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Ellington Financial Inc. (1EL.F)

Frankfurt - Frankfurt Delayed Price. Currency in EUR
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15.300.00 (0.00%)
At close: 09:55PM CEST
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  • B
    Boot
    New investor here. Tough to beat the dividend and from what I've read it's safe through '24.
    GLTA
  • 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.
  • T
    TheGreenSteven
    First line in the highlighted earnings report shows a net loss of $1.08 yet Yahoo shows earnings of positive 41 cents.
  • 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.
  • K
    Katitsa
    Book value $16.22
  • 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.
  • Y
    Yocko
    Declaration

    July 8, 2022

    Record

    July 29, 2022

    Payable

    Aug 25, 2022

    Amount

    $0.15
  • Y
    Yocko
    GAAP Day!
  • 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.
  • Y
    Yocko
    Divvy just declared for August
  • 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
  • r
    rsp
    EFC no like inverted yield curve today
  • 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.
  • Y
    Yocko
    Down .72 cents down from last report. Previous report only dropped 16 cents. Thats a hammering
  • e
    eom
    going down to 5 like 3 yrs ago
  • B
    Bill
    Just bought in today. Looks like a great place to park some money while interest rates are rising.
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