Ellington Financial/$EFC
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Capital at risk
About Ellington Financial
Ellington Financial Inc is a specialty finance company. Its primary investment objective is to generate attractive, risk-adjusted total returns for its shareholders by making investments. The company has two reportable segments; The Investment Portfolio Segment is focused on investing in a diverse array of financial assets, including residential and commercial mortgage loans, residential mortgage-backed securities, non-mortgage- and mortgage-related derivatives, debt and equity investments in loan origination companies, and other strategic investments, and The Longbridge Segment is focused on the origination and servicing of reverse mortgage loans. It acquires reverse mortgage loans both through its origination activities and through secondary market purchases.
- Ticker
- $EFC
- Sector
- Real Estate
- Primary listing
- NYSE
- Employees
- 500
- Headquarters
- Old Greenwich, United States
- Website
- www.ellingtonfinancial.com
EFC Metrics
BasicAdvanced
$1.6B
7.34
$1.70
0.93
$1.56
12.54%
Price and volume
Market cap
$1.6B
Beta
0.93
52-week high
$14.12
52-week low
$11.28
Average daily volume
1.2M
Dividend rate
$1.56
Financial strength
Current ratio
35.199
Quick ratio
35.122
Long term debt to equity
9.245
Total debt to equity
9.288
Dividend payout ratio (TTM)
92.34%
Profitability
Gross margin (TTM)
100.00%
Net profit margin (TTM)
51.50%
Operating margin (TTM)
53.18%
Effective tax rate (TTM)
1.50%
Revenue per employee (TTM)
$850,000
Management effectiveness
Return on assets (TTM)
1.19%
Return on equity (TTM)
12.25%
Valuation
Price to earnings (TTM)
7.335
Price to revenue (TTM)
3.3
Price to book
0.91
Price to tangible book (TTM)
0.91
Price to free cash flow (TTM)
-2.304
Free cash flow yield (TTM)
-43.40%
Free cash flow per share (TTM)
-5.399
Dividend yield (TTM)
12.54%
Forward dividend yield
12.54%
Growth
Revenue change (TTM)
33.05%
Earnings per share change (TTM)
36.92%
3-year revenue growth (CAGR)
26.90%
10-year revenue growth (CAGR)
21.58%
3-year earnings per share growth (CAGR)
51.32%
10-year earnings per share growth (CAGR)
16.35%
3-year dividend per share growth (CAGR)
-4.66%
10-year dividend per share growth (CAGR)
-2.45%
Bulls say / Bears say
Adjusted distributable earnings were $0.60 a share in Q2 against a $0.39 dividend, extending eight straight quarters of coverage; book value still rose to $13.61 after the payout. That gives the monthly dividend a current earnings cushion and lets excess profit strengthen book value. (Morningstar, The Motley Fool)
Longbridge originated $589.7 million of reverse mortgages in Q2, up 38% year on year, and completed two proprietary securitisations; July then set a record for proprietary originations and submissions. Its HMBS market share reached 29%, giving EFC a growing mortgage-banking and servicing engine beyond portfolio carry. (HousingWire, Morningstar)
Credit performance remains strong: cumulative realised losses were 17 basis points on $20.4 billion of residential fundings and 39 basis points on $2.5 billion of commercial bridge originations. Q2 also showed strong results across residential credit, CLOs and loan-originator investments, supporting the case that diversification is working. (The Motley Fool, Morningstar)
Leverage leaves EFC sensitive to funding markets: total debt-to-equity was 9.2:1, recourse leverage was 1.9:1, and the Q2 investment-portfolio net interest margin slipped to 3.36% as funding costs rose. Its latest $150 million senior unsecured issue carries a 7.375% coupon, adding a sizeable fixed financing cost. (Morningstar, Yahoo Finance)
Reported earnings remain exposed to valuation marks and deal timing, rather than recurring spread income alone. Q2 included a substantial unrealised loss on unsecured debt and losses on hedges as rates moved, while weaker CMBS, residential REO and other loans offset some portfolio gains. (Morningstar)
Longbridge's faster growth is increasingly tied to proprietary reverse mortgages, which made up about 54% of Q2 originations but, unlike HECMs, are not FHA-insured. That product mix carries more direct credit exposure, so growth is not equivalent to expansion in the government-backed HECM channel. (HousingWire, Morningstar)
Data summarised monthly by Lightyear AI. Last updated on 16 Sept 2026.
Upcoming events
EFC News
AllArticlesVideos
Ellington Financial Closes Additional 7.375% Senior Unsecured Notes Offering
Business Wire4 days ago
Ellington Financial Announces Upsizing and Pricing of Additional 7.375% Senior Unsecured Notes Due 2030
Business Wire6 days ago
Ellington Financial Declares Common and Preferred Dividends
Business Wire2 weeks ago
Funds containing EFC
AllUSDGBPEUR
Fund name | Fund size | $EFC weighting |
|---|---|---|
iShares S&P SmallCap 600$IDP6 | $3.2B | 0.07% |
iShares S&P Small Cap 600£ISP6 | £2.4B | 0.07% |
SPDR Russell 2000 US Small Cap€R2US | €4.8B | 0.05% |
iShares MSCI World Small Cap$WSML | $9B | 0.01% |
iShares MSCI World Small Cap€IUSN | €7.8B | 0.01% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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