Canada markets close in 4 hours 21 minutes

Ellington Financial Inc. (EFC)

NYSE - Nasdaq Real Time Price. Currency in USD
Add to watchlist
15.80+0.17 (+1.09%)
As of 11:39AM EDT. Market open.

Yahoo Finance will soon be upgrading our Conversations message board platform to provide a better experience for our users. Only comments published since April 21, 2021 will be visible on Yahoo Finance after the upgrade. If you wish to download and save any of your older comments, please submit a request via the Privacy Dashboard by no later than Aug. 15, 2022.

Sign in to post a message.
  • r
    rsp
    Earnings not very stellar. Silver lining is management expects to be able to cover the dividend for the foreseeable future. That’s why I’m here - for the dividend. Will add more tomorrow if the stock tumbles.
  • r
    robert
    Why does EFC continually get punished compared ro AGNC and DX?
  • C
    Chief
    Book value of $16.22 is holding up reasonably well.

    OLD GREENWICH, Conn., July 18, 2022--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced its estimated book value per share of common stock of $16.22 as of June 30, 2022. This estimate includes the effect of the previously announced monthly dividend of $0.15 per share of common stock, payable on July 25, 2022 to holders of record on June 30, 2022, with an ex-dividend date of June 29, 2022.
  • B
    Bishop
    Orchid Island Capital, Inc.
    For a new Dividend recommendation plz take a look at both $EFC and $MSB tickers. You'll make great solid passive income but do your homework!
  • Y
    Yocko
    Declaration

    July 8, 2022

    Record

    July 29, 2022

    Payable

    Aug 25, 2022

    Amount

    $0.15
  • Y
    Yocko
    GAAP Day!
  • P
    Phil
    May not have been a great quarter, but I did like this line item:

    Issued 383,700 common shares under the ATM Program at an average price of $17.66. Repurchased 88,184 shares at an average price of $13.20 per share.

    That isn't 'income', but they sold high on about 300k shares (+$2 compared to current share price or $600k above) and on about 80k shares, they netted almost $4.50 per share ($360k). Combine these two moves and it adds about $1million of value.

    That said, book value dropped from $18.39 in the Feb report to $17.74 last quarter to $16.22 in this report, which is a meaningful drop. Of course, the share price already reflects much of this, having also dropped over $2 since February's report.

    The core business appears OK, which is good news. But with the changes in interest rate, suspect there might be another quarter or so of mixed results before this returns to solid footing.
  • P
    Parker
    When does the dividend for this month get paid out? Still haven’t got it yet
  • P
    Pappy
    I hate it when amateurs post pictures that mean absolutely nothing,
  • p
    phil
    Not sure why EFC is getting beaten down today. Its not $2 below book and while I expect book to continue to drop. I don't see it going to under $15 at least for another year, if ever.
  • K
    Kenneth Kissane
    OLD GREENWICH, Conn.--(BUSINESS WIRE)--Jun. 16, 2022-- Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced its estimated book value per share of common stock of $16.94 as of May 31, 2022. This estimate includes the effect of the previously announced monthly dividend of $0.15 per share of common stock, payable on June 27, 2022 to holders of record on May 31, 2022, with an ex-dividend date of May 27

    BUY BUY BUY
  • S
    Stone Cold
    Oh oh this doesn’t look good
  • K
    Kenneth Kissane
    BUY BUY BUY BOOK VALUE STABLE AT end of MAY AT $16.94 versus $17.10 end April whereas most REITS lost 15-25% in their book value.
  • r
    rsp
    EFC no like inverted yield curve today
  • B
    Bill
    Just bought in today. Looks like a great place to park some money while interest rates are rising.
  • e
    eom
    going down to 5 like 3 yrs ago
  • O
    OldTechy
    Help - What am I missing ?
    looking for reason to Add - HOLD - Reduce 'EFC' holdings

    52-Week Price Change -24.71%
    Company Reported GAAP EPS $-0.17
    Payout Ratio (TTM) 112.50%
    EPS Growth (TTM vs. Prior TTM) -62.00%
    Return on Assets (TTM) 1.57%
    Free Cash Flow (TTM) $75.06M
    (common) Shares outstanding 60.05 MM
    Number of shares has increased by 31.28% in one year.

    Dividend Yield 12.44%
    Earnings Yield = 8.93% (Earnings Per Share / Stock Price) * 100%
    Analyst Forecast : The average price target for EFC is $18.71,
    which is 29.30% higher than the current price.
    The consensus rating is "Buy".
    Book Value Per Share 21.55
    Revenue Next Year 163.72M
    Decreased by -0.93% from 165.25M
  • Y
    Yocko
    Down .72 cents down from last report. Previous report only dropped 16 cents. Thats a hammering
  • P
    Pappy
    Wow,
  • P
    Paul
    Current book price is meaningless the market is betting it will be going down from here