.1 "Steady performance from our non-QM and residential transition loan businesses, together with strong returns from our secondary CLO, CMBS, and non-Agency RMBS portfolios, drove Ellington Financial's first quarter results," said Lau ...
Ellington Financial: Shifting From The A To E Preferred Shares
Seeking Alpha· 2024-03-18 11:30
Dragon ClawsEllington Financial (EFC) is a mortgage REIT that invests in residential and commercial mortgages. The company also carries a portfolio of consumer loans. Over a year ago, I wrote about the attractive investment in Ellington’s Series A preferred shares (NYSE:EFC.PR.A). Today, I’m suggesting that investors consider switching from the Series A shares to the Series E preferred shares (NYSE:EFC.PR.E). Other than the company’s common shares, Ellington Financial has seven different income securiti ...
Ellington Financial Declares Common and Preferred Dividends
Businesswire· 2024-03-07 21:17
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced that its Board of Directors has declared the following: (i) a monthly dividend of $0.13 per share of common stock, payable on April 25, 2024 to common stockholders of record as of March 29, 2024; (ii) a quarterly dividend of $0.421875 per share on the Company's 6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, payable on April 30, 2024 to Series A preferred stockholders of ...