Ellington Financial Inc (N:EFC)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 53 Forest Ave OLD GREENWICH CT 06870-1526 |
| Tel: | N/A |
| Website: | https://www.ellingtonfinancial.com |
| IR: | See website |
| Key People | ||
| Laurence E. Penn President, Chief Executive Officer, Director | J. R. Herlihy Chief Financial Officer, Treasurer | Christopher Smernoff Chief Accounting Officer |
| Mark Tecotzky Co-Chief Investment Officer | Michael W. Vranos Co-Chief Investment Officer | Daniel Margolis General Counsel |
| Business Overview |
| Ellington Financial Inc. is a real estate investment trust. The Company acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets. The Company's segments include the Investment Portfolio Segment and the Longbridge Segment. 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 (RMBS), commercial mortgage-backed securities (CMBS), consumer loans and asset-backed securities (ABS), including ABS backed by consumer loans, collateralized loan obligations (CLOs), non-mortgage- and mortgage-related derivatives, debt and equity investments in loan origination companies, and other strategic investments. The Longbridge Segment is focused on the origination and servicing of reverse mortgage loans. The Company is externally managed and advised by Ellington Financial Management LLC. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Ellington Financial Inc revenues increased 31% to $370.2M. Net income applicable to common stockholders totaled $60.9M vs. loss of $85.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Investment Portfolio Segment income increase from $4.5M to $117M, Corporate or Other segment loss decrease of 15% to $37.5M. |
| Employees: | 400 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $14,457M as of Dec 31, 2023 |
| Annual revenue (TTM): | $370.17M as of Dec 31, 2023 |
| EBITDA (TTM): | -$78.89M as of Dec 31, 2023 |
| Net annual income (TTM): | $60.90M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$391.17M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $13,105M as of Dec 31, 2023 |
| Shares outstanding: | 85,056,648 as of Mar 25, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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