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Ellington Financial LLC (EFC) Company Profile

Updated May 14, 2020
Ellington Financial LLC has the following business profile:
Company's Full Name:Ellington Financial LLC
Short Name:Ellington Financial LLC
Trading Ticker Symbol:EFC
Primary Exchange:NYSE
Headquarter City/Country:Old Greenwich, CT
Primary Industry Sector:Finance
Seconday Sub-sector:Real Estate
Main Business Areas: Finance, Real Estate, Financial Services, Specialty Finance
Dividend Payments:Dividend History
ETFs Holding:List of ETFs holding Ellington Financial LLC stock

Market and Trading Information for Ellington Financial LLC

The following details were available for trading and market data about the stock of Ellington Financial LLC as of writing:
Current Share Price:$9.73
Previous Year's Closing Price:$18.33
Percentage Price Change (YTD):-46.92%
Market Cap:$425.98 million
52-week Price Range:$3.24 - $19.12
Dividend Per Share:$1.71
EPS (TTM):-2.5
Price-Earnings (Trailing):0
Price-Earnings (Forward):8.04

Company Profile and Business Description for Ellington Financial LLC

Ellington Financial LLC, incorporated on July 9, 2007, is a specialty finance company that acquires and manages mortgage-related and other financial assets. The Company's targeted assets include residential mortgage-backed securities (RMBS), backed by loans for which the principal and interest payments are not guaranteed by a United States Government agency or a United States Government-sponsored entity, collectively referred to as non-Agency RMBS; RMBS for which the principal and interest payments are guaranteed by the United States government agency or the United States government-sponsored entity (Agency RMBS); consumer loans and asset-backed securities (ABS) backed by consumer loans; commercial mortgage-backed securities (CMBS) commercial mortgage loans and other commercial real estate debt; residential mortgage loans; collateralized loan obligations (CLOs); corporate debt and equity, including distressed debt and equity, and mortgage-related derivatives. In addition, the Company acquires and manages other types of mortgage-related and financial assets, such as real property and non-mortgage-related derivatives. It has investments in the debt and/or equity of, other entities engaged in mortgage-related businesses, such as mortgage originators and other mortgage-related entities.

The Company acquires non-Agency RMBS backed by prime jumbo, Alt-A, manufactured housing, and subprime residential mortgage loans. Its non-Agency RMBS holdings can include investment-grade and non-investment grade classes, including non-rated classes. It also acquires European non-dollar denominated non-Agency RMBS. The Company's assets in Agency RMBS asset class consists primarily of whole pool (partial pool) pass-through certificates, the principal and interest of which are guaranteed by a federally chartered corporation, such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) or the Government National Mortgage Association, within the United States Department of Housing and Urban Development, or Ginnie Mae, and which are backed by adjustable rate mortgages (ARMs), hybrid ARMs, or fixed rate mortgages. In addition to investing in pass-through certificates, which are backed by traditional mortgages, the Company has invested in Agency RMBS backed by reverse mortgages. Whole pool pass-through certificates are mortgage pass-through certificates that represent the entire ownership of a pool of mortgage loans.

In addition to investing in specific pools of Agency RMBS, the Company utilizes forward-settling purchases and sales of Agency RMBS where the underlying pools of mortgage loans are to-be-announced mortgage pass-through certificates (TBAs). Pursuant to these TBA transactions, the Company agrees to purchase or sell, for future delivery, Agency RMBS with certain principal and interest terms and certain types of underlying collateral, but the particular Agency RMBS to be delivered is not identified until shortly before the TBA settlement date. The Company uses TBAs primarily for hedging purposes. It is primarily engaged in TBA transactions for purposes of managing certain risks associated with its investment strategies. The Company takes long and short positions in various mortgage-related derivative instruments, including credit default swaps. A credit default swap is a credit derivative contract in which one party (the protection buyer) pays an ongoing periodic premium (and often an upfront payment as well) to another party (the protection seller) in return for compensation for default (or similar credit event) by a reference entity. The Company acquires CMBS, which are securities collateralized by mortgage loans on commercial properties. The CMBS issued are fixed rate securities backed by fixed rate loans made to multiple borrowers on various property types, though single-borrower CMBS and floating rate CMBS have also been issued.

The Company acquires commercial mortgage loans, which are loans secured by liens on commercial properties, including retail, office, industrial, hotel and multi-family properties. Commercial real estate loans might also be structured into senior/subordinate structures, including those providing for multiple B-Note or multiple mezzanine loan senior/subordinate components. Commercial mortgage loans are sometimes made for the acquisition, renovation, or redevelopment of a property. These loans are shorter term loans or bridge loans. Some of the commercial mortgage loans that the Company acquires might be non-performing, underperforming, or otherwise distressed. The Company acquires CLOs, a form of asset-backed security collateralized by syndicated corporate loans. It focuses on legacy securities. Its CLO holdings include mezzanine and equity interests, and are concentrated in securitizations that have exited the reinvestment period. It invests in CLOs denominated in the United States dollars, as well as in non-dollar denominated European CLOs.

The Company also acquires the United States consumer whole loans and ABS backed by the United States consumer loans. The Company takes long and short positions in corporate debt and equity (including indices on corporate debt and equity) by entering into derivative contracts, such as credit default swaps, total return swaps, and options, or by buying and selling equities or debt. The Company's other assets include residential mortgage loans, other non-mortgage related derivatives, real estate, including residential and commercial real property, and strategic debt and/or equity investments in mortgage originators. It has made investments in mortgage originators and other mortgage-related entities in the form of debt and/or equity and its investments represent non-controlling interests.

53 Forest Ave

ETFs Holding Ellington Financial LLC Stock

As of March 2020, the following exchange-traded funds (ETF) hold the Ellington Financial LLC stocks in their respective portfolios. Below is a random list of only 10 ETFs in no particular order that have Ellington Financial LLC stock holding. There are a total of 28 ETFs in Fknol.com records which are holding Ellington Financial LLC stock in their portfolio. See Full List.

TickerNameShort DescriptionExpense
Ratio
No. of
Holdings
Dividend
Frequency
FNCLFidelity MSCI Financials Index ETFThe Fidelity MSCI Financials ETF tracks a market-cap-weighted index of stocks in the broad US financials sector. ...Full Details0.08%377
Full List
Quarterly
ITOTiShares Core S&P Total US Stock Market ETFThe iShares Core S&P Total U.S. Stock Market ETF tracks a market cap-weighted index of all common equities listed on the NYSE and the NASDAQ. ...Full Details0.03%3090
Full List
Quarterly
IWViShares Russell 3000 ETFThe iShares Russell 3000 ETF tracks a cap-weighted index that measures the investable US equities market, covering the entire market-cap spectrum, including micro-caps. ...Full Details0.2%3002
Full List
Quarterly
SCHBSchwab US Broad Market ETFThe Schwab U.S. Broad Market ETF tracks a cap-weighted index of the largest 2,500 stocks in the US. ...Full Details0.03%2365
Full List
Quarterly
VFHVanguard Financials ETFThe Vanguard Financials ETF tracks the performance of the MSCI US Investable Market Financials 25/50 Index, which includes the financial stocks of the top 98% of US market by capitalization. ...Full Details0.1%408
Full List
Quarterly
VTHRVanguard Russell 3000 ETFThe Vanguard Russell 3000 ETF tracks a cap-weighted index that measures the investable US equities market, covering the entire market-cap spectrum including micro-caps. ...Full Details0.15%1581
Full List
Quarterly
VTIVanguard Total Stock Market ETFThe Vanguard Total Stock Market ETF tracks a cap-weighted index that measures the investable US equities market, encompassing the entire market-cap spectrum. ...Full Details ...Candlestick Patterns.0.04%1515
Full List
Quarterly
DWMCAdvisorShares Dorsey Wright Micro-Cap ETFThe AdvisorShares Dorsey Wright Micro-Cap ETF is an actively managed portfolio of US-listed micro-cap stocks. The fund follows a rules-based momentum strategy and seeks long-term capital appreciation. ...Full Details0.99%160
Full List
Annually
IWCiShares Microcap ETFThe iShares Microcap ETF tracks a market-cap-weighted index of U.S. micro-cap stocks. The index selects the smallest 1000 stocks in the Russell 2000 Index. ...Full Details0.6%1452
Full List
Quarterly
GSSCGoldman Sachs ActiveBeta US Small Cap Equity ETFThe Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF tracks an index of US small-cap stocks. The index equally weights four factor-based subindexes: value, momentum, quality, and low volatility. ...Full Details0.2%1543
Full List
Quarterly

See Full List of ETFs holding Ellington Financial LLC stock in their respective portfolios.

Peer / Competitor Companies of Real Estate Sector

Along with Ellington Financial LLC, the following other peer (competitor) companies also exist within the same Real Estate - Finance sector whose company profile and dividend history is as follows:

▶ AGNC Investment (AGNCN): AGNC Investment Corp. operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage pass-through securities and collateralized mortgage obligations for whic....See Detailed Company Profile,  Dividend History

▶ Alexander and Baldwin (ALEX): Alexander & Baldwin, Inc. (A&B), incorporated in March 19, 2012, is a real estate company. The Company operates through three segments: Commercial Real Estate, Land Operations, and Materials and Construction. ....See Detailed Company Profile,  Dividend History

▶ Altisource Asset Management (AAMC): Altisource Asset Management Corporation (Altisource), incorporated on March 15, 2012, provides asset management and corporate governance services to institutional investors. The Companys primary client is Altisource Residential Corporation (Residential). The ....See Detailed Company Profile,  Dividend History

▶ Altisource Residential (RESI): Altisource Residential Corporation, incorporated on July 19, 2012, is a real estate investment trust (REIT). The Company focuses on acquiring, owning and managing single-family rental (SFR) properties throughout the United ....See Detailed Company Profile,  Dividend History

▶ American Finance Trust (AFIN): American Finance Trust, Inc. (Nasdaq: AFIN) is a publicly traded real estate investment trust listed on the Nasdaq focused on acquiring and managing a diversified portfolio of primarily service-oriented and tra....See Detailed Company Profile,  Dividend History

▶ American Realty Investors (ARL): American Realty Investors, Inc., incorporated on November 1, 1999, is an externally advised and managed real estate investment company that owns a diverse portfolio of income-producing properties and land held ....See Detailed Company Profile,  Dividend History

▶ Americold Realty Trust (COLD): Americold is the world's largest owner and operator of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 156 temperature-controlled warehouses, with approximately 928 mil....See Detailed Company Profile,  Dividend History

▶ Armada Hoffler Properties (AHH): Armada Hoffler Properties, Inc., incorporated on October 12, 2012, is a real estate company. The Company is engaged in developing, building, owning and managing institutional-grade office, retail and multifamily properties ....See Detailed Company Profile,  Dividend History

▶ Braemar Hotels & Resorts (BHR): Braemar Hotels & Resorts is a conservatively capitalized REIT that invests primarily in high RevPAR, full-service luxury hotels and resorts. We are listed on the New York Stock Exchange under the symbol BHR and....See Detailed Company Profile,  Dividend History

▶ Brookfield Property Partners (BPY): Brookfield Property Partners L.P., incorporated on January 3, 2013, is a diversified global real estate company. The Company owns, operates and develops a portfolio of office, retail, multifamily, industrial, hospitality, ....See Detailed Company Profile,  Dividend History

▶ CBRE Group (CBRE): CBRE Group, Inc., incorporated on February 20, 2001, is a holding company that conducts all of its operations through its subsidiaries. The Company operates as a commercial real estate services and investment company.....See

▶ China HGS Real Estate (HGSH): China HGS Real Estate Inc., formerly China Agro Sciences Corp., incorporated on March 27, 2001, is engaged in real estate development, primarily in the construction and sale of residential apartments, ....See Detailed Company Profile,  Dividend History

▶ CIM Commercial Trust (CMCTP): CIM Commercial is a real estate investment trust that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving urban communities throughout the United States. Its prope....See Detailed Company Profile,  Dividend History

▶ Colliers International (CIGI): Colliers International Group Inc., incorporated on July 31, 1988, is engaged in the provision of commercial real estate services. The Company offers services, including outsourcing and advisory services, lease brokerage ....See Detailed Company Profile,  Dividend History

▶ Colony Capital (CLNY): Colony Capital, Inc. (NYSE: CLNY) is a leading global investment management firm with assets under management of $44 billion. The Company manages capital on behalf of its stockholders, as well as institutional ....See Detailed Company Profile,  Dividend History

▶ Colony Credit Real Estate (CLNC): Colony Credit Real Estate, Inc. operates as a commercial real estate (CRE) credit real estate investment trust in the United States. It focuses on originating, acquiring, financing, and managing a portfolio of ....See Detailed Company Profile,  Dividend History

▶ Consolidated-Tomoka Land (CTO): Consolidated-Tomoka Land Co., together with its subsidiaries, operates as a diversified real estate operating company in the United States. The company operates through four segments: Income Propertie....See Detailed Company Profile,  Dividend History

▶ CorePoint Lodging (CPLG): CorePoint Lodging Inc., a real estate investment trust company, focuses on midscale and upper-midscale lodging business. As of May 31, 2018, it had a portfolio of 316 hotels and approximately 40,000 rooms acros....See Detailed Company Profile,  Dividend History

▶ Cushman & Wakefield (CWK): Cushman & Wakefield plc provides commercial real estate services in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It offers integrated facilities management, project and development, port....See Detailed Company Profile,  Dividend History

▶ Empire State Realty OP (ESBA): Empire State Realty OP, L.P. operates as a subsidiary of Empire State Realty Trust, Inc....See Detailed Company Profile,  Dividend History

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